How to handle personal pension?

Migrant workers who have no work units or flexible employees who start their own businesses should bring their own registered permanent residence and ID cards, and the social security bureau in which district should handle the registered permanent residence. You can also choose to apply for residents' medical insurance in the same area as the old-age insurance. To apply for individual endowment insurance, you should go to the local social insurance agency for social insurance registration. The parties concerned shall apply to the local social insurance agency for social insurance registration, and provide their household registration book and identity card, as well as other corresponding documents and certification materials. If the social insurance agency meets the registration requirements after examination, it shall register the basic old-age insurance for the parties concerned and inform the parties that they shall pay the basic old-age insurance premium on a monthly basis. The parties may directly pay the basic old-age insurance premium to the social insurance premium collection agency. If the local social security bureau has opened the online payment channel, the parties may also pay the basic old-age insurance premium on the designated website.

Legal basis: People's Republic of China (PRC) Social Insurance Law.

Eleventh basic old-age insurance to implement the combination of social pooling and individual accounts. The basic old-age insurance fund consists of employers, individual contributions and government subsidies.

Article 12 The employing unit shall pay the basic old-age insurance premium according to the proportion of the total wages of employees stipulated by the state and record it in the basic old-age insurance pooling fund. Employees shall pay the basic old-age insurance premium in accordance with the proportion of wages stipulated by the state and record it in their personal accounts. Individual industrial and commercial households without employees, part-time employees who have not participated in the basic old-age insurance in the employing unit and other flexible employees who have participated in the basic old-age insurance shall pay the basic old-age insurance premiums in accordance with state regulations and record them in the basic old-age insurance pooling fund and individual accounts respectively.

Thirteenth employees of state-owned enterprises and institutions to participate in the basic old-age insurance, the basic old-age insurance premium should be paid by the government during the payment period. When the basic old-age insurance fund is insufficient to pay, the government gives subsidies.