Legal analysis: Social Security Bureau will generally transfer the retirement pension to the bank account of each retiree around 10 every month; In some places, the agreed date of pension payment is not uniform when retiring, in order to alleviate the peak of receiving in batches.

Legal basis: Article 13 of the Social Insurance Law of People's Republic of China (PRC). Before employees of state-owned enterprises and institutions participate in the basic old-age insurance, the basic old-age insurance premiums payable during the payment period shall be borne by the government. When the basic old-age insurance fund is insufficient to pay, the government gives subsidies.