Surrender usually has the following two situations:
(1) rural hukou
If you choose to settle the personal account of endowment insurance when you leave your job, you can return the accumulated amount of personal account (personal payment and interest) to yourself at one time, and at the same time clear the payment record, and recalculate the payment period according to the new insurance.
(2) Urban hukou
Under normal circumstances, it cannot be liquidated. Only the following three special circumstances can be liquidated:
1, who has reached the statutory retirement age, but has not reached the accumulated payment 15 years, can apply for a one-time liquidation of the accumulated amount of the individual account of endowment insurance and return it to himself.
2. Unfortunately died before retirement, and the accumulated amount of personal account of endowment insurance can be liquidated at one time. This part can be inherited, that is, received by the legal heir.
3. If a person dies after retirement, the amount of his personal account has not been collected, and the balance can be liquidated at one time and collected by the legal heir.
Characteristics of endowment insurance
Social endowment insurance, the full name of social endowment insurance, consists of basic pension paid by social pooling fund and personal account pension. It is an important part of the social security system and one of the five most important social insurances. It is a social insurance system established by the state and society according to certain laws and regulations to solve the basic life of workers who reach the working age limit stipulated by the state or quit their jobs because of old age.
It is legislated and enforced by the state, and all enterprises, units and individuals must participate. Those who meet the conditions for receiving a pension can receive a pension from the social insurance department; The sources of social endowment insurance funds are generally shared by the state, units and individuals, or by units and individuals to achieve extensive social mutual assistance; Because of its strong sociality, great influence, large number of people enjoying it for a long time and huge cost, it is necessary to set up special institutions to implement unified planning and management of modernization, specialization and socialization.
Legal basis:
People's Republic of China (PRC) social insurance law
Eleventh basic old-age insurance to implement the combination of social pooling and individual accounts. 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.
Thirteenth employees of state-owned enterprises and institutions to participate in the basic old-age insurance, the basic old-age insurance premiums payable during the payment period shall be borne by the government. When the basic old-age insurance fund is insufficient to pay, the government gives subsidies.