Social Security Administration pension update

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The basic pensions of the retirees of the coordinated units are socialized in accordance with the relevant national policies and regulations, and the monthly basic pensions are paid in accordance with the following procedures: First, on the 13th of each month, the information system of the Provincial Social Security Bureau generates the "Pension Disbursement Summary Table" of the current month, and the detailed data of the socialized distribution of pensions. Second, on the 14th of each month, the provincial social security bureau will disburse the funds for the month's payment to the financial institutions on behalf of the payment of pensions, and the financial institutions on behalf of the payment of pensions will account for the retirees' basic pensions for the month before the 20th of the same month according to the detailed data on the socialization of the payment of pensions provided by the provincial social security bureau, so as to ensure that the retirees will receive their basic pensions in full and on time for the same month. On the 20th of each month, the financial institutions that issue pensions on behalf of the provincial social security bureau will provide feedback to the provincial social security bureau on the detailed list of people who have not been issued successfully. From the 20th day of each month to the 5th day of the following month, each financial institution that issues pensions on behalf of retirees shall issue the basic pensions of those who have not been issued successfully for the second time according to the requirements. On the 5th day of the following month, for the funds that have not been successfully distributed after the second distribution, each financial institution that distributes pensions on behalf of the people shall return the deposited funds to the account of the pension fund of the provincial social security bureau in a timely manner in accordance with the regulations. Sixth, the provincial social security bureau on behalf of the pension financial institutions to clear the return of funds for data proofreading and collation, will meet the pension eligibility of the retirees of the month's basic pension allocated to the relevant units on behalf of the issuance.