Five Authorities Add Three Private Pension Withdrawal Circumstances and Two Application Channels

Five departments, including the Ministry of Human Resources and Social Security (MOHRSS), have released the Circular on Relevant Matters Concerning Private Pension Withdrawal (the "Circular"), effective from September 1, 2025.

The Circular, on the basis of the existing policy, adds three circumstances under which individuals can withdraw funds from their private pension accounts, specifically: (1) where, within 12 months prior to the date of application, the applicant (or his or her spouse or minor children) incurs medical expenses under basic medical insurance, and after deduction of medical insurance reimbursements, the cumulative out-of-pocket expenses (i.e., the self-paid portion within the medical insurance catalog) exceed the previous year's per capita disposable income in their provincial-level region; (2) where the applicant has received unemployment insurance benefits for a cumulative 12 months within the past two years from the date of application; or (3) where the applicant is currently receiving minimum living allowances for urban and rural residents. In addition to applying through the bank where the private pension fund account is opened, the Circular adds two application channels, namely, the nationwide unified online service portals such as the national social insurance public service platform, the electronic social security card, and the "12333" APP, and the social insurance agencies in the place where the participant's current basic old-age insurance is registered.



(Source: https://www.mohrss.gov.cn/SYrlzyhshbzb/shehuibaozhang/zcwj/202508/t20250819_554809.html)

Note: The link to the Chinese official website of the document is for your reference.