Can occupational annuity be withdrawn? What conditions must be met?

Can occupational annuity be withdrawn? What conditions are met? Let’s take a look with me.

Occupational annuities can be withdrawn. If employees want to withdraw occupational annuities, they need to meet the following conditions:

1. Employees who immigrate abroad can apply for a one-time payment;

2. When employees reach the legal retirement age in my country At that time, and the retirement procedures are completed in accordance with the law, you can choose to receive it in one lump sum or pay it regularly;

3. After the death of an active employee or retiree, the occupational annuity can be withdrawn, and the legal heir shall present the inheritance relationship certificate and other documents or designation The beneficiaries receive all occupational annuities in one lump sum.

What are the benefits of occupational annuity?

As a unit benefit, occupational annuity has changed the status quo of the dual-track pension system and supplemented the pension insurance system. It is of great significance to promote the continuous and in-depth transformation of public institutions and the stabilization and diversification of income sources for the retirees of the institutions. For individuals, occupational annuities have lower transaction costs and relatively stable risk returns compared with pension funds, and have potential; for companies, occupational annuities can help retain and introduce outstanding talents, and improve the cohesion and competitiveness within the enterprise.