Pension insurance can be paid.

Elderly people with registered residence in rural areas who are over 60 years old and do not enjoy the basic pension insurance benefits for urban employees will receive pensions on a monthly basis.

If the age of receipt is less than 15 years, premiums should be paid on an annual basis, and back-payments are also allowed. The cumulative payment should not exceed 15 years; if the age of receipt is more than 15 years, premiums should be paid on an annual basis, and the cumulative payment should be no less than 15 years.

Article 20 of the Social Insurance Law states that the state shall establish and improve a new rural social pension insurance system.

The new rural social pension insurance combines individual contributions, collective subsidies and government subsidies.

Article 21 New rural social pension insurance benefits consist of basic pension and personal account pension.

Rural residents who participate in the new rural social pension insurance and meet the conditions prescribed by the state will receive new rural social pension insurance benefits on a monthly basis.

Article 22 The state establishes and improves the social pension insurance system for urban residents.

The people's governments of provinces, autonomous regions, and municipalities directly under the Central Government may, based on actual conditions, combine the social pension insurance for urban residents and the new rural social pension insurance for implementation.

"New Rural Social Pension Insurance" IV. Fund Raising The new rural insurance fund consists of individual contributions, collective subsidies, and government subsidies.

(1) Individual payment.

Rural residents participating in the new rural insurance must pay pension insurance premiums in accordance with regulations.

The payment standards are set at five levels: 100 yuan, 200 yuan, 300 yuan, 400 yuan, and 500 yuan per year. Local governments can add payment levels according to actual conditions.

The insured can choose the payment level independently, and the more he pays, the more he will get.

The state adjusts payment levels in a timely manner based on the growth of per capita net income of rural residents and other conditions.

(2) Collective subsidies.

Village collectives that meet the conditions shall provide subsidies to insured persons for their contributions, and the subsidy standards shall be democratically determined by the village committee convening a village meeting.

Encourage other economic organizations, social welfare organizations, and individuals to provide subsidies for insured persons' payment.

(3) Government subsidies.

The government will fully pay the basic pension of the new rural insurance to qualified participants. The central government will provide a full subsidy to the central and western regions according to the basic pension standard determined by the central government, and a 50% subsidy to the eastern region.

The local government shall provide subsidies for the insured persons' payment, with the subsidy standard not less than 30 yuan per person per year; appropriate incentives may be given to those who choose higher-level payment standards, and the specific standards and methods shall be determined by the provincial (regional, municipal) people's government

.

For groups with difficulty in paying premiums, such as severely disabled people in rural areas, local governments will pay part or all of the minimum standard pension insurance premiums on their behalf.

6. Pension Benefits Pension benefits are composed of basic pension and personal account pension, and are paid for life.

The basic pension standard determined by the central government is 55 yuan per person per month.

Local governments can increase basic pension standards based on actual conditions. For rural residents who have paid contributions for a long time, basic pensions can be appropriately increased. The increase and additional funds will be spent by local governments.

The monthly calculation and payment standard for personal account pensions is the total amount of savings in the personal account divided by 139 (the same as the current urban employee basic pension insurance personal account pension calculation coefficient).

When an insured person dies, the balance of funds in the personal account, except for government subsidies, can be inherited in accordance with the law; the balance of government subsidies is used to continue paying the pensions of other insured persons.

7. Conditions for receiving pension benefits: Elderly people with registered residence in rural areas who are over 60 years old and do not enjoy the basic pension insurance benefits for urban employees can receive pensions on a monthly basis.

When the new rural insurance system is implemented, those who are over 60 years old and do not enjoy the basic pension insurance benefits for urban employees do not need to pay and can receive basic pensions on a monthly basis. However, their children who meet the insurance conditions must participate in the insurance and pay contributions;

If it is less than 15 years, payment should be made on an annual basis, and make-up payment is also allowed, and the cumulative payment shall not exceed 15 years; if it is more than 15 years from the receiving age, payment shall be made on an annual basis, and the cumulative payment shall not be less than 15 years.

It is necessary to guide young and middle-aged farmers to actively participate in insurance and pay long-term premiums, so that they can get more benefits if they pay long-term.

Specific measures shall be stipulated by the provincial (regional, municipal) people's government.

12. Relevant systems to connect areas that have previously launched rural social pension insurance with individual contributions as the mainstay and complete personal accounts (hereinafter referred to as the old rural pension insurance) shall properly handle the issue of creditor's rights of the old rural pension fund and coordinate with the new rural pension insurance.

Institutional connection.

In the new rural insurance pilot areas, all insured persons who have participated in the old rural insurance, are over 60 years old and have received the old rural pension, can directly enjoy the new basic pension; those who have participated in the old rural insurance and are under 60 years old

Participants who have not received pensions should merge the personal account funds of the old rural insurance into the personal account of the new rural insurance, continue to pay according to the payment standards of the new rural insurance, and enjoy corresponding benefits when they meet the prescribed conditions.

The connection method between the new rural insurance and the basic pension insurance for urban employees and other pension insurance systems will be formulated by the Ministry of Human Resources and Social Security in conjunction with the Ministry of Finance.

It is necessary to properly coordinate the new rural insurance system with the social security of land-expropriated farmers, the later support policy for reservoir resettlement, the policy to reward and support rural family planning families, the rural five-guarantee support, social preferential care, and the rural minimum living security system, etc.

Specific measures will be studied and formulated by the Ministry of Human Resources and Social Security and the Ministry of Finance in conjunction with relevant departments.