Occupational annuity refers to the funds raised by the legally established occupational annuity plan and its investment and operation income, as well as the supplementary endowment insurance funds of institutions and institutions. The way to receive the occupational annuity is as follows: after the staff meet the retirement conditions stipulated by the state and go through the retirement procedures according to law, I choose the way to receive 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.

Interim Measures for the Administration of Occupational Annuity Funds

Article 12

Institutions and institutions that establish occupational annuities shall perform the following duties

1, declare the occupational annuity payment to the social insurance agency that manages its basic old-age insurance.

2. The occupational annuity payment of government agencies and institutions will be transferred to the occupational annuity fund collection account set up by the social insurance agency that manages their basic old-age insurance on schedule, and the funds from the occupational annuity fund collection account of the social insurance agency below the provincial level will be collected to the occupational annuity fund collection account of the provincial social insurance agency in time to ensure the integrity, safety and independence of the funds. Measures for the establishment and management of occupational annuity fund collection accounts shall be formulated separately.

3. According to the relevant regulations, when the staff of this unit retires, goes abroad to settle down, dies, etc. , apply to the social insurance agency that manages its basic old-age insurance for payment of benefits, and assist in the payment of occupational annuity benefits; When the staff of this unit changes their work units, they shall apply for account transfer to the social insurance agency that manages their basic old-age insurance, and assist in the transfer of occupational annuity accounts; In case of the above or other relevant circumstances, the staff of this unit shall apply to the finance at the same level for recording the allocated funds.