Retirement pay into the social security card how to withdraw money

Retirement payroll into the social security card directly to the social security card belongs to the bank counter direct withdrawal. If the person chooses to go to the counter to withdraw money, inter-bank can not directly withdraw cash, only in the social security card marked on the bank counter withdrawal, if you go to the ATM with the UnionPay logo to withdraw money, no matter which bank can be directly withdrawn cash.

The pension can be claimed in the second month of the official retirement, and those who have completed the retirement formalities can receive the pension in the second month after that. However, there are other cases where the insured person has to wait for 5-6 months after the retirement formalities to receive the retirement pension. The main reason for the lag in the payment of pensions is the fact that the data on average social wages are not updated in time. The average social retirement salary for the first half of the year usually comes out in June. Therefore insured people who are about to retire in the first half of the year will have this problem, but of course the requirements may be a little different in different regions.

Medicare coverage begins in the thirteenth month after 12 months of payment, and continues for the thirteenth month, until the state retirement age, in order to enjoy lifelong health insurance. Maternity, industrial and commercial with medical insurance. Medical, maternity, and industrial and commercial insurance can make up for the first two months' contributions; if not, you have to pay continuously for more than 12 months before you can enjoy it. Pension and unemployment insurance are not eligible for retroactive payment of the first two months' fees, but the number of years paid will be retained.

Legal basis: Article 16 of the Social Insurance Law of the People's Republic of China

Individuals who have participated in basic old-age pension insurance and have made contributions for a total of fifteen years by the time they reach the legal retirement age will receive a basic pension on a monthly basis.

Individuals who have participated in basic old-age insurance and have contributed for less than fifteen years by the time they reach the statutory retirement age may contribute until they reach the full fifteen years and receive a basic pension on a monthly basis; they may also be transferred to the new type of rural social old-age insurance or the urban residents' social old-age insurance, and enjoy the corresponding old-age insurance treatment in accordance with the provisions of the State Council.