The higher the payment grade and the longer the payment period, the most cost-effective. Farmers' pension is the rural residents who participate in the new rural insurance, and they should pay the old-age insurance premium according to the regulations. The payment standard is temporarily set to five grades in 1 yuan, 2 yuan, 3 yuan, 4 yuan and 5 yuan each year, and local governments can add payment grades according to actual conditions. Insured people choose their own grades to pay, and if they pay more, they will get more. The state adjusts the payment grade in a timely manner according to the increase of per capita net income of rural residents.

new rural old-age insurance participants: rural residents who have registered permanent residence, have reached the age of 16 (excluding school students) and have not participated in the basic old-age insurance for urban workers can participate in the new rural old-age insurance at their registered residence.

new payment methods of rural old-age insurance

1. Individual contributions

Those who participate in the old-age insurance for urban and rural residents shall pay the old-age insurance premiums according to regulations. At present, the payment standard is set to 12 grades in 1 yuan, 2 yuan, 3 yuan, 4 yuan, 5 yuan, 6 yuan, 7 yuan, 8 yuan, 9 yuan, 1, yuan, 1,5 yuan and 2, yuan each year. The people's governments of provinces (autonomous regions and municipalities) can add payment grades according to the actual situation, and the highest payment grade standard in principle does not exceed the annual payment of local flexible employees to participate in the basic old-age insurance for employees, and report it to the Ministry of Human Resources and Social Security. The Ministry of Human Resources and Social Security, together with the Ministry of Finance, will adjust the payment grade standards in a timely manner according to the income growth of urban and rural residents. Insured people choose their own grades to pay, and if they pay more, they will get more.

II. Collective Subsidies

Conditional village collective economic organizations shall grant subsidies to the insured, and the subsidy standards shall be determined democratically by the villagers' committee at the villagers' meeting, so as to encourage qualified communities to include collective subsidies in the scope of raising funds for community public welfare undertakings. Encourage other social and economic organizations, charitable organizations and individuals to provide financial support for the insured. The amount of subsidy and subsidy shall not exceed the highest payment grade standard set by the local authorities.

iii. government subsidies

the government pays the basic pension in full to the insured who meet the requirements of receiving the old-age insurance for urban and rural residents, of which the central government gives full subsidies to the central and western regions according to the basic pension standards determined by the central government and 5% subsidies to the eastern regions. The local people's government shall subsidize the insured's payment, and the subsidy standard shall not be lower than the 3 yuan per person per year for those who choose the lowest grade standard payment; To choose a higher standard payment, appropriately increase the amount of subsidies; For those who choose 5 yuan and above, the subsidy standard is not less than 6 yuan per person per year, and the specific standards and measures are determined by the people's governments of provinces (autonomous regions and municipalities). The local people's government pays part or all of the minimum standard old-age insurance for the severely disabled and other groups with payment difficulties.

Legal basis:

Law of the People's Republic of China on Social Insurance and Imitation of Risks

Article 11 The basic old-age insurance shall be combined with social pooling and individual accounts. The basic old-age insurance fund consists of employer and individual socks payment and government subsidies.

article 12 an employer shall pay the basic old-age insurance premium in proportion to the total wages of its employees as stipulated by the state and record it in the basic old-age insurance pooling fund. Employees shall pay the basic old-age insurance premium according to the proportion of their wages stipulated by the state and record it in their personal accounts. Individual industrial and commercial households without employees, part-time employees who have not participated in the basic old-age insurance in the employer and other flexible employees who participate in the basic old-age insurance shall pay the basic old-age insurance premium in accordance with the provisions of the state and record it in the basic old-age insurance pooling fund and personal account respectively.

article 13 before employees of state-owned enterprises and institutions participate in the basic old-age insurance, the basic old-age insurance premiums that should be paid during the period of deemed payment shall be borne by the government. When the basic old-age insurance fund is under-paid, the government gives subsidies.

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