Payment method of enterprise annuity

There are generally two ways to pay enterprise annuity, one-time payment and installment payment. Details are as follows:

1. One-time collection refers to paying the full amount of enterprise annuity to employees at one time after retirement. This method is suitable for some people who need a lot of money after retirement, but not for those who need long-term old-age security;

2. Receiving by installments means that after employees retire, the amount of enterprise annuity is paid to employees by installments at certain time intervals, such as once a month, once a quarter or once a year. This way can ensure that employees have a stable source of income after retirement.

An enterprise annuity can be withdrawn in one lump sum, and one of the following conditions must be met:

1, when reaching retirement age, employees can receive it in one lump sum or by stages;

2. Employees who immigrate can receive it in one lump sum;

3. Employees who have lost their ability to work due to illness or work-related disability may apply for one-time or installment payment;

4. If he dies before leaving his post, the heir may apply for a lump sum.

Enterprise annuity needs to meet one of the following conditions:

1, when reaching retirement age, employees can receive it in one lump sum or by stages;

2. Employees who immigrate can receive it in one lump sum;

3. Employees who have lost their ability to work due to illness or work-related disability may apply for one-time or installment payment;

4. If he dies before leaving his post, the heir may apply for a lump sum.

The collection method of enterprise annuity is as follows:

1. Employees need to contact the enterprise annuity human resources department of their own company first, and then need to provide the account name, account number, bank and other information of the collection account. There are no special requirements for banks, but some units will require employees to provide accounts of designated banks for their own internal management needs. Finally, it is completed by the unit and the enterprise annuity management institution. Generally, it is not necessary for employees to contact the enterprise annuity management institution directly.

2. When applying for enterprise annuity treatment, due to retirement or total loss of working ability, you can choose to receive it in one lump sum, quarterly or monthly installments, or you can buy commercial endowment insurance. Therefore, employees need to determine a way to receive benefits, and then receive commercial endowment insurance benefits according to the insurance contract.

3. Under normal circumstances, if the user wants to receive the enterprise annuity, he can handle the relevant business according to the above steps. When the conditions for receiving the enterprise annuity are met, the user can receive the enterprise annuity according to the process. Moreover, those who settle abroad can receive enterprise annuity treatment at one time. When the enterprise annuity or occupational annuity unit payment is included in the personal account, the individual will not pay personal income tax temporarily.

To sum up, the enterprise annuity is not received for life. The ways of receiving enterprise annuity can be divided into one-time collection, regular collection and installment collection, and employees can choose the way of receiving enterprise annuity according to their own needs. Enterprise annuity advocates monthly payment, so as to really play the role of pension supplement.

Legal basis:

Article 12 of the Trial Measures for Enterprise Annuities

When employees reach the retirement age stipulated by the state, they can receive enterprise annuities in one lump sum or on a regular basis from their personal accounts. Employees who have not reached the retirement age stipulated by the state may not withdraw funds from their personal accounts in advance. The funds in the personal account of enterprise annuity of overseas residents can be paid to me in one lump sum according to my requirements.