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Social security card into retirement salary?
Because social security cards are generally used to buy medicines and see a doctor, and there are social security accounts and bank accounts in social security cards, they can be used as bank cards after activating financial functions and bank accounts. It is convenient and fast to use social security cards to issue pensions, so retirees can save a bank card and withdraw money by themselves, instead of waiting in line at the counter with a passbook to receive pensions.
Legal basis: Article 16 of the Social Insurance Law of People's Republic of China (PRC). Individuals who participate in the basic old-age insurance will receive the basic old-age pension on a monthly basis if they have paid a total of 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.
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