The contribution ratio for occupational annuities in public institutions is 8% of the total amount borne by the unit, and 4% by individuals.

This part of the fee can be collected monthly after retirement.

The contribution of this part of the fund is also voluntary. As long as you pay it, you can enjoy the corresponding benefits after retirement.

Advantages of occupational annuities: 1. Compared with other forms of pensions, occupational annuities can not only reflect the advantages of professional investment management potential, but also combine transaction costs with better risk and return.

This can effectively enhance the internal cohesion of the institution and its external market competitiveness.

2. Establishing occupational annuities in public institutions can form a multi-pillar pension insurance model with basic pension insurance and supplementary pension insurance for public institutions.

It is conducive to the continuous and in-depth reform of various systems including pension insurance in public institutions, which is conducive to the stability and diversification of the income of retirees in public institutions.

Regarding receipt, three conditions are stipulated: First, after retirement, the individual chooses how to receive occupational annuity benefits on a monthly basis.

It can be used at one time to purchase commercial pension insurance products, receive benefits according to the insurance contract and enjoy the corresponding inheritance rights; you can choose to calculate the occupational annuity monthly benefit standard according to the number of months corresponding to your retirement, until the payment is exhausted, and at the same time, the occupational annuity personal

Account balances enjoy inheritance rights.

Once I choose any payment method, I will not change it.

Second, those who settle abroad can pay the amount in one lump sum according to their requirements.

Third, if a staff member dies while on the job, the balance of his or her personal occupational annuity account can be inherited.

Legal basis: "Notice of the General Office of the State Council on Issuing the Measures for Occupational Pension in Government Institutions and Public Institutions" Article 4: The expenses required for occupational annuity shall be borne jointly by the unit and the individual employee.

The unit's contribution rate for occupational annuity is 8% of the unit's total salary, and the individual contribution rate is 4% of the individual's salary, which is withheld by the unit.

The payment base for units and individuals is consistent with the basic pension insurance payment base for staff in government agencies and institutions.

According to the economic and social development conditions, the state adjusts the proportion of occupational annuity contributions for units and individuals in a timely manner.

Article 5 Occupational annuity funds are composed of the following items: (1) Unit payments; (2) Individual payments; (3) Occupational annuity fund investment and operating income; (4) Other income stipulated by the state.

Article 9 Those who meet one of the following conditions can receive occupational annuity: (1) After the staff member meets the retirement conditions stipulated by the state and goes through the retirement procedures in accordance with the law, he or she can choose to receive occupational annuity benefits on a monthly basis.

It can be used at one time to purchase commercial pension insurance products, receive benefits according to the insurance contract and enjoy the corresponding inheritance rights; you can choose to calculate the occupational annuity monthly benefits based on the number of months when you retire, while the payment is exhausted, and at the same time, the occupational annuity personal

Account balances enjoy inheritance rights.

Once I choose any payment method, I will not change it.

(2) The funds in the personal account of occupational annuity for persons who have settled abroad (border) can be paid to the individual in one lump sum according to the individual’s request.

(3) If a staff member dies while on the job, the balance of his or her personal occupational annuity account can be inherited.

Those who fail to meet one of the above conditions for receiving occupational annuities are not allowed to withdraw funds from their personal accounts in advance.