1. Individual application for refund: The insured person can apply for refund of the old-age insurance premium paid by submitting a written application to the old-age insurance institution with relevant supporting materials, such as ID card and copy of household registration book. The endowment insurance institution will verify the application and go through the refund formalities according to the relevant regulations.

2. Refund of insurance: When the insured person terminates insurance due to retirement age, death, going abroad to settle down or other special circumstances, the endowment insurance institution shall go through the refund formalities in accordance with relevant regulations. The insured or his heirs need to provide relevant certification materials, such as retirement certificate, death certificate, certificate of going abroad to settle down, etc. , so that the old-age insurance institutions can verify and handle the refund procedures.

3. Refund of pension fund balance: If the insured does not enjoy pension benefits after the payment expires, or the pension benefits are not enough to deduct the paid expenses, the pension insurance institution will return the pension fund balance of the insured to the insured or his successor. The insured person or his heir needs to apply to the endowment insurance institution and provide relevant supporting materials, such as bank account information, heir identity certificate, etc.

The difference between the basic old-age insurance for residents and the basic old-age insurance for urban workers;

1, and the protection objects are different. The basic old-age insurance for urban workers is to protect urban employment groups; The new rural insurance guarantees rural residents, while the social endowment insurance for urban residents guarantees urban non-employed residents.

2. The implementation intensity is different. The basic old-age insurance for urban workers is mandatory according to the provisions of national laws and regulations, and employers, employers and individual workers must pay in accordance with the prescribed payment base and proportion; The endowment insurance for urban and rural residents emphasizes government guidance, and the government subsidizes urban and rural residents to actively participate in the insurance.

3. The payment standard is different. The new rural insurance policy is "flexible", which is not available in the basic old-age insurance for urban workers.

4. Different financing structures. The fundraiser of the basic old-age insurance for urban workers is the employer. The main investor of the new rural endowment insurance is the government, which gives basic pensions to the elderly and subsidies to the young and middle-aged.

5. The overall planning mechanism is different. The payment of the employer of the basic old-age insurance for urban workers is included in the social insurance pooling fund, not included in the individual old-age insurance account. Therefore, if the insured pays by flexible employment, 60% of the individual contributions will be included in the social pooling fund, and only 40% will be credited to the personal account of my old-age insurance. However, the endowment insurance for urban and rural residents is not co-ordinated, and individual contributions, government subsidies, collective subsidies and subsidies from others are all credited to my personal account for endowment insurance.

6. The treatment plan is different. The pension benefits of employee pension insurance and social pension insurance for urban and rural residents are composed of basic pension and personal account pension, but their calculation and payment methods are different.

To sum up, the insured needs to prepare relevant materials, such as ID card, social security card and bank card. Secondly, fill in the refund application form, including personal basic information, reasons for refund, etc. Then, submit the completed form and related materials to the local social security bureau or the endowment insurance management institution. Next, it usually takes some time to wait for the audit. Once approved, the refund amount will be returned to the insured in the agreed way. If the audit fails, the insured may apply for reconsideration or bring an administrative lawsuit.

Legal basis:

People's Republic of China (PRC) social insurance law

Article 12

The employing unit shall pay the basic old-age insurance premium according to the proportion of the total wages of its 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.