On August 19th, the reporter learned from the Ministry of Human Resources and Social Security that five departments including the Ministry of Human Resources and Social Security recently issued a notice on issues related to receiving personal pension, further enriching the situation of receiving personal pension and clarifying specific operational methods, which will be implemented from September 1st. The personal pension system in China will be implemented in some cities nationwide in November 2022 and will be promoted nationwide by the end of 2024. This notice has made appropriate adjustments and improvements to the policies related to personal pension collection, aiming to meet the diverse needs of participants for receiving personal pension and enhance the flexibility of the personal pension system. On the basis of meeting the conditions for receiving basic pension age, completely losing labor ability, and settling abroad as stipulated in the original policy, three new situations are notified for receiving personal pension. One is that within the 12 months prior to the application date, the individual (or spouse, minor children) has incurred medical expenses related to basic medical insurance, and after deducting medical insurance reimbursement, their personal burden (referring to the out of pocket portion within the scope of medical insurance catalog) has accumulated to exceed the per capita disposable income of residents in the province (autonomous region, municipality directly under the central government) in the previous year. The second requirement is that the accumulated unemployment insurance benefits received within the two years prior to the application date have reached 12 months. Thirdly, they are currently receiving the minimum living allowance for urban and rural areas. Among them, the first scenario means that for individuals and their families suffering from serious illnesses, they can use the balance of their personal pension account reserves in advance to solve their urgent needs when they urgently need money for treatment. On the basis of applying for collection through the personal pension fund account opening bank, it is notified to add national unified online service entrances such as the National Social Insurance Public Service Platform, electronic social security card, and mobile 12333App, and to provide two types of application channels for the social insurance agency where the participant's current basic pension insurance relationship is located. Unlike the national statutory basic pension insurance, personal pension is a supplementary pension system. Participants who apply for personal pension will have their application verified by the social security agency. If the verification is approved, the personal pension fund account opening bank will deduct and pay personal income tax on their behalf, and the funds will be transferred to their social security card bank account. Many people are concerned about whether they can continue to contribute funds after receiving their personal pension in advance? According to the notice, in addition to reaching the age of receiving basic pension, participants who meet other conditions to receive personal pension can continue to contribute to their personal pension fund account based on their economic conditions and other circumstances, in order to increase their pension accumulation. At this point, the information platform will reset the personal pension account to a deposit status. Human resources and social security departments in various regions will complete the docking with information platforms as required, do a good job in managing the collection of personal pensions, strengthen information sharing with medical insurance, civil affairs and other departments, make full use of available cross business and cross level data, optimize the functions of the handling system, and provide convenient services for participants to collect personal pensions. (New Society)