Can individual insurance units in the same place all pay from social security to life insurance?

Ministry of Human Resources and Social Security: Inter-provincial Transfer Ratio of Social Security and Its Impact on Pension Collection

Many people think that 40% of enterprise contributions cannot be taken away with the insured's job migration, which will affect retirement benefits. Hu Xiaoyi explained that the basic pension is linked to the enterprise's payment, and the treatment is determined according to the salary base of my payment and the average salary base of the local society, which is only related to the length of my payment period. There is no direct relationship between the mode and proportion of capital transfer between provinces and the amount of pension that individuals can receive when they retire. What kind of problems will be caused if all the unit contributions are transferred to the transfer place? Hu Xiaoyi believes that there are more than 56 million retirees in China at present, and their sources of pension funds are formed by contributions from local enterprises. If all of them are transferred, there will be an imbalance of funds. In order to balance the capital relationship between the transfer-in place and the transfer-out place, 40% of the enterprise contributions need to stay in the local area to ensure the timely and full payment of the current pension.

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