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Where to collect the enterprise annuity

Where to collect enterprise annuity

Enterprise annuity is a kind of welfare issued by enterprises to their employees when they retire or meet certain conditions, and it is usually collected at social security bureaus or enterprise annuity management organizations.

I. Where to get it

Social Security Bureau: The enterprise annuity is a kind of supplementary pension insurance paid by the enterprise for the employees, which is managed by the Social Security Bureau. When employees retire, they can bring relevant documents to the local social security bureau to receive the enterprise annuity.

Enterprise annuity management organization: Some enterprises will choose to hand over the annuity to a professional annuity management organization for management. Employees can receive their enterprise annuity through this organization when they retire or meet the conditions for receiving it.

The process of receiving an annuity

Submitting an application: Before retiring, an employee needs to submit an application for receiving an enterprise annuity to the enterprise or the social security bureau, and provide relevant documents and information.

Reviewing information: The enterprise or social security bureau will review the application and information submitted by the employee to ensure that the employee meets the conditions for receiving the pension.

Collecting the annuity: After the audit is approved, the employee can collect the enterprise annuity at the designated collection place. If you choose to receive the pension by bank transfer, you need to provide your personal bank account information.

In summary, the enterprise annuity can be collected at the social security bureau or enterprise annuity management organization. Employees need to submit applications and provide relevant documents and information in accordance with the stipulated procedures, and can receive the enterprise pension after the examination and approval.

Legal basis:

Article 16 of the Law of the People's Republic of China on Social Insurance stipulates that: 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 shall 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 legal retirement age may contribute until they reach the full fifteenth year and receive a monthly basic pension; 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.

Article 12 of the Trial Measures for Enterprise Annuities stipulates that when an employee reaches the retirement age specified by the state, he or she may receive an enterprise annuity from his or her enterprise annuity personal account at one time or at regular intervals. Employees who have not reached the retirement age stipulated by the state shall not withdraw funds from their individual accounts in advance. The funds in the individual account of the enterprise annuity of the person who has left the country for settlement may be paid to him/her in a lump sum upon his/her request.