Employees receive pension insurance in the area where employees apply for retirement. If employees have paid social security in Wuhan City for more than 15 years and reached retirement age at the same time, they can go through retirement procedures in Wuhan City, then employees should Receive pension insurance benefits in Wuhan City.
Employees can also transfer social security to the place of their household registration before retirement, and then handle the retirement follow-up in the place of their household registration, so that the pension insurance benefits can be collected at the place of their household registration.
Social security transfer process:
(1) After the insured person establishes a basic pension insurance relationship and pays premiums in accordance with the regulations in the new place of employment, the employer or the insured person will transfer the insurance to the new insured person. The local social security agency submits a written application for the transfer and continuation of the basic pension insurance relationship.
(2) The social security agency in the new insured place will review the transfer and continuation application within 15 working days. For those who meet the conditions specified in these measures, the social security agency in the place where the insured person’s original basic pension insurance relationship is located will be The handling agency will issue a letter of acceptance and provide relevant information; if the conditions for transfer and continuation are not met, a written explanation will be given to the applicant or insured person.
(3) The social security agency where the original basic pension insurance relationship is located shall complete all procedures for transfer and continuation within 15 working days after receiving the acceptance letter.
(4) After receiving the basic pension insurance relationship and funds transferred from the social security agency in the place where the insured person’s original basic pension insurance relationship is located, the agency in the new insured place shall, within 15 working days Complete relevant procedures and notify the employer or insured person of the confirmation in a timely manner.
(5) The pension insurance payment period is calculated cumulatively, and gaps are allowed in between, which can be made up or not.
Procedure for handling retirement procedures:
1. Make an appointment at the service hall of the Social Security Service Center, and queue up according to the appointment time and window to go through the retirement review procedures;
2. Arrive The window set up by the Human Resources and Social Security Bureau handles retirement approval procedures.
3. If you meet the retirement conditions after being approved by the Human Resources and Social Security Bureau, please bring the retirement approval form and your ID card to the personal payment window to modify the basic information and confirm the payment status.
4. Go to the designated bank to apply for a pension debit card.
5. At the end of the next month after completing the retirement procedures, go to the Fund Review Section of the Social Security Bureau to receive the "Basic Pension Benefit Calculation Form".
"Social Insurance Law"
Article 16: Individuals participating in basic pension insurance who have made cumulative contributions for fifteen years when reaching the statutory retirement age shall receive a basic pension on a monthly basis.
Individuals participating in basic pension insurance who have paid less than fifteen years of cumulative contributions when reaching the legal retirement age can pay for fifteen years and receive a basic pension on a monthly basis; they can also transfer to a new rural social pension system Insurance or social pension insurance for urban residents, and enjoy corresponding pension insurance benefits in accordance with the provisions of the State Council.
Article 19 If an individual is employed across a coordinating area, his or her basic pension insurance relationship will be transferred with the individual, and the years of payment will be calculated cumulatively. When an individual reaches the statutory retirement age, the basic pension is calculated in segments and paid uniformly. The specific measures by the State Council.
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