After the premiums paid by employers and individuals are included in the basic old-age insurance fund, they shall be managed by the relevant government departments in accordance with their duties and powers.

Departments with management authority include social security agencies, human resources and social security departments, tax authorities, financial departments and audit departments. Social security agencies are responsible for the registration, verification and collection of premiums. In some areas, the responsibility of collecting insurance premiums is entrusted to tax authorities. The premiums collected shall be deposited in the financial accounts of state-owned commercial banks designated by the financial departments, human resources and social security departments. After the balance of the fund's income and expenditure, with the consent of the financial department, human resources and social security departments, it will be used to purchase government bonds or transfer time deposits in accordance with the regulations, and the proceeds will be included in the financial accounts. Government financial subsidies are directly allocated from the state treasury to financial special accounts. Social security agencies, tax authorities and financial departments will regularly reconcile accounts to ensure that the accounts of the fund are consistent and the accounts are consistent.

In addition, the social security agency is also responsible for preparing the draft annual budget of the fund, which is submitted to the people's government at the same level for approval after being examined and approved by the human resources and social security departments and the financial department. After approval, the social security agency is responsible for the specific implementation and regularly reports the implementation to the financial department, human resources and social security departments. Understanding the management system of the old-age insurance system will help the insured to understand their social security rights and interests more clearly, supervise the use and operation of the old-age insurance fund more pertinently, find and stop the illegal and disciplinary actions of the relevant management departments in time, and resolutely defend their old-age money.