1. The endowment insurance paid by the company cannot be taken out. After the insured employees retire, their basic pensions include basic pensions, personal account pensions and transitional pensions, and co-ordinate living price subsidies. Therefore, personal account pension can only be used for employee pension, and cannot be withdrawn in advance.

2. Legal basis: Article 12 of People's Republic of China (PRC) Social Insurance Law.

The employing unit shall pay the basic old-age insurance premium according to the proportion of the total wages of its employees stipulated by the state, and record it in the basic old-age insurance pooling fund.

Employees shall pay the basic old-age insurance premium in accordance with the proportion of wages stipulated by the state and record it in their personal accounts.

Individual industrial and commercial households without employees, part-time employees who have not participated in the basic old-age insurance in the employing unit and other flexible employees who have participated in the basic old-age insurance shall pay the basic old-age insurance premiums in accordance with state regulations and record them in the basic old-age insurance pooling fund and individual accounts respectively.

2. What are the procedures for surrender?

1, the insured or the unit to which the insured belongs applies to the treatment distribution department for surrender, and the processing time is 1 to the 20th of each month;

2. After receiving the application materials, the handling personnel of the treatment distribution department will check whether the application meets the requirements and whether the attached materials are complete. And make a reply of acceptance or rejection according to the specific circumstances;

3. After acceptance, the handling personnel shall complete the audit within 20 working days;

4. On June 5438+05, the benefits were transferred to the financial account of Guangfa Social Security IC card of the insured, and transferred to Guangfa account designated by the applicant without IC card, and the insured provided a copy of his passbook.