How to pay the occupational annuity after retirement of government agencies and institutions?

After retirement, the occupational annuities of government agencies and institutions are paid in the following ways:

1, after retirement, buy commercial endowment insurance products at one time, and then receive monthly benefits according to the insurance agreement;

2. After retirement, choose to plan and pay according to the number of months corresponding to retirement until it is completed;

3. If you live abroad, you can pay me in one lump sum;

4. If he dies while in office, his personal account balance of occupational annuity can be inherited.

The payment method of occupational annuity after retirement is as follows:

1, retirees can choose to receive the principal and income of occupational annuity in one lump sum, or they can choose to receive the pension of occupational annuity on a monthly basis until their death;

2. The payment standards and payment methods of occupational annuities shall be formulated by government agencies and institutions according to the relevant provisions of the state, and the occupational annuities received by employees shall not be lower than the pension level of retirees of local enterprises;

3. When retirees receive occupational annuities, they need to provide relevant supporting materials, such as retirement certificates, ID cards and bank cards.

To sum up, the issuance of occupational annuities is a responsibility of institutions. Retirees do not need to apply for occupational annuities at the Social Security Bureau or other places, but go to the personnel department or financial department of their unit to go through the formalities for receiving occupational annuities.

Legal basis:

Article 9 of the Measures for Occupational Pensions of State Organs and Institutions in People's Republic of China (PRC).

Meet one of the following conditions, you can receive an occupational annuity:

(1) After the staff meets the retirement conditions stipulated by the state and goes through the retirement formalities according to law, I choose the method of receiving the occupational annuity treatment on a monthly basis. It can be used to purchase commercial endowment insurance products at one time, receive treatment according to the insurance contract and enjoy the corresponding inheritance rights; You can choose to calculate the monthly treatment standard of occupational annuity according to the number of months corresponding to my retirement, and the balance of personal account of occupational annuity also enjoys the right of inheritance. I won't change after I choose any payment method.

(two) the funds in the personal account of the occupational annuity for overseas residents can be paid to me in one lump sum according to my requirements.

(3) If a staff member dies while in office, the personal account balance of his occupational annuity can be inherited.