Can I get a loan on my pension insurance?

Pension insurance can be a loan.

Families have difficulty paying social security outside of normal life, and there are also elderly people are about to enter retirement age, as long as the relevant conditions are met, you can apply to the government, for the program, the government will not directly out of the money, but will act as a guarantor, from the commercial banks, the loan amount is not too high, usually just a few tens of thousands of dollars.

And the money is not given out in cash. Rather, the bank directly helps the applicant pay social security. It can even be paid clearly at once. Wait until the applicant or family members reach retirement age and start to receive the pension. The bank will then return the reserve and interest on the loan, only for the applicant to start receiving the pension at this time

It should be noted that: the age of less than the age of retirement is not required to pay back this loan.

Expanded Information:

Main Features

One is legislated by the state, mandatory, business units and individuals are required to participate in, and those who are eligible for old age pension can receive a pension from the social insurance department.

The second is the source of pension insurance costs, generally by the State, units and individuals tripartite or units and individuals both **** the same burden, and to realize a wide range of social mutual aid.

Thirdly, old-age insurance is social in nature and has a great impact, with a large number of people enjoying it for a long period of time, and huge expenses. Therefore, it is necessary to set up a specialized agency to carry out modern, professional and socialized unified planning and management.

Through the establishment of the pension insurance system, is conducive to the replacement of the old and the new, to achieve the rationalization of the employment structure; for the elderly to provide a basic livelihood security, so that the elderly have a sense of security in old age, is an important measure to cope with the aging of the population, and is conducive to social stability; can motivate young people to strive for progress, raise the standard of wages, for the post-retirement life, and is conducive to the promotion of economic development from the side.

The problem of old age is not only a social problem, but also a global problem, which is related to the economic and civilization development of a country or a society, and requires us to pay enough attention to it. Because of the wide scope of the implementation of old-age insurance, the long period of time for the insured to enjoy the benefits, and the huge scale of cost income and expenditure, it is necessary for the government to set up a specialized agency to unify the legislation, rules, management and organization of implementation in the whole society.

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