Enterprises in Hebei Province pay this month's pension every month 15 to 20. Before the 5th day of each month, the agencies at all levels shall formulate the expenditure plan of enterprise endowment insurance this month and report it to the provincial agencies step by step. Provincial institutions shall summarize the plans reported by the municipalities and apply to the provincial finance department for plans.

Before 10 of each month, the provincial financial department shall, according to the application of the provincial agency, review the payment plan and the balance of the expenditure households this month, and allocate the required funds from the provincial financial special account to the expenditure households of the provincial agency, and then the provincial agency fund will be allocated to the expenditure households of the municipal agency. Municipalities' agencies should ensure that the funds are allocated to the expenditure households of agencies in counties (cities, districts) before 15. At the end of the year, provincial agencies should return the balance of provincial expenditure households to the provincial financial accounts.

Before the 25th of each month, the agencies at all levels will report the summary information paid this month to the provincial agencies step by step, and the provincial agencies and the Provincial Department of Finance will keep accounts and calculate the fund expenditure accordingly.

There are the following differences between pension and retirement pension. Old-age pension refers to the social insurance benefits paid by the state in monthly or lump sum in the form of money according to the social insurance system according to the contribution to society and the qualifications or retirement conditions of workers after they are old or lose their ability to work, which is mainly used to protect the basic needs of employees after retirement.

Old-age insurance, the full name of "social basic old-age insurance", refers to a social security system established by the state and society in accordance with certain laws and regulations to solve the basic livelihood of workers after they reach the working age limit stipulated by the state and terminate their labor obligations or quit their jobs because of old age.

Paragraph 1 of Article 45 of the Constitution stipulates: "China people and citizens have the right to get material help from the state and society in case of old age, illness or incapacity to work."