The state has documents that stipulate that people who have participated in urban pension insurance cannot participate in the new rural insurance.

Urban employee pension insurance (employment insurance) ●Contribution ratio: 20% of the employee contribution base paid by the enterprise, 8% paid by the employee ●Account management: a combination of social pooling and personal accounts ●Receipt conditions: Enterprise employees have reached the legal retirement age (60 for male employees)

If you are 55 years old for female cadres and 50 years old for female workers) and have made personal contributions for 15 years, you can receive a basic pension on a monthly basis after retirement.

●Basic pension calculation method: basic pension = basic pension + personal account pension.

The monthly basic pension standard at the time of retirement is based on the average monthly salary of local employees in the previous year and the average indexed monthly contribution salary of the employee, and 1% will be paid for every full year of payment.

The monthly pension standard for personal accounts is the amount saved in the personal account divided by the number of payment months. The number of payment months is determined based on factors such as the average life expectancy of the urban population when the employee retires, his or her retirement age, and interest.

For example, if you retire at the age of 45 (special type of work for female employees), the monthly income is: the total personal account amount

Get: Total personal account amount X1/139.

Rural household registration pension insurance (new rural insurance) ●Insurance scope: Rural residents who are over 16 years old (excluding school students) and have not participated in the basic pension insurance for urban employees can voluntarily participate in the insurance at their place of residence.

●Payment method: The new rural insurance fund consists of individual payment (divided into 5 levels: annual payment of 100, 200, 300, 400, 500), collective subsidies, and government subsidies (annual minimum of 30 yuan).

●Receipt conditions: 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.

●Monthly receivable amount: basic pension = 1/139 of the total payment, basic pension 55 yuan, total payment = all paid by the individual + all collective subsidies + all government subsidies + interest, etc. ●When the new rural insurance system was implemented, it was already 20 years old

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; those who are less than 15 years away from the receiving age must pay annual contributions.

, additional payment is also allowed, and the cumulative payment shall not exceed 15 years; if the age of receipt is more than 15 years, the payment shall be made annually, and the cumulative payment shall not be less than 15 years.

●When an insured person dies, the fund balance 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.

Urban Resident Pension Insurance (Urban Residential Insurance) ●Insurance scope: Urban non-employed residents who are over 16 years old (excluding school students) and do not meet the conditions for basic employee pension insurance can voluntarily participate in the insurance at their place of residence.

●Payment method: Resident payment (divided into 10 levels: annual payment of 100, 200, 300, 400, 500, 600, 700, 800, 900, 1,000), government subsidy (annual minimum of 30 yuan).

●Enjoy benefits: Insured residents who are over 60 years old can receive pensions including basic pensions and personal account pensions on a monthly basis.

Urban residents who are over 60 years old and meet the prescribed conditions can receive a basic pension on a monthly basis without paying contributions.

●When the 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, but their children who meet the insurance conditions must participate in the insurance and pay contributions; those who are less than 15 years old from the receiving age

If you are 15 years old, you should pay annually, and you are also allowed to make additional payments. The cumulative payment should not exceed 15 years; if you are more than 15 years away from the age of receipt, you should pay annually, and the cumulative payment should not be less than 15 years.

●When an insured person dies, the fund balance 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 to pay the pensions of other insured persons.