The social endowment insurance fund for urban and rural residents consists of individual contributions, collective subsidies and government subsidies. The insured who has reached the age of 60 and meets the requirements for receiving allowances can receive a monthly pension. Pension benefits consist of basic pension and personal account pension. The total amount of personal account storage consists of the total amount of individual contributions, the total amount of government subsidies and interest.
Social endowment insurance for urban and rural residents is a social insurance organized and implemented by the government and an important part of the national social security system.
The social endowment insurance for urban and rural residents adheres to the basic principles of "full coverage, basic protection, flexibility and sustainability", aiming at ensuring the basic livelihood of the insured in old age; Adopt the financing mode of combining individual contributions, collective subsidies and financial subsidies; Adhere to the principle that the level of treatment is equivalent to the level of social development and the rights and obligations are equal, so that the insured can enjoy the fruits of economic and social development.
Old-age insurance will not expire after breaking off diplomatic relations. As long as the cumulative payment period reaches 15, you can enjoy pension benefits after retirement, and intermittent payment will not affect it. Only if you haven't paid to 15 before retirement, you can't enjoy the pension benefits, but you can continue to pay to 15 to receive the basic pension on a monthly basis, or you can transfer to the new rural cooperative medical system.
legal ground
Article 10 of the Social Insurance Law
Employees shall participate in the basic old-age insurance, and the employer and employees shall jointly 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 the endowment insurance of civil servants and staff managed by reference to the Civil Service Law shall be formulated by the State Council.
Which one is more practical?