Can you take money out of your pension account?

Pension personal account money can be taken out.

Extracting the pension can be based on my actual situation to the local social security bureau to apply for the application, the materials required for the application generally include my ID card, application for withdrawal of insurance, payment of social security situation (pension book, medical insurance card) and so on.

It should be noted that the fees paid for pension insurance are managed by two accounts, one is the personal account into which the individual pays the pension insurance premiums, and the other is the co-ordinated account into which the unit pays the pension insurance premiums for the employee. If you need to withdraw money from your pension account, you can only receive the amount in the individual account for the part you have paid, while most of the money is in the integrated account.

The conditions for pension insurance contributions are as follows:

1. Age: Generally speaking, workers aged 16 and above and 60 and below are required to pay pension insurance premiums. However, the specific contribution age may be different in different regions and industries, and needs to be implemented according to local pension insurance policies and regulations;

2. Occupation: except for individual occupations, such as migrant workers, most occupations are required to pay pension insurance premiums, including enterprise workers, institutional staff, self-employed businessmen, and freelancers, etc.;

3. Working hours Workers who have participated in pension insurance are required to pay pension insurance premiums for the duration of their working hours until they reach the statutory retirement age or other stipulated conditions.

In summary, the pension insurance policies and regulations may vary in different regions and industries, and the specific contribution conditions and standards need to be implemented according to local policies and regulations. In addition, for some special cases, such as workers who cannot work normally due to illness or disability, they can make contributions or be exempted from making contributions according to the relevant local policies and regulations.

Legal basis:

The Social Insurance Law of the People's Republic of China

Article 4

Employers and individuals in the territory of the People's Republic of China shall, in accordance with the law, pay social insurance premiums, and shall have the right to inquire into the records of payment and individual rights and interests, and to request social insurance agencies to provide social insurance counseling and other related services. Individuals enjoy social insurance benefits in accordance with the law, and have the right to supervise the payment of contributions on their behalf by their own units.

Article 10

Employees shall participate in basic old-age insurance, and the employer and the employee*** shall pay the basic old-age insurance premiums together. Individual industrial and commercial households without employees, part-time workers who do not participate in basic pension insurance with their employing units, and other flexibly employed persons may participate in basic pension insurance and pay basic pension insurance premiums by themselves. The methods of pension insurance for civil servants and staff managed under the civil service law shall be prescribed by the State Council.