How to receive social security payments?

Legal analysis: one month before the insured reaches the legal retirement age (special type of work, early retirement due to illness requires three months' application for review or labor ability appraisal), the insured or the social security administrator of his unit shall submit the relevant information of retirement application to the social security agency. If the information provided by the insured is audited by the social security agency and meets the conditions for receiving monthly benefits, the employee retirement certificate will be issued, and the basic pension will be issued monthly from the next month. After receiving the employee retirement card 15 days, the insured person will bring his ID card, social security card and retirement card to the designated bank to apply for a pension debit card, and provide an account to the social security agency. The social security department will transfer the pension to your designated account every month according to the regulations.

Legal basis: Article 16 of the Social Insurance Law of People's Republic of China (PRC). Individuals who participate in the basic old-age insurance will receive the basic old-age pension on a monthly basis if they have paid a total of fifteen years when they reach the statutory retirement age. Individuals who participate in the basic old-age insurance and pay less than fifteen years when they reach the statutory retirement age can pay for fifteen years and receive the basic pension on a monthly basis; Can also be transferred to the new rural social endowment insurance or urban residents' social endowment insurance, enjoy the corresponding pension insurance benefits in accordance with the provisions of the State Council.