1. Determine the occupational annuity plan: Enterprises or institutions need to formulate an occupational annuity plan, including the basic contents of the plan, conditions for enrollment, payment standards, investment operation methods, welfare plans, etc.

2. Payment of occupational annuity: Enterprises or institutions pay a certain fee to the occupational annuity fund every year in accordance with the provisions of the occupational annuity plan.

3. Management of occupational annuity: The occupational annuity foundation manages and operates the fund according to the occupational annuity plan, including asset investment, risk control and welfare payment.

4. Issuance of occupational annuities: When employees meet the retirement conditions stipulated in the occupational annuity plan, enterprises or institutions shall apply to the occupational annuity foundation, which will issue occupational annuities to employees according to the standards and procedures stipulated in the occupational annuity plan.

The conditions for granting occupational annuities are as follows:

1, insurance period: a certain insurance period is required, generally more than 5 years. Different regions and industries may have different requirements for the duration of insurance.

2. Occupational age: it is necessary to meet a certain occupational age, generally over 50 years old.

3. Retirement or reaching the statutory retirement age: it is necessary to meet the conditions for retirement or reaching the statutory retirement age. The legal retirement age may be different in different countries and regions.

4. Participate in the enterprise occupational annuity plan: you need to participate in the enterprise occupational annuity plan and pay the personal account part of the occupational annuity according to the regulations.

5. Do not receive social security funds: Some countries or regions stipulate that if you have received social security funds, you can no longer receive occupational annuities.

6. Being alive and not re-employed: Some countries or regions stipulate that people receiving occupational annuities must be alive and retired or not re-employed.

To sum up, there are differences in occupational annuity systems in different countries or regions, and the specific situation may be different.

Legal basis:

Article 5 of the Notice of the General Office of the State Council on Printing and Distributing the Measures for Occupational Pensions of Institutions and Institutions.

The occupational annuity fund consists of the following items:

(1) unit payment;

(2) individual payment;

(3) Income from investment and operation of occupational annuity funds;

(four) other income as prescribed by the state.