Rural social endowment insurance is mainly raised through the following channels:

First: individual payment.

Rural residents who participate in the new rural social endowment insurance shall pay endowment insurance premiums in accordance with relevant regulations. At present, the payment standard is set at 100, 200, 300, 400 and 500 per year, with a total of five grades. All localities can also adjust according to the actual situation, and then add a payment grade.

Insured residents can freely choose according to the above grades, and pay more. The state will also appropriately adjust the payment level according to the growth of per capita income of rural residents.

Second: collective subsidies

Conditional village collectives can subsidize the insured. The relevant subsidy standards shall be determined democratically by the villagers' committee convening the villagers' meeting. Actively encourage other economic organizations or individuals to provide financial support for the insured.

Extended data:

Basic functions of endowment insurance:

Endowment insurance is based on the living security of the elderly, and an insurance fund is established through redistribution or savings to pay the living expenses of the elderly. Its implementation has the following functions:

1, which is conducive to ensuring labor reproduction.

The establishment of the old-age insurance system is conducive to the normal intergenerational replacement of the labor force, the retirement of the elderly, the smooth employment of the newly growing labor force and the rationalization of the employment structure.

2, conducive to social security and stability.

Endowment insurance provides basic living security for the elderly and makes them feel safe. With the arrival of the aging population, the proportion of the elderly population is increasing and the number is increasing. Old-age insurance guarantees the basic life of elderly workers, which is equivalent to ensuring the basic life of a considerable number of people in society.

3. It is conducive to promoting economic development.

The pension insurance system designed by many countries links fairness with efficiency, especially the partial accumulation and complete accumulation pension fund raising model. The amount of pension received by workers after retirement is directly related to their wage income and payment during their on-the-job work, which can undoubtedly stimulate workers to work actively during their on-the-job work and improve efficiency.

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