Personal pension account collection conditions

The conditions for receiving an individual pension account are as follows:

1. 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 paid for fifteen years;

2, to participate in the basic old-age insurance, individuals reach the statutory retirement age to pay less than fifteen years, you can pay for fifteen years, and receive a monthly basic pension;

3, 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.

The extraction method of pension:

1. The first type: for those who retire at retirement age, after paying the fees in the month of their age, the specialized personnel of the enterprise will go to the High-tech Personnel, Labor and Social Security Bureau with their personal files and payment records, and then fill out the retirement approval form according to the retirement approval form printed by the High-tech Social Security Center, and they can start to receive the pension the next month;

2. The second type: I need to apply for early retirement for special jobs. Not less than one week after the publicity of the enterprise unit, in addition to providing the information needed for normal retirement, I should also go through the retirement procedures with my application and publicity results before I can start to receive pensions;

3. The third type: those who retire early due to illness need to go through the preliminary examination of the High-tech Personnel, Labor and Social Security Bureau, report to the Municipal Labor Appraisal Committee for physical examination, and go through the retirement procedures according to the approved time before they can start to receive pensions;

4. The old-age insurance for urban workers requires the insured to pay a total of 15 years before the statutory retirement age, and then they can receive the pension according to the regulations after retirement; The old-age insurance for urban and rural residents requires the insured to pay accumulated contributions 15 years before the age of 60, and can only receive the pension after the age of 60.

To sum up, when the individual pension fund account meets the prescribed conditions for receiving, you can choose to receive the individual pension on a monthly basis, by stages or at one time, and the funds collected will usually be collected into your own social security card account.

Legal basis:

Article 16 of People's Republic of China (PRC) Social Insurance Law

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.