欢迎访软银财务官网
2022-10-24

How does a foreigner access pension money if leave China?

How does a foreigner access this money if  he/she quit and leave China?


According to the article 5 in Interim Measures for Social Insurance System Coverage of Foreigners Working within the Territory of China, for a foreigner who leaves China before reaching the statutory pension age, the social insurance individual account shall be retained, and shall be renewed on acumulative basis when the person returns to work in China. Alternatively, upon written application for closing the social insurance account from the person, the proceeds in the social insurance individual account can be paid lump-sum to the said person.


How does the portion contributed by an employee & employer for a certain employee deposit into the person's social insurance individual account?


The portion contributed by employer is not deposited into the employee's insurance individual account, the portion contributed by employee is deposited into the employee's insurance individual account.


#Foreigner Pension# Foreign Social Insurance


wcx@ruanyinchina.com

86-189 1629 8482


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