Article 14 Fund income includes: individual payment income, collective subsidy income, government subsidy income, interest income, transfer income, higher subsidy income, lower payment income and other income.
Personal contribution income refers to the new rural old-age insurance premium income paid by insured rural residents according to the prescribed standards.
Collective subsidy income refers to the subsidy income provided by collective economic organizations such as townships (towns) and villages to the individual contributions of insured rural residents, as well as the subsidy income provided by other economic organizations, social welfare organizations and individuals to the insured.
Government subsidy income refers to the subsidy income given by finance to the fund.
Interest income refers to the interest income obtained by purchasing state bonds with funds and depositing them in deposit-taking financial institutions such as commercial banks.
Transfer income refers to the fund income of the insured object flowing across the overall planning area.
Superior subsidy income refers to the subsidy income received by the lower authorities from the higher authorities.
Lower-level income refers to the capital income obtained by higher-level institutions from lower-level institutions.
Other income refers to donations from social organizations and individuals to the fund and other fund income approved by the financial department.
Fifteenth government subsidy income includes subsidy income, where the government provides basic pensions, and subsidy income, where the government pays individual contributions.
The government's subsidy income for basic pensions refers to the subsidy income that governments at all levels give funds to the insured who meet the treatment requirements in accordance with the prescribed standards.
Subsidy income, in which the government pays individual contributions, refers to the subsidy income, which is given to the fund by the local finance according to the prescribed standards to subsidize the individual contributions of the insured.
Article 16 On the premise of ensuring the safety of funds, facilitating the masses and improving the management level, the agency in the overall planning area shall set up income households in deposit-taking financial institutions such as commercial banks, and the income households shall be identified by the finance department at the same level and the human resources and social security department at the same level, or selected by the finance department and the human resources and social security department at the same level through bidding. In principle, only one income household can be established in an overall planning area.
The main purposes of the income account are: temporarily storing individual payment income, collective subsidy income, transfer income, higher-level subsidy income, lower-level solution income, account interest income and other income.
No other payment business may occur except the transfer of income to the financial account. Income households have no balance at the end of the month. If it is not implemented according to the regulations, the financial department will entrust all deposit-taking financial institutions such as commercial banks with accounts to transfer all fund income to the financial special account at the end of the period.
Seventeenth fund collection income should be regularly deposited in the financial accounts. The specific time shall be determined by the provinces, autonomous regions and municipalities directly under the central government.
Eighteenth collection of individual contributions and subsidies of collective economic organizations should use the receipt of special funds uniformly printed by the provincial finance department.
To accept donations from social organizations and individuals to the foundation, donation receipts uniformly printed by the financial department shall be used.