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Is the pension paid by social security card or bank card?
Legal analysis: Now the social security card of retirees must be put into it. There are two accounts in the social security card. The first account is a social security account and the second account is a bank account. Pensions are not deposited in social security accounts, but in bank accounts. Social security cards are widely used, easy to use and can enjoy many benefits, so the state vigorously promotes social security cards.
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 15 years when they reach the statutory retirement age.
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