Can the pension be withdrawn in one lump sum?

Whether the pension can be taken out at one time depends on the situation.

Occupational annuity can be received in one lump sum, but it must meet one of the following conditions: after retirement, buy commercial endowment insurance products in one lump sum and receive benefits on a monthly basis according to the insurance agreement; If you go abroad to settle down, you can pay it to me in one lump sum; If he dies while in office, the balance of his personal account of occupational annuity can be inherited. Enterprise annuity can also be withdrawn at one time, provided that it reaches retirement age; Workers emigrate; When an employee or retiree dies, the balance of his personal account can be collected by the designated beneficiary or legal heir; When employees lose their ability to work due to illness or disability. Under special circumstances, such as the death of the payer or immigration, the basic pension can be withdrawn.

Principles for calculating and distributing pensions:

1. Personal account deposit: refers to the endowment insurance premium paid by individuals and the interest generated;

2. Payment years: the accumulated payment years at retirement directly affect the calculation of pension;

3. Average payment index: reflecting the comparison between the individual payment level and the average level of all insured persons;

4. Social average wage: refers to the average monthly wage of local employees in the previous year, which is one of the bases for calculating pensions;

5. Substitution rate: refers to the contrast ratio between the pension level and the pre-retirement wage level, reflecting the degree of protection of old-age insurance;

6. Adjustment mechanism: The pension will be dynamically adjusted according to the price index, average wage growth and other factors.

To sum up, the one-time withdrawal of pension depends on different situations, including commercial insurance for occupational annuity, death while living or working abroad, retirement age of enterprise annuity, migration, death or loss of working ability, etc. Under special circumstances, such as the death of the payer or immigration, the basic pension can also be withdrawn.

Legal basis:

People's Republic of China (PRC) social insurance law

Article 43

If an individual dies, the balance of the individual account can be inherited according to law. If the balance of an individual account is returned to an individual, it shall be handled in accordance with the provisions of the State Council.