How to get the pension out of the social security card?

Legal analysis: Before using social security card to issue pensions, newly-established retirees need to bring their social security card and ID card to the card-making bank to activate the financial account function before they can use it.

1. There are two accounts on the social security card, one is a personal medical insurance account, which can only be used in the designated medical institutions in Yantai, and cash cannot be withdrawn; The other is the ordinary financial account, into which the retirement pension will be transferred, and the cardholder can access it freely.

2. Since June 17 10 1, cooperative financial institutions have paid the first two inter-bank withdrawals (including cross-bank withdrawals in different places) to the cardholders of the Bank's pension social security card every month, without charging the insured. The amount of each withdrawal shall not exceed the daily withdrawal limit of ATM. At the same time, the social security cards issued by cooperative financial institutions are exempt from business expenses such as cash deposit and withdrawal and transfer in different places.

Legal basis: According to Article 15 of the Social Insurance Law of People's Republic of China (PRC), endowment insurance consists of overall pension and individual account pension. The basic pension is determined according to factors such as individual cumulative payment years, payment wages, average salary of local employees, personal account amount, average life expectancy of urban population, etc.

Sixteenth individuals who participate in the basic old-age insurance will receive the basic old-age pension on a monthly basis if they have accumulated contributions for 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. Article 58 An employing unit shall, within 30 days from the date of employment, apply to the social insurance agency for social insurance registration for its employees. If the social insurance has not been registered, the social insurance agency shall verify the social insurance premium it should pay. Employees-free individual industrial and commercial households who voluntarily participate in social insurance, part-time employees who do not participate in social insurance in the employing unit and other flexible employees shall apply to the social insurance agency for social insurance registration. The state establishes a national unified personal social security number. Personal social security number is a citizen's identity number.