1. After the staff meet the retirement conditions stipulated by the state and go through the retirement procedures, they will receive the occupational annuity on a monthly basis;
2. The funds in the personal accounts of overseas residents' occupational annuities can be paid in one lump sum according to their own requirements;
3. If a staff member dies while in office, the personal account balance of his occupational annuity can be inherited.
Legal basis: measures for occupational annuities of government agencies and institutions
Article 7 The unit payment shall be included in my personal account of occupational annuity according to 8% of the individual payment base; Personal contributions are directly included in my personal account of occupational annuity.
The income from the investment and operation of the occupational annuity fund shall be included in the personal account of the occupational annuity in accordance with the regulations.
Article 8 When a staff member changes his/her work unit, the funds in the personal account of occupational annuity can be transferred accordingly. If a staff member fails to implement the occupational annuity or enterprise annuity system during the period of continuing education, joining the army, unemployment or new employment, his personal occupational annuity account will continue to be managed and operated by the original management institution. If the new employment unit has established the occupational annuity or enterprise annuity system, the original occupational annuity personal account funds will be transferred accordingly.
Article 9 A person who meets one of the following conditions may receive an occupational annuity:
(1) After the staff meets the retirement conditions stipulated by the state and goes through the retirement formalities according to law, I choose the method of receiving the occupational annuity treatment on a monthly basis. It can be used to purchase commercial endowment insurance products at one time, receive treatment according to the insurance contract and enjoy the corresponding inheritance rights; You can choose to calculate the monthly treatment standard of occupational annuity according to the number of months corresponding to my retirement, and the balance of personal account of occupational annuity also enjoys the right of inheritance. I won't change after I choose any payment method.
(two) the funds in the personal account of the occupational annuity for overseas residents can be paid to me in one lump sum according to my requirements.
(3) If a staff member dies while in office, the personal account balance of his occupational annuity can be inherited.
Those who do not meet one of the above conditions for receiving occupational annuities may not withdraw funds from their personal accounts in advance.