Endowment insurance for urban workers (occupational insurance)
● Payment ratio: the enterprise pays 20% of the employee payment base, and the employee pays 8%.
● Account management: the combination of social pooling and personal accounts.
● Receiving conditions: enterprise employees reach the legal retirement age (60 years for male employees, 55 years for female cadres and 50 years for female employees), and they can receive the basic pension on a monthly basis after they have paid 15 years.
● Calculation method of basic pension: basic pension = basic pension+personal account pension. The monthly standard of basic pension at retirement is based on the average monthly salary of local employees in the previous year and my indexed monthly salary, and the payment is paid to 1% every1year. The monthly standard of personal account pension is the amount of personal account storage divided by the number of months, which is determined according to the average life expectancy of urban population and its retirement age and interest when employees retire. For example, if you retire at the age of 45 (a special type of work for female employees), you will get: the total personal account x1/216; Monthly income of 50-year-old retirement: total personal account x1195; Monthly income of 55-year-old retirement: total personal account x1170; Monthly income of retirement at the age of 60: total personal account x1139.
● The payment standard for urban individual industrial and commercial households and flexible employees to participate in the basic old-age insurance is 20% of the average salary of local employees in the previous year, of which 8% is credited to personal accounts. After retirement, the basic pension will be calculated and paid according to the basic pension calculation method for enterprise employees.
● Payment base: the approved payment base is based on the local average social wage of employees in the previous year (referred to as provincial social wage). (a) the wage income of enterprise employees is lower than 60% of the province's social wages, and the payment base is approved by 60%; If it is higher than 60% of the provincial social wage, the payment base shall be approved according to the actual wage income, but it shall not be higher than 300% of the provincial social wage. (two) individual workers can independently determine the payment base within the scope of more than 300% of the province's social wages. New countryside
Rural hukou endowment insurance (new rural insurance)
● Coverage: Rural residents who have reached the age of 16 (excluding students at school) and have not participated in the basic old-age insurance for urban workers can voluntarily participate in the insurance at their domicile.
● Payment method: The new rural endowment insurance fund consists of individual contributions (divided into five grades: annual contributions 100, 200, 300, 400, 500), collective subsidies and government subsidies (minimum annual 30 yuan).
● Eligibility: Elderly people with rural household registration who have reached the age of 60 and do not enjoy the basic old-age insurance for urban workers can receive a monthly pension.
● Monthly amount: basic pension = total payment1139, basic pension 55 yuan, total payment = all individual contributions+all collective subsidies+all government subsidies+interest, etc.
● When the new rural insurance system is implemented, those who have reached the age of 60 and have not enjoyed the basic old-age insurance benefits for urban workers can receive the basic pension on a monthly basis without paying fees, but their eligible children should pay insurance premiums; If the age is less than 15, the annual payment is allowed, and the accumulated payment shall not exceed15; If the age is above 15, the fee shall be paid annually, and the accumulated fee shall not be less than 15.
● When the insured person dies, in addition to government subsidies, the balance of personal account funds can be inherited according to law; The balance of government subsidies is used to continue to pay the pensions of other insured persons.
urban residents endowment insurance
● Coverage: Non-employed urban residents who have reached the age of 16 (excluding students at school) and do not meet the requirements for participating in the basic old-age insurance for employees may voluntarily participate in the insurance at their domicile.
● Payment method: residents pay (divided into 10 grades: annual payment 100, 200, 300, 400, 500, 600, 700, 800, 900, 1000) and government subsidies (minimum annual 30 yuan).
● Enjoy treatment: Insured residents who have reached the age of 60 can receive monthly pensions including basic pensions and personal account pensions. Urban residents who have reached the age of 60 and meet the prescribed conditions can receive basic pensions on a monthly basis without paying fees. ● When the system is implemented, those who have reached the age of 60 and do not enjoy the basic old-age insurance benefits for urban workers can receive the basic pension on a monthly basis without paying fees, but their eligible children should pay for insurance; If the age is less than 15, the annual payment is allowed, and the accumulated payment shall not exceed15; If the age is above 15, the fee shall be paid annually, and the accumulated fee shall not be less than 15.
● When the insured person dies, in addition to government subsidies, the balance of personal account funds can be inherited according to law; The balance of government subsidies is used to continue to pay the pensions of other insured persons.