领款人 meaning in Chinese

payee
remittee

Payment advice will be issued to pensioner ( a ) at the time of first payment of pension and ( b ) as and when there is change of pension payment
在( a )首次发放退休金及( b )在当退休金发放金额有所转变时，向领款人发出。
Payee is ok cash means is gotten deserved money , also can turn through the bank the other way that zhang or company allow is gotten deserved money
领款人可以现金方式领取应得款项，也可以通过银行转账或公司答应的其他方式领取应得款项。
Under this payment method , the pensioner is required to complete and have witnessed a claim form not earlier than the last day of each month or period in respect of which the pension is claimed
如选择以这种方式领取退休金，领款人必须在不早于申领款项的有关月份或期间的最后一天填妥申领表格，并由第三者签署见证。