What kind of money is paid to retirees by social insurance in Otog Banner?

According to relevant information, the inquiry shows that the pension is for retirees. Paying social security on behalf of banks means that banks pay social security fund funds instead. The endowment insurance fund is not directly paid to individuals by the Social Security Bureau. At present, the endowment insurance fund is managed by the bank, and the local social security agency designates the agent bank to pay it to the retirees' bank card on time and in full every month.