Can I withdraw my personal pension account?

You can withdraw money from your personal pension account.

I can apply to the local social security bureau according to my actual situation. The materials required for application generally include my ID card, application for surrender, and social security payment (pension passbook, medical insurance card).

It should be noted that the expenses paid by endowment insurance are managed by two accounts, one is the personal account paid by individuals, and the other is the overall account paid by the unit for employees. If you need to withdraw money from the pension account, you can only receive the amount paid by the individual in the personal account, most of which is in the overall account.

The methods for extracting individual accounts of endowment insurance are as follows:

1. Receive on time: When employees reach the statutory retirement age or other prescribed conditions, they can apply to the local social security department for receiving pension insurance benefits. When receiving pension insurance benefits, the pension in the personal account is automatically included in the benefits and is not extracted;

2. Withdrawal before retirement: If employees need to use the pension part in their personal accounts of pension insurance before retirement, they can apply to the local social security department for withdrawal, and provide relevant supporting materials, such as ID card, work permit and application form. After examination, the pension part in the personal account of endowment insurance can be extracted;

3. Withdrawal under special circumstances: In some special circumstances, employees can also apply to the local social security department for withdrawal, such as suffering from major diseases and particularly serious natural disasters. After examination, they can withdraw the pension from the personal account of the old-age insurance. It should be noted that the specific standards and procedures for receiving pensions may be different in different regions and under different circumstances.

To sum up, the pension part in the personal account of pension insurance can only be used for specific purposes, such as buying commercial pension insurance and housing. , the specific use should be implemented in accordance with national and local regulations. Employees should understand and abide by the relevant regulations when receiving pensions.

Legal basis:

Article 14 of the Social Insurance Law of People's Republic of China (PRC)

Personal accounts shall not be withdrawn in advance, and the bookkeeping interest rate shall not be lower than the bank time deposit interest rate, and interest tax shall be exempted. If an individual dies, the balance of the individual account can be inherited.

Article 15

The basic pension consists of overall pension and individual account pension.

The basic pension is determined according to factors such as individual cumulative payment years, payment wages, average salary of local employees, personal account amount, average life expectancy of urban population, etc.