it is not a dividend.

Dividends are dividends paid to investors by a joint-stock company every year according to a certain proportion of its share in profits. It is a way to distribute the income of the current year to shareholders after withdrawing statutory provident fund, public welfare fund and other items according to regulations.

the basic endowment insurance handled by social insurance institutions is a social insurance system established and implemented by the state in accordance with the provisions of laws and regulations. Under this system, employers and workers must pay endowment insurance premiums according to law. After the workers reach the retirement age stipulated by the state or quit their jobs for other reasons, social insurance agencies will pay them pensions and other benefits according to law, thus ensuring their basic livelihood.

The basic old-age insurance is not profitable and does not take the form of dividends. It consists of contributions from employers, employees and workers and financial subsidies, with the aim of ensuring the basic life of workers in retirement.

Social Insurance Law

Article 1 Employees shall participate in the basic old-age insurance, and the employer and employees shall pay the basic old-age insurance premium.

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 can participate in the basic old-age insurance, and individuals pay the basic old-age insurance premium.

The measures for endowment insurance for civil servants and staff managed by reference to the Civil Service Law shall be formulated by the State Council.

article 11 the basic old-age insurance shall combine social pooling with individual accounts.

The basic old-age insurance fund consists of contributions from employers and individuals and government subsidies.

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.

Article 15 A basic pension consists of an overall pension and a personal account pension.

The basic pension is determined according to the accumulated years of individual contributions, contributions wages, average wages of local employees, personal account amount, average life expectancy of urban population and other factors.

Article 16 Individuals who have participated in the basic old-age insurance will receive the basic old-age pension on a monthly basis if they have accumulated contributions for fifteen years when they reach the statutory retirement age.

individuals who have participated in the basic old-age insurance and have paid less than fifteen years when they reach the statutory retirement age can pay for it until they have reached fifteen years and receive the basic pension on a monthly basis; Can also be transferred to the new rural social endowment insurance or urban residents' social endowment insurance, enjoy the corresponding pension insurance benefits in accordance with the provisions of the State Council.

article 18 the state establishes a normal adjustment mechanism for basic pensions. According to the average wage increase and price increase of employees, the level of basic old-age insurance benefits will be improved in a timely manner.

Further reading: How to buy insurance, which is better, and teach you how to avoid these "pits" of insurance.