Methods for individuals to pay pension insurance: 1. Payment in the name of an individual: You need to apply at the Social Security Bureau where your household registration is located. The procedures include: personal ID card, two recent one-inch photos without a hat, premium, application form, etc.
2. The payment standard is based on 60%-300% of the average salary of employees in the region in the previous year, and any level is selected, and payment is made according to a certain proportion of the selected payment base.
Differential rates are implemented based on the payment years. The payment rate is 12% for men under 45 years old and for women under 35 years old. Employees of individual industrial and commercial households pay 4% by the employer and 8% by individuals.
The contribution rate for men over 45 years old and women over 35 years old is 18%. Among them, the employer pays 10% for self-employed employees and the individual pays 8%.
3. The minimum payment period for pension insurance is 180 months or 15 years. You can choose to pay more, so that you can receive more when you retire. 4. For some more difficult rural areas, the state adopts government subsidies, local government support and individual
As for the payment method, people with household registration in this city can apply for independent individual participation in pension insurance.
Information required for independent individuals to participate in the insurance: (1) The original and copy of the city’s household registration book or ID card; (2) The agent also needs the original and copy of the agent’s ID card; application method: You can go to the nearest district bureau tax office
The processing time is from the 4th of each month to the last working day of the month.
Extended information: The basic function of pension insurance Pension insurance takes the living security of the elderly as an indicator, and establishes an insurance fund through redistribution or savings to pay the living expenses of the elderly.
Its implementation has the following functions: 1. It is conducive to ensuring the reproduction of the labor force. The establishment of a pension insurance system is conducive to the normal intergenerational replacement of the labor force group, the retirement of the elderly, the smooth employment of the newly growing labor force, and ensuring the rationalization of the employment structure.
2. Safety and stability that is conducive to society. Pension insurance provides basic living security for the elderly, allowing them to have something to support them in their old age.
With the arrival of population aging, the proportion of the elderly population is getting larger and larger, and the number of elderly people is also increasing. Pension insurance guarantees the basic life of elderly workers, which is equivalent to ensuring the basic life of a considerable part of the population in society.
For working workers, participating in pension insurance means having expectations for their future life after old age and eliminating worries. From a social mentality, people are more stable and less impetuous, which is conducive to the development of society.
Stablize.
3. It is conducive to promoting economic development. Most countries in the design of pension insurance systems link fairness and efficiency, especially the partially accumulated and fully accumulated pension financing models.
The amount of pensions that workers receive after retirement is directly related to their wage income and contributions during their working years. This will undoubtedly create an incentive for workers to work actively during their working lives and improve efficiency.
In addition, due to the wide coverage of pension insurance and the large number of participants, a large amount of pension insurance funds can be raised during its operation, which can provide a huge source of funds for the capital market, especially the pension insurance model that implements a fund system. The funds in personal accounts
The accumulation is calculated over decades, making the pension insurance fund larger in scale and providing more funds for the market. Through the operation and utilization of large-scale funds, it is conducive to the country's macro-control of the national economy.
In China, before the 1990s, a single pension insurance system was implemented for enterprise employees.
In 1991, the "Decision of the State Council on the Reform of the Pension Insurance System for Enterprise Employees" clearly stated: "With the development of the economy, a system that combines basic pension insurance with enterprise supplementary pension insurance and employee personal savings pension insurance will be gradually established."
Since then, China has gradually established a multi-level pension insurance system.