Pensions are paid through banks. How does the Social Security Bureau cooperate with banks?

This is the same as paying employees according to the bank, because now all our savings are operated through financial institutions. Although our currency users are not financial institutions, financial institutions are also our big butlers. Let me share my personal opinion with you.

When we retire, financial institutions will handle a bank card for us by the way, which is actually the same as when we handed it over to the social endowment insurance bank in the age of endowment insurance. When we receive the endowment insurance savings card, we use the staff of the Social Security Bureau to upload my identity information for processing. Before applying for a pension credit card, the Social Security Bureau needs to sign a pension service delivery agreement with the bank. The financial institution that evaluates the contract is actually the cooperative bank of the social security institution. You can collect and remit social endowment insurance and issue endowment insurance on your behalf. Even if the social endowment insurance should be collected by the tax department now, it needs to be collected and remitted by the bank.

Naturally, at present, pension insurance premiums in many areas are paid to individual social security cards, but social security cards are bound to banks and banks that have signed cooperation contracts with social security institutions. Such financial institutions are usually large local state-owned banks, such as rural commercial banks and postal banks in backward areas, because these two insurance companies have service outlets in rural towns, while Industrial and Commercial Bank of China and China Construction Bank are major in urban and rural areas. Financial institutions that issue pensions are all banks that handle social security cards. They only need to apply for social security cards for local insured personnel. In this way, even if the business process of issuing pensions on behalf of financial institutions is completed, it is also a big business process for banks to issue pension insurance on their behalf, and they are all potential stocks that banks compete for.

Financial institutions hope that agents will provide old-age insurance for retired employees, and social security agencies or social insurance funds will set up old-age insurance expense accounts in financial institutions. They will deposit two to three months' cash savings in this account for the payment of old-age pensions, so financial institutions can also make capital turnover through this large sum of money to increase the bank's capital operation pool, and social security funds can also obtain relatively fixed income through bank financing. On the pension collection day, as long as the list of pensions received by social security institutions is sent to financial institutions, or the list of pensions received and adjusted is transmitted to financial institutions, financial institutions will distribute it to retired employees within the specified time and inform them by SMS.

The relevant regulations on the pension payment date are different across the country, but the basic needs are paid on time. For example, in Chongqing, the pension payment period is 18 per month. If the pension is paid in advance instead of delayed on holidays, the staff of the Social Security Bureau and the bank staff will audit the accounts on time, and check the service quality of the bank and whether it is handled according to the relevant operating steps. The conclusion of annual inspection is the most basic basis for improving bank work and deepening cooperation. Because the birthday cake for receiving pensions is very big, banks are very careful in this work. If the retired workers have not found the phenomenon that the old-age insurance money has arrived in the account for one or more months, they must contact the staff of the bank or social security agency in time to find out the reasons. The main reason may be that retirement survival certification has not been carried out for a long time. In this case, we must do retirement survival certification in time.

Generally speaking, endowment insurance is issued by banks, which is a way for social security institutions to cooperate with banks. It's the same operation as the on-the-job salary paid to us by the bank. Only the main unit of wages has changed from the original enterprise to the social security bureau, wages have become endowment insurance, and the issuing unit is a financial institution.