1. Employees can receive it in one lump sum or by stages after reaching the statutory retirement age.

2. Employees who settle abroad can receive it in one lump sum.

3. Employees who lose their ability to work due to illness may apply for one-time or installment payment.

4. If he dies before retirement, his successor may apply for a lump sum.

What are the conditions for establishing an enterprise annuity?

1, enterprises and employees should participate in the basic old-age insurance and fulfill their payment obligations in accordance with the law when establishing enterprise annuities, and enterprises have corresponding economic burdens;

2. Enterprises and employees decide to establish an enterprise annuity through collective consultation, and then formulate an enterprise annuity plan. The enterprise annuity plan shall be submitted to the workers' congress or the workers' congress for discussion and adoption, and submitted to the administrative department of human resources and social security at or above the county level;

3. The enterprise annuity follows the principle of trust law. After the enterprise annuity plan is put on record, the enterprise and employees are collectively referred to as the principals as follows: the enterprise annuity trustee should choose the legal person trustee or the enterprise annuity Council established by the enterprise in accordance with state regulations, and the enterprise will sign the entrustment management contract with the trustee on behalf of the principal.

To sum up, after the signing of the entrustment management contract, the trustee shall entrust an account manager, an investment manager and a custodian who are qualified for enterprise annuity management to be responsible for the account management, investment operation and custody of enterprise annuity funds. The managers of enterprise annuity funds shall work together in accordance with the provisions of the state to realize the legal and compliant operation and the preservation and appreciation of enterprise annuity funds.

Legal basis:

Article 24 of the Measures for Enterprise Annuities

Meet one of the following conditions, can receive an enterprise annuity:

(1) When employees reach the retirement age stipulated by the state or completely lose their ability to work, they can receive enterprise annuities from their personal accounts on a monthly basis, by stages or at one time, or they can purchase commercial endowment insurance products with all or part of the funds in their personal accounts, receive treatment according to the insurance contract and enjoy the corresponding inheritance rights;

(two) the enterprise annuity personal account funds of the people who settle abroad can be paid to me in one lump sum according to my requirements;

(three) after the death of employees or retirees, the balance of enterprise annuity personal accounts can be inherited.