The basic pension insurance policy for urban and rural residents is as follows

1. Insurance scope: Anyone over 16 years old (excluding school students), non-state agencies and public institution staff, and non- Urban and rural residents covered by the basic pension insurance for employees should participate in the basic pension insurance for urban and rural residents.

2. Fund raising: Urban and rural residents participating in the basic pension insurance for urban and rural residents should pay pension insurance premiums in accordance with regulations. The payment standard is 100 yuan per person per year (only applicable to registered poor people, subsistence allowance recipients, extremely poor people and severely disabled people and other special needy groups), 300 yuan, 400 yuan, 600 yuan, 800 yuan, 1,000 yuan , 1,500 yuan, 2,000 yuan, 2,500 yuan, 3,000 yuan, ***10 levels. Individual contributions, collective subsidies (other subsidies), and government payment subsidies are all credited to individual accounts.

3. Payment method: Urban and rural residents can choose the payment level independently. Within a natural year, after the payment level is determined, they will make a one-time payment. Payment method one: go to the Rural Commercial Bank to sign a withholding agreement between both parties and entrust the bank to withhold payment; payment method two: pay online through WeChat, Alipay, Qianlongyun APP; payment method three: bring the original ID card to Xixiu District, Tuobaoshan Pay at the District Taxation Bureau on the second floor of the Government Affairs Hall, or at the counter of a rural commercial bank.

4. Pension Benefits: Urban and rural residents who are insured and over 60 years old and do not receive basic employee pension insurance benefits and government-stipulated retirement benefits and retirement living expenses and meet one of the following conditions: Can receive the basic pension for urban and rural residents:

1. Those who are over 60 years old when the new rural insurance or urban residence insurance system is implemented;

2. The new rural insurance or urban residence insurance system When the new rural insurance or urban residence insurance system is implemented, those who are over 45 years old and under 60 years old must pay annual premiums; years and above.

Once the basic pension insurance for urban and rural residents is verified, the pension will be paid for life. Basic pension insurance for urban and rural residents = basic pension + personal account pension. The basic pension is 98 yuan, and the personal account pension is calculated by dividing the total savings in the personal account by 139. If the insured has paid cumulative contributions for more than 15 years, the basic pension standard will increase by 1 yuan for each year exceeded, and the required funds will be borne by the district people's government. That is: basic pension = 98 + (N-15) (where N is the payment period of more than 15 years).

Starting from January 1, 2021, insured urban and rural elderly residents aged 65 and above will receive an additional payment of 2 yuan per month starting from the month following the age of 65. The required funds will be provided by the province, The three-level finances of the city and county (district) are shared on a 7:1:2 basis.

Pension payments for urban and rural residents’ basic pension insurance benefits will be stopped starting from the month following the death. If they comply with the funeral reform policy of the district people’s government, a one-time funeral subsidy of 500 yuan will be issued.

5. Collective subsidies: Conditional village collectives and communities (neighborhood committees) should provide subsidies for urban and rural residents’ insurance premiums. The subsidy standards shall be determined by the village (resident) people’s meeting and the village (resident) people’s representative meeting. In principle, it shall not exceed the highest payment level standard. Encourage other economic organizations, public charity organizations, and individuals to provide subsidies for urban and rural residents to participate in insurance premiums. The amount of subsidy and funding shall not exceed the maximum payment level standard and cannot be paid back.

Legal Basis

Article 10 of the "Social Insurance Law"

Employees shall participate in basic pension insurance, and the employer and employee*** shall jointly pay the basic pension insurance fee.

Individual industrial and commercial households without employees, part-time employees who have not participated in basic pension insurance in the employer, and other flexible employment personnel can participate in basic pension insurance, and the basic pension insurance premiums are paid by individuals.

The measures for pension insurance for civil servants and staff managed with reference to the Civil Servant Law shall be prescribed by the State Council.

Article 12 of the "Social Insurance Law"

The employer shall pay basic pension insurance premiums in accordance with the proportion of the total wages of its employees stipulated by the state, and record them into the basic pension insurance overall fund.

Employees shall pay basic pension insurance premiums in accordance with the proportion of their wages stipulated by the state and record them into their personal accounts.

Individual industrial and commercial households without employees, part-time employees who have not participated in basic pension insurance in the employer, and other flexible employment personnel who participate in basic pension insurance shall pay basic pension insurance premiums in accordance with national regulations, respectively. Credited to the basic pension insurance pooling fund and personal account.

Article 17 of the "Social Insurance Law"

If an individual participating in the basic pension insurance dies due to illness or non-work-related reasons, his or her surviving family members may 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 may receive sickness allowance. The required funds are paid from the basic pension insurance fund.

Article 20 of the "Social Insurance Law"

The state establishes and improves a new rural social pension insurance system.

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

Article 22 of the "Social Insurance Law"

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.