How to withdraw retirement annuity

Retirement extraction method of occupational annuity

There are generally two ways to withdraw occupational annuity retirement: one-time purchase of commercial pension insurance, receiving pension according to the insurance contract, or receiving pension monthly according to the number of pension months corresponding to retirement age.

The calculation of the number of months for occupational annuity pension is the same as that for social security pension. Generally speaking, when you retire at 60, the calculated months are 139 months, when you retire at 55, the calculated months are 170 months, and when you retire at 50, the calculated months are 195 months.

For example, when retiring, the occupational annuity account has a balance of 6,543,800 yuan, the retirement age is 60 years old, and the monthly occupational annuity pension is 765.438+09.42 based on 654.38+ 039 months.

Withdrawal of occupational annuity under special circumstances

There are two special circumstances in which you can withdraw all the balance of the occupational annuity account at one time. One is to emigrate and settle abroad, and the other is the death of the insured, which can be withdrawn by the heir at one time. It should be noted that the heir needs to pay inheritance tax when withdrawing the occupational annuity, and the tax rate of less than 60,000 yuan is 3%, and that of 654.38+10,000 yuan is 10%.

Occupational annuity extraction processing flow

1, one-time collection:

Prepare a written application, receive a one-time confirmation of employee occupational annuity treatment, immigration certificate or death certificate, household registration book, bank card and other materials, take the materials to the local social security agency, and go to the corresponding counter for processing. The staff will review the materials and pay them to the designated account once the review is successful.

2. Monthly receipt:

When users who have paid occupational annuities apply for personal retirement, the system and the handling unit will automatically check the monthly pension payment according to the payment of social security and occupational annuities. We only need to confirm the collection account, and we can receive our pension and occupational annuity at the stipulated time of pension payment.

Proportion of occupational annuity payment

Paying the occupational annuity is more secure for your own pension, so if you work in a public institution, you can choose to pay the occupational annuity yourself. General companies pay 8% of the total wages and individuals pay 4%. Individuals can pay according to the situation, which is subject to local policies.

Legal basis:

Measures for occupational annuities of government agencies and institutions The occupational annuity expenses shall be shared by the unit and individual employees. The proportion of occupational annuity paid by the unit is 8% of the total wages of the unit, and the proportion of individual contribution is 4% of the wages paid by the unit, which is withheld and remitted by the unit.