What are the extraction conditions of enterprise annuity?

The extraction conditions of enterprise annuity are mainly as follows:

I. Retirement

After reaching the statutory retirement age stipulated by the state, employees can apply for withdrawal of enterprise annuity, and employees who retire early due to illness or injury that meet the requirements of the social security department can also withdraw enterprise annuity. At present, the retirement ages of female workers, female cadres and male workers in China are 50 years old, 60 years old, 45 years old and 50 years old respectively.

Second, immigration.

If employees plan to settle abroad, they can also apply for withdrawal of enterprise annuity. The management organization of enterprise annuity needs to pay the enterprise annuity into the employee account in one lump sum according to the requirements of employees. Employees can go through the corresponding collection procedures before emigration, or entrust an agent to help them receive the enterprise annuity after emigration. However, in this case, in addition to providing immigration proof materials, it is also necessary to prepare corresponding agency materials. In some areas, a power of attorney is also required.

Third, death.

If an employee dies during his/her employment or after retirement, the balance of his/her personal enterprise annuity account can be collected in one lump sum by the legal heir or designated beneficiary of the employee.

Employees or their families with enterprise annuities can withdraw their annuities as long as they meet any of the above conditions. It should be noted that once the method of receiving enterprise annuity is determined to be monthly, it cannot be changed, and it cannot be received at one time unless it dies or emigrates.

What is an enterprise annuity?

Enterprise annuity is a supplementary pension insurance system voluntarily established by enterprises and their employees on the basis of participating in employee pension insurance. If you want to participate in the enterprise annuity, you need to sign a labor contract with the employer and pass the probation period. At the same time, it is necessary to participate in the basic old-age insurance for urban workers according to law and fulfill the corresponding payment obligations.