Measures for the transfer of endowment insurance in Kunshan

Legal analysis: old-age insurance is incorporated into social security and transferred together. Transfer-out: After the social security payment is interrupted, the insured person will bring the original ID card to the municipal people's social service hall or the district/town administrative (convenience) service center to print the basic old-age insurance payment voucher and the basic medical security certificate, and go through the transfer-out procedures. Transfer-in: The insured person shall go through the transfer-in formalities at the service hall of the Municipal People's Social Security Bureau with the payment certificate of basic old-age insurance issued by the social security agency in the transfer-out place.

Legal basis: People's Republic of China (PRC) Social Insurance Law.

Eleventh basic old-age insurance to implement the combination of social pooling and individual accounts. The basic old-age insurance fund consists of employers, individual contributions and government subsidies.

Article 12 The employing unit shall pay the basic old-age insurance premium according to the proportion of the total wages of employees stipulated by the state and record it in the basic old-age insurance pooling fund. Employees shall pay the basic old-age insurance premium in accordance with the proportion of wages stipulated by the state and record it in their personal accounts. Individual industrial and commercial households without employees, part-time employees who have not participated in the basic old-age insurance in the employing unit and other flexible employees who have participated in the basic old-age insurance shall pay the basic old-age insurance premiums in accordance with state regulations and record them in the basic old-age insurance pooling fund and individual accounts respectively.

Thirteenth employees of state-owned enterprises and institutions to participate in the basic old-age insurance, the basic old-age insurance premiums payable during the payment period shall be borne by the government. When the basic old-age insurance fund is insufficient to pay, the government gives subsidies.