On endowment insurance for laid-off workers: 1. On the problem of living difficulties: For the basic living guarantee for unemployed workers who have terminated their labor relations, according to the relevant policies and regulations of social assistance, families with monthly per capita income below 160 yuan can apply for the minimum living guarantee. Employees of restructured enterprises who meet the minimum living guarantee conditions may apply to the community or village Committee where the household registration is located. For low-income workers who terminate labor relations, they can apply to the Municipal Social Security Bureau for temporarily sealing up the pension insurance relationship with relevant documents. 2. About the inability to pay the old-age insurance premium: If the relevant national and provincial documents have clear provisions on the old-age insurance policies such as paying social insurance premiums and stopping payment, they shall be implemented according to the policy provisions. Considering that the average social wage of employees has increased rapidly in recent years, in the payment year of 2009, individual industrial and commercial households and flexible employees can still declare the payment base at not less than 90% of the average wage of employees in the city last year. For the insured who have not reached the statutory retirement age, other personnel shall continue to pay the old-age insurance premium in full and on time, except that the old-age insurance relationship can be sealed in accordance with national policies. Persons who have obtained unemployment certificates and failed to seal the pension insurance relationship during the original period of receiving unemployment benefits may apply for extending the sealing time. However, when going through the sealing procedures, the social security fees and interest owed before sealing should be paid off, and the overdue fine for social security fees owed should be properly considered by the social security department according to the specific situation and on the premise of meeting the policy. In the future, if the state introduces a new old-age insurance policy for restructured enterprises, it will be implemented according to the new policy. Knowledge related to endowment insurance: The significance of endowment insurance is mainly reflected in the following aspects: 1, which is conducive to ensuring the reproduction of labor force. The establishment of the old-age insurance system is conducive to the normal intergenerational replacement of the labor force, the retirement of the elderly, the smooth employment of the newly growing labor force and the rationalization of the employment structure. 2. It is beneficial to social security. Endowment insurance provides basic living security for the elderly and makes them feel safe. With the arrival of the aging population, the proportion of the elderly population is increasing and the number is increasing. Old-age insurance guarantees the basic life of elderly workers, which is equivalent to ensuring the basic life of a considerable number of people in society. For on-the-job employees, participating in endowment insurance means that they have expectations for their future old-age life and are free from worries. In terms of social mentality, more people are stable and less impetuous, which is conducive to social stability. 3. It is conducive to promoting economic development. The pension insurance system designed by many countries links fairness with efficiency, especially the partial accumulation and complete accumulation pension fund raising model. The amount of pension received by workers after retirement is directly related to their wage income and payment during their on-the-job work, which can undoubtedly stimulate workers to work actively during their on-the-job work and improve efficiency. In addition, because the pension insurance involves a wide range and a large number of participants, a large amount of pension insurance can be raised in the operation, which can provide a huge source of funds for the capital market. In particular, the endowment insurance mode of fund system is implemented, and the accumulation of funds in individual accounts is calculated in ten years, which makes the endowment insurance fund larger and provides more funds for the market. Through the operation and utilization of large-scale funds, it is conducive to the state's macro-control of the national economy.

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