Three ways to receive personal pension

There are usually three ways of endowment insurance, namely, fixed, fixed and one-off. That is to say, when people who participate in endowment insurance reach the specified age, they can receive endowment insurance according to the time limit specified by the unit, or receive it within the specified time, or receive their pension at one time. When can I get my pension? According to the law of China, the time for men and women to receive it is different. Generally, women are after 55 years old and men are after 60 years old.

Personal pension collection method:

1. Workers bring relevant materials to the social insurance administrative department to apply;

2. Then register, and then the pension will be credited to the account on time every month.

Pension conditions:

1, retired;

2. The payment period reaches 15 years.

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.

The basic old-age insurance is a social insurance system established and implemented by the state according to laws and regulations. Under this system, employers and workers must pay endowment insurance premiums according to law. After workers reach the retirement age stipulated by the state or quit their jobs for other reasons, social insurance agencies shall pay them pensions and other benefits according to law to ensure their basic livelihood. Basic old-age insurance, unemployment insurance, basic medical insurance, industrial injury insurance and maternity insurance together constitute the modern social insurance system, which is one of the most important types of insurance in the social insurance system.

Legal basis:

Article 1 of the Interim Measures of the State Council on Retirement and Resignation of Workers.

Workers of enterprises and institutions owned by the whole people, state organs and people's organizations who meet one of the following conditions shall retire:

(a) men over 60 years of age, women over 50 years of age, continuous service for ten years.

(2) Those who are engaged in underground, high altitude, high temperature, particularly heavy manual labor or other jobs harmful to health, and have reached the age of 55 for men and 45 for women, and have worked continuously for ten years. This provision also applies to grassroots cadres whose working conditions are the same as those of workers.

(3) The male has reached the age of 50, the female has reached the age of 45, and has worked continuously for ten years, and has been certified by the hospital and confirmed by the labor appraisal committee, and has completely lost the ability to work.

(four) work-related disability, proved by the hospital, and confirmed by the labor appraisal committee, completely lost the ability to work.