Endowment insurance, also known as social basic endowment insurance, consists of basic pension paid by social pooling fund and personal account pension. It is an important part of the social security system and one of the five most important social insurances. 1. What does social endowment insurance include? Social endowment insurance includes employee social endowment insurance and resident endowment insurance. Social endowment insurance for employees includes basic endowment insurance, local supplementary endowment insurance and enterprise annuity. Second, the four levels of endowment insurance China's endowment insurance consists of four levels (or parts). The first level is basic old-age insurance, the second level is enterprise supplementary old-age insurance, the third level is personal savings old-age insurance, and the fourth level is commercial old-age insurance. In this multi-level old-age insurance system, the basic old-age insurance is the first and highest level. Basic old-age insurance Basic old-age insurance (also known as national basic old-age insurance) is a social insurance system established by the state and society according to certain laws and regulations to solve the basic life of workers who reach the national working age limit to terminate their labor obligations or quit their jobs because of old age. The basic old-age insurance is based on the principle of ensuring the basic livelihood of retirees. It is mandatory, mutually beneficial and social. Its compulsion is reflected in the legislation and law enforcement of the country, and both enterprises and individuals must participate and must not violate it; Mutual assistance is reflected in the source of endowment insurance expenses, which are generally shared by the state, enterprises and individuals, and are used and paid uniformly, so that employees of enterprises can get living security and realize extensive social mutual assistance; Sociality is reflected in the great influence of endowment insurance, the large number of people enjoying it for a long time and the huge cost. Enterprise supplementary endowment insurance Enterprise supplementary endowment insurance, also known as enterprise annuity, is implemented by national macro-control and internal decision-making of enterprises. It refers to an auxiliary old-age insurance that enterprises voluntarily establish for employees in order to improve their old-age benefits based on their own economic affordability and participation in basic old-age insurance. Supplementary endowment insurance for enterprises is a kind of enterprise behavior. Enterprises with good benefits can be insured more, while enterprises with poor benefits and losses can not be insured. The implementation of enterprise annuity can enable resigned old employees to obtain a higher level of basic pension, which is conducive to stabilizing the workforce and developing enterprise production. Personal savings endowment insurance Personal savings endowment insurance for employees is an integral part of China's multi-level endowment insurance system, and it is a supplementary insurance form for employees to participate voluntarily and choose their own agencies. The purpose of implementing personal savings endowment insurance for employees is to expand the sources of endowment insurance funds, raise endowment insurance funds through multiple channels, and reduce the burden on the state and enterprises; It is conducive to eliminating the long-standing concept that insurance costs are entirely borne by the state, and enhancing employees' awareness of self-protection and their initiative to participate in social insurance; At the same time, it can also promote extensive mass supervision of social insurance work. Commercial endowment insurance Commercial endowment insurance is a long-term personal insurance with the main purpose of obtaining pension. It is a special form of annuity insurance, also known as endowment insurance, and a supplement to social endowment insurance. After paying a certain premium, the insured of commercial endowment insurance can start to receive pension from a certain age. In this way, although the income of the insured is reduced after retirement, he can still maintain his pre-retirement living standard with the help of the pension. Commercial old-age insurance, if there is no special provision, the time interval for the insured to pay the insurance premium is equal, the amount of the insurance premium is equal, the interest rate remains unchanged throughout the payment period, and the number of interest-bearing times is equal to the number of payment times. The above is the whole content of "What does the social endowment insurance include?" I hope everyone will have an overall understanding of this after reading it.
Legal objectivity:
People's Republic of China (PRC) social insurance law
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The state establishes social insurance systems such as basic old-age insurance, basic medical insurance, industrial injury insurance, unemployment insurance and maternity insurance, so as to guarantee citizens' right to receive material assistance from the state and society in accordance with the law when they are old, sick, injured, unemployed and have children.
Regulations on the administration of housing provident fund
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These Regulations shall apply to the deposit, withdrawal, use, management and supervision of housing provident fund in People's Republic of China (PRC).
The term "housing accumulation fund" as mentioned in these Regulations refers to the long-term housing savings paid by state organs, state-owned enterprises, urban collective enterprises, foreign-invested enterprises, urban private enterprises and other urban enterprises, institutions, private non-enterprise units and social organizations (hereinafter referred to as units) and their employees.