How to take out the pension fund?

The specific operation process of pension fund collection is as follows:

1, apply for retirement. Workers apply for retirement in their work units or social insurance institutions, and provide relevant supporting materials, such as identity cards and social security cards;

2. Calculate the pension. Units or social insurance institutions will calculate the amount of pension they should receive according to the payment of employees and relevant policies and regulations;

3. receive a pension. Workers can receive pensions at designated banks or social security centers.

Pension fund refers to the fund jointly paid by employees and employers to ensure the basic life and social security of employees after retirement. In China, the conditions for receiving pension funds are generally as follows:

1, reaching the statutory retirement age: According to the Social Insurance Law of People's Republic of China (PRC), the statutory retirement age for male employees is 60 years old and that for female employees is 55 years old. Workers who reach the statutory retirement age can apply for pension funds;

2. Pay social security 15 years: employees need to have a certain social security payment period when they retire to receive pension funds. Generally speaking, employees are required to reach the minimum payment period, and the standard of this period may vary from place to place;

3. Have participated in basic old-age insurance before retirement: Only those who have participated in basic old-age insurance before retirement can receive pension funds. If you don't participate in the basic old-age insurance, you can't receive the pension fund.

To sum up, the pension fund policies in different regions and industries may be different, which needs to be specifically understood according to local regulations. At the same time, when enjoying the pension fund treatment, we also need to make choices and decisions according to our actual situation and needs, so as to avoid affecting our quality of life because the pension amount is too low or the way of receiving it is improper.

Legal basis:

Article 11 of the Social Insurance Law of People's Republic of China (PRC)

The basic old-age insurance combines social pooling with individual accounts. The basic old-age insurance fund consists of employers, individual contributions and government subsidies.

Article 12

The employing unit shall pay the basic old-age insurance premium according to the proportion of the total wages of its employees stipulated by the state, and record it in the basic old-age insurance pooling fund. Employees shall pay the basic old-age insurance premium in accordance with the proportion of wages stipulated by the state and record it in their personal accounts. Individual industrial and commercial households without employees, part-time employees who have not participated in the basic old-age insurance in the employing unit and other flexible employees who have participated in the basic old-age insurance shall pay the basic old-age insurance premiums in accordance with state regulations and record them in the basic old-age insurance pooling fund and individual accounts respectively.

Article 13

Before employees of state-owned enterprises and institutions participate in the basic old-age insurance, the basic old-age insurance premiums payable during the payment period shall be borne by the government. When the basic old-age insurance fund is insufficient to pay, the government gives subsidies.