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How to surrender Shanghai social security
Generally, social security cannot be surrendered, but if one of the following conditions is met, the insured person can go through the surrender formalities with his ID card and other information at the social security bureau where he is insured: the insured person has reached retirement age and has not paid the fee 15 years; The unit has paid many times and terminated the labor relationship; The insured has settled abroad; The death of the insured; Migrant workers terminate their labor relations and return home.
Legal objectivity:
Article 14 of the Social Insurance Law of People's Republic of China (PRC) * * * Personal account shall not be withdrawn in advance, and the bookkeeping interest rate shall not be lower than the bank time deposit interest rate, and interest tax shall be exempted. If an individual dies, the balance of the individual account can be inherited. Article 17 of the Social Insurance Law of People's Republic of China (PRC), if an individual who participates in the basic old-age insurance dies due to illness or non-work, his survivors can receive funeral subsidies and pensions; Persons who have completely lost their ability to work due to illness or non-work-related disability before reaching the statutory retirement age can receive disability allowance. The required funds are paid from the basic old-age insurance fund.
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