How to deal with Chinese individual accounts of endowment insurance in case of going abroad or settling down abroad

If an individual leaves China and settles down before meeting the statutory basic pension conditions, his or her personal account shall be retained.

When meeting the statutory pension conditions, the individual shall enjoy the corresponding pension insurance benefits in accordance with the policy of the state.

For those who leave the country, it is allowed to apply in writing to terminate the basic endowment insurance account after the departure.

After receiving the application, the social insurance bureau shall inform in writing of its right to retain the individual account and the consequences of terminating the employee’s basic endowment insurance account.

After confirmation, it shall terminate the employee’s endowment insurance account and get a one-time payment stored in the individual account.

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