How to take out the money of the pension account

Current policy, only foreign rural households leaving, with the unit's certificate of departure, surrender application, ID card, social security card, etc. can apply for pension insurance surrender procedures, refund the amount of personal account, the company to pay can not be refunded; urban households can not be surrendered in the middle of the insurance.

The way you take money out of your pension account depends on the type of pension and the specific situation. For social pension insurance (social security), the withdrawal process usually includes:

Apply for a pension when you reach the legal retirement age (usually 60 for men and 55 for women) and have paid contributions for 15 years.

Prepare the necessary documents such as ID card, social security card and bank card.

Go to your local social security office or designated bank counter to complete the withdrawal procedures, fill out the relevant forms and submit your documents.

After approval, the pension will be released to the designated bank account.

For commercial pension insurance, the method of withdrawal depends on the specific terms of the insurance contract. Generally speaking, you can apply to the insurance company to receive the pension after meeting the conditions stipulated in the contract, such as maturity, retirement, disability and death.

In addition, in some specific cases, such as the death of a retiree before retirement, his relatives can receive the personal account portion; death after retirement, even if it is only for 1 month, can no longer receive the personal portion. For personal pension accounts (e.g. personal pension account in CITIC Bank App), the withdrawal process may include logging in to the corresponding mobile app, checking the account balance, contacting customer service to learn about the withdrawal conditions, and making a withdrawal if the conditions are met. It should be noted that the withdrawal conditions may include reaching a specific age, meeting the minimum number of years of contributions, etc.

Personal account pension is a personal savings during the working period for retirement, is an important part of the basic pension insurance treatment, then, pension insurance money can be taken out? I said, according to the policy, before reaching the age of entitlement, shall not terminate the basic pension insurance relationship and handle the withdrawal procedures. Of course, there are some special circumstances, you can still apply for pension insurance withdrawal and take out the money in a lump sum. We can selectively see if we are in line with:

1, reached the retirement age, did not meet the conditions of 15 years of contributions (personal account savings amount all paid);

2, the participant died for some reason;

3, the participant went abroad to settle down;

4, the death of the individual account after retirement, there is still a balance of the case of these kinds of, it is You can apply for a refund, but the success or failure of the application depends on the relevant policies of each place.

Summary of the above is the editor of the pension account how to take out the money to make the relevant answer, I hope to help you.

Legal basis

The People's Republic of China *** and the State Social Insurance Law, Article 10, employees should participate in the basic pension insurance, by the employer and the employee *** with the payment of basic pension insurance premiums. Individual industrial and commercial households without employees, part-time workers who do not participate in basic pension insurance with their employers, 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 members administered under the civil service law are prescribed by the State Council.

Article 11 of the Social Insurance Law of the People's Republic of China (P.R.C.) states that basic old-age insurance shall be a combination of social coordination and individual accounts. The basic pension insurance fund consists of contributions from employers and individuals and government subsidies.

Article 12 of the Social Insurance Law of the People's Republic of China stipulates that employers shall pay basic pension insurance premiums in accordance with the State's regulations on the proportion of the total wages of employees in the employer's organization, which shall be credited to the basic pension insurance fund. Employees shall pay basic pension insurance contributions in proportion to their own wages as prescribed by the State, which shall be credited to their individual accounts. Individual industrial and commercial households without employees, part-time workers who do not participate in basic pension insurance with their employers, and other flexibly employed persons who participate in basic pension insurance shall pay basic pension insurance premiums in accordance with the state regulations, which shall be credited to the basic pension insurance general fund and individual accounts respectively.

Article 13 of the Social Insurance Law of the People's Republic of China (PRC) states that before employees of state-owned enterprises and institutions participate in basic old-age insurance, the basic old-age insurance premiums payable during the period of deemed contributory service shall be borne by the government. The government subsidizes the basic pension insurance fund when there is a shortfall in payment.