Thirteenth enterprises and individual employees to pay the basic old-age insurance premiums and financial subsidies given by the state into the social insurance management institutions in the bank to open a special account for the old-age insurance fund; The enterprise supplementary endowment insurance premium and personal savings endowment insurance premium will be included in the special account of supplementary endowment insurance fund opened by the social insurance management institution in the bank, which will be stored in the special account and used for special purposes. The funds deposited in the bank bear interest according to the savings rate of urban and rural residents in the same period stipulated by the People's Bank of China, and the interest earned is included in the basic old-age insurance fund, supplementary old-age insurance fund and individual savings old-age insurance fund respectively.

Fourteenth social insurance management institutions must timely transfer or redeem the due fund bank deposits and bonds purchased by the fund.

Fifteenth social insurance management institutions may, according to the monthly average full settlement income of local funds, leave enough 1- 15 months of basic old-age insurance working capital from the funds.

Article 16 If the newly recruited employees under the labor contract system move across regions, the social insurance management institutions in the transfer place and the transfer place shall handle the transfer procedures of the basic old-age insurance fund. The basic old-age insurance fund shall be transferred according to the payment standard stipulated by the people's government of the place where it is transferred out (no management fee shall be deducted, and no interest shall be calculated). The payment period of newly hired employees with labor contract system before and after job transfer is calculated together.

Article 17 Social insurance management institutions at all levels shall establish and improve various fund management systems such as finance, accounting, statistics and internal audit, prepare the budget and final accounts of the annual income and expenditure of the fund and management service fees, and report them to the local people's government for inclusion in the budget. The budgets, calculations, accounting statements and statistical statements of funds and management service fees compiled by all provinces, autonomous regions and municipalities directly under the Central Government shall be submitted to the Ministry of Labor within the prescribed time.

Eighteenth social insurance management institutions at all levels may, according to the actual work needs and economic principles, extract management service fees from the basic old-age insurance fund. The specific extraction ratio is proposed by the local labor department, audited by the finance department at the same level, and reported to the Pension Fund Committee for approval. Management service fees are mainly used for personnel expenses, official expenses, business expenses, equipment and vehicle purchase expenses, housing infrastructure repair expenses, retirees management activities expenses and other necessary expenses. The use of management service fees, in order to comply with national financial policies and relevant regulations, must be collected first and then paid. Once the annual revenue and expenditure budget of management service fee is approved, it should be strictly implemented. Due to special circumstances need to be adjusted, should be submitted for approval according to the prescribed procedures.

Nineteenth social insurance management institutions at all levels have the right to audit the relevant accounts, statements, total wages, retirement fees and the roster of employees and retirees, the approved withholding fund base and the retirement fees payable.