The two insured units are not in the same place. Generally, the old-age insurance of the current work unit is retained, and you can apply for the return of the old-age insurance locally. The cost of this return is generally paid by the individual.
Insurance transfer. It is to transfer the old-age insurance handled by the original unit to the old-age insurance institutions in the two unconnected areas where the new work unit is located. It is necessary to go through the relevant formalities in the original unit, stamp the endowment insurance manual and payment list, and issue a business transfer letter.
Handlers need to prepare duplicate labor contracts, payrolls (if any), recruitment forms, employee rosters and other materials to prove labor relations, and copy and stamp them to indicate the source. With the original and photocopy of the ID card, the unit applies in writing, and I fill in the Application Form for Repeated Payment Refund (relevant materials of the original social security unit are required in different places) and apply to the social security agency.
Return is divided into two parts. If it involves personal refund and does not need to be transferred to the fund, it can receive refund and materials after approval. If you need to return it to the fund, you should also provide your account or passbook in the four major state-owned banks.
Article 11 of the Insurance Law of People's Republic of China (PRC) implements the combination of social pooling and individual accounts in the basic old-age insurance of social countries.
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.