The special account for endowment insurance expenditure of the Social Insurance Administration is a specialized agency responsible for the management and payment of endowment insurance. According to the Social Insurance Law of People's Republic of China (PRC), the Social Insurance Administration is responsible for the management, operation and supervision of social insurance funds, including the management and payment of endowment insurance funds.
The special account for endowment insurance expenditure is a special account established in the Social Insurance Administration for receiving, paying and managing endowment insurance funds. The main responsibility of this special account is to ensure the timely, accurate and compliant payment of endowment insurance and protect the legitimate rights and interests of the insured.
Specifically, the pension insurance expenditure account is responsible for the following aspects:
1. Receiving endowment insurance funds: the endowment insurance funds received from the insured, enterprises and the government are put into the special account for endowment insurance expenditures for centralized management.
2. Payment of old-age insurance: The special account of old-age insurance expenditure regularly pays old-age insurance to eligible insured persons according to the payment records and treatment enjoyment of the insured persons.
3. Managing the endowment insurance fund: The special account for endowment insurance expenditure will manage the investment, preservation and appreciation of the fund to ensure the security and sustainability of the fund.
4. Supervision and management: The special expenditure account for endowment insurance will also supervise its own operation and management to ensure the legality, compliance and transparency of the fund.
To sum up, the special account for endowment insurance expenditure of the Social Insurance Administration is an important institution responsible for managing and paying endowment insurance funds, and plays an important role in protecting the pension rights and interests of the insured.
Legal basis:
The Social Insurance Law of People's Republic of China (PRC) stipulates: "The Social Insurance Administration is responsible for the management, operation and supervision of social insurance funds in accordance with the regulations to ensure the safe, complete and effective use of the funds."