In fact, the full name of pension fund is endowment insurance fund, which is an important part of China's social security system. It is a social system that provides basic living security to protect workers from losing their ability to work when they are old. After retirement, workers can receive pension insurance funds on a monthly basis after reaching a certain age. At present, the basic old-age insurance fund in China is mainly composed of contributions from employers and individuals. In addition, the state and local governments also give some subsidies.

Characteristics and income sources of endowment insurance fund

For the understanding of the endowment insurance fund, we can first understand its characteristics. The common endowment insurance fund is characterized by:

1, social. Nowadays, endowment insurance, as a social policy to promote social and economic development and social stability, has a strong sociality in fund raising, payment and fund asset operation, which reflects social or government behavior in both management process and specific links.

2. savings type. A considerable part of endowment insurance funds are pre-raised through personal accounts, especially accumulation funds, which are mainly pre-raised through personal accounts to save for future pension payments. Is savings insurance good? I just sorted out the relevant contents, hoping to help you: What's the difference between consumer insurance, savings insurance and return insurance? Which is better?

3. Help each other. The collection of social endowment insurance funds should be coordinated to achieve social mutual assistance and reduce the pension risk of workers.

In addition, the source of the endowment insurance fund is also a part that people should know. It is understood that there are about five sources of income for pension funds:

(1) Pension insurance premium paid by the unit and employees;

(2) Interest income of the endowment insurance fund;

(three) the value-added operating income of the endowment insurance fund;

(four) in accordance with the relevant measures to collect fines;

(5) Financial subsidy income.

To sum up, the endowment insurance fund is characterized by sociality, saving and mutual assistance. There are five main sources of income, including contributions from units and employees, as well as government subsidies.

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Sources of Urban Endowment Insurance Fund

Urban endowment insurance, also known as urban residents' endowment insurance, belongs to basic endowment insurance and is an important part of social insurance. Mainly to provide protection for urban residents in their later years. When the insured reach retirement age, they will be able to receive a monthly pension. However, the insured does not know the source of the urban endowment insurance fund. Let me introduce you.

Endowment insurance continuation procedure flow

Endowment insurance, also known as social basic endowment insurance, is a part of social security system. Participating in endowment insurance can guarantee the basic life of retirees. However, if the insured changes to work in a different place, what about the old-age insurance paid? In fact, after foreign employees participate in social insurance, the basic old-age insurance relationship can be transferred in different places in accordance with relevant state regulations. Let me tell you about the relevant process.