Endowment insurance is the most important of the five social insurances, and China's endowment insurance adopts the mode of "pooling funds and individual accounts".

In most areas of China, the employer pays 2% of the employee's individual contribution base as the overall fund, and the individual pays 8% as the individual account fund. The overall fund adopts the pay-as-you-go system, that is, the money from oral sex of working-age people provides pensions for retirees; Personal account is to save money for future pension.

according to the interim measures, the transfer of pension insurance relationship will adopt a "double transfer" mode, in which the individual part will be transferred in full, and the overall part will be transferred to 12% of the payment base, which is equivalent to 6% of the overall part. That is, if the monthly payment base of an employee is 5, yuan, then the social co-ordination part paid by the unit is 1 yuan, and the individual contribution is 4 yuan. When transferring, he can transfer 6% of the overall social planning (that is, 6 yuan) and the full amount of 4 yuan in his personal account.

maybe you are also worried about two issues: first, if you transfer 6% of the overall fund, will it affect the future pension benefits, and second, whether the transfer procedure is simple and convenient. Regarding the first question, Ministry of Human Resources and Social Security (hereinafter referred to as the "Ministry of Manpower") explained that the transfer ratio of 12% finally reached the balance of interests between the outflow areas and the inflow areas, and it would not affect the pension benefits of the insured. Regarding the second question, the Interim Measures also specifically stipulates that the procedures for the insured should be simplified. All the insured individuals need to do is to submit a written application for the transfer and continuation of the basic old-age insurance relationship to the social security agency in the new insured place, and all other background work is completed by the social security agency in the new and old insured places.

after the insured submits the application, there are three processes to transfer the old-age insurance relationship: the new insured place examines the application for transfer and continues and sends a letter of consent to the original insured place-the original insured place goes through the transfer procedures-the new insured place accepts the transfer procedures and funds. After the three processes are completed, the transfer and connection procedures can be completed, and the insured can complete all the procedures within 45 working days at most.

For you, what you need to do is two things: First, you need to bring the insured's resident ID card, certificate of termination of labor relations, household registration book and other relevant supporting materials to the social security agency in the original insured place to print the "Basic Endowment Insurance Payment Voucher". The second is to bring all these procedures together, fill in the Application Form for Transfer and Continuation, and apply for transfer to the social security agency of the newly insured place. After that, you don't need to worry about other matters, and the social departments of the old and new places will handle the transfer. As long as it is approved, Xiong Wei will receive a notice from the social security department of the newly insured place to complete the transfer within 45 working days.

There are two main aspects in the audit of social security department. First, whether it conforms to the provisions of the Interim Measures, for example, men over 5 years old and women over 4 years old cannot go through the transfer procedures; Second, whether there is arrears in the transfer, the social security department will handle the transfer procedures for the insured after the arrears are paid.