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How to withdraw money from social security card to receive pension?
I should provide my ID card, old-age insurance manual, personal application and other materials to the local social security bureau to receive a pension in the month of retirement. Social Security Bureau will transfer retirees' pensions into the pension passbook opened by retirees before accepting the next month 15, and retirees will collect them at bank outlets with the passbook.
Legal objectivity:
Article 15 of the Social Insurance Law 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. Article 16 of the Social Insurance Law: Individuals who participate in the basic old-age insurance will receive the basic old-age pension on a monthly basis when they reach the statutory retirement age and have accumulated contributions for fifteen years. 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.
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