In the case of retirement, death or emigration an employee may apply for the payment of benefits out of his/her annuity account. The money can be either collected in a lump sum or by installments via the employer. In this situation the account manager thereby conducts corresponding account transactions, the investment manager selects corresponding investment assets to sell according to the market situation, and executes the actual payments to the individual account (via the custodian).

The payment of benefits is the ultimate materialization of the occupational annuity plan in form of individuals¡¯ accounts¡¯ equity.

Notice: According to the agreement between trustee and account manager on the business process of account management, some account managers may also directly accept application documents for payment of benefit, submitted by the principal.