The grade and amount of endowment insurance for urban and rural residents in Yunnan are comprehensively determined according to factors such as individual payment, payment period and local average wage level.

1. Grades of endowment insurance for urban and rural residents in Yunnan

The grading of endowment insurance for urban and rural residents in Yunnan Province is based on the consideration of payment level and treatment. Generally speaking, the higher the grade, the more the payment, and the higher the pension received accordingly. The specific grade division may vary according to different regions and policies, but it usually includes the following grades:

1. Low grade: it is suitable for residents with relatively poor economic conditions, with lower payment amount and less pension.

2. Medium grade: suitable for residents with average economic conditions, with moderate payment amount, and the pension received can meet the basic living needs.

3. High grade: it is suitable for residents with better economic conditions, with higher payment amount and more generous pension.

Second, the amount received

The amount of pension received is comprehensively calculated according to factors such as individual payment grade, payment period and local average wage level. Generally speaking, the higher the payment grade and the longer the payment period, the higher the amount of pension received. At the same time, the local average wage level will also have an impact on the amount of pension. The specific calculation methods and standards may vary according to different regions and policies, but they usually follow certain formulas and regulations.

In addition, according to the economic development and financial situation, Yunnan Province has adjusted the treatment level of urban and rural residents' old-age insurance in time to ensure that the insured residents can enjoy reasonable old-age security.

To sum up:

The grade and amount of endowment insurance for urban and rural residents in Yunnan are comprehensively determined according to factors such as individual payment, payment period and local average wage level. By choosing the appropriate payment grade, residents can enjoy the corresponding old-age security benefits. According to the economic development and financial situation, the provincial capital of Yunnan adjusts the old-age insurance policy in time to ensure that the rights and interests of insured residents are guaranteed.

Legal basis:

Article 16 of the Social Insurance Law of the People's Republic of China

stipulates:

Individuals who have participated in the basic old-age insurance will receive the basic old-age pension on a monthly basis if they have paid the accumulated contributions for fifteen years when they reach the statutory retirement age. If an individual who participates in the basic old-age insurance dies due to illness or non-work-related, his survivors can receive funeral subsidies and pensions; Those who have completely lost their ability to work due to illness or non-work-related disability before reaching the statutory retirement age can receive disability allowance. The required funds are paid from the basic old-age insurance fund.