The social security fund is converted into an investment fund by the relevant state and local administrative departments in accordance with the operating procedures allowed by the norms, also known as the "social security fund". Social security fund is different from social security fund, which comes from social security fund.
Social Security Fund is the abbreviation of National Social Security Fund, which refers to the social security fund which is managed by the central government and the National Social Security Fund Council, and consists of funds and equity assets allocated by the reduction of state-owned shares, funds allocated by the central government, funds raised by other means approved by the State Council and their investment income.
Social security funds are not open to individual investors. Social security fund is a part of the endowment insurance premium paid by the state to enterprises and institutions managed by professional institutions in order to maintain and increase the value.
The basic principle of social security fund investment operation is to realize the appreciation of fund assets on the premise of ensuring the security and liquidity of fund assets.
Under normal circumstances, the money in social security cannot be taken out, and it can only be taken out under the following special circumstances:
1, which can be withdrawn if the insured reaches the statutory retirement age but the payment period has not reached 15 years;
2. If the insured dies unexpectedly, his legal heir can inherit the balance of his account;
3. The insured goes abroad to settle down;
4. Rural household registration workers in other places can apply for individual contributions for pension insurance after leaving their jobs.
legal ground
People's Republic of China (PRC) Social Insurance Law Article 2 The state establishes social insurance systems such as basic old-age insurance, basic medical insurance, industrial injury insurance, unemployment insurance and maternity insurance to protect citizens' right to get material help from the state and society in the event of old age, illness, industrial injury, unemployment and maternity.
"People's Republic of China (PRC) Social Insurance Law" Article 26 The treatment standards of basic medical insurance for employees, new rural cooperative medical care and basic medical insurance for urban residents shall be implemented in accordance with state regulations.