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What does rural pension insurance mean?

Rural pension insurance is a pension insurance that villagers with agricultural registered permanent residence participate in in accordance with the law at the local social security agency, which can ensure that they receive material assistance from the state and society when they are old.

The pension insurance can be paid annually by the insured according to different levels.

Legal Basis Article 4 of the "Opinions on Establishing a Unified Basic Pension Insurance System for Urban and Rural Residents" The pension insurance fund for urban and rural residents consists of individual contributions, collective subsidies, and government subsidies.

(1) Individual payment.

Persons participating in the pension insurance for urban and rural residents shall pay pension insurance premiums in accordance with regulations.

The payment standard is currently set at 12 levels of 100 yuan, 200 yuan, 300 yuan, 400 yuan, 500 yuan, 600 yuan, 700 yuan, 800 yuan, 900 yuan, 1000 yuan, 1500 yuan, and 2000 yuan per year, and the province (region, city)

) The people's government may add payment levels based on actual circumstances. In principle, the highest payment level shall not exceed the annual payment amount of local flexible employment personnel participating in employee basic pension insurance, and shall be reported to the Ministry of Human Resources and Social Security for filing.

(2) Collective subsidies.

The amount of subsidies and subsidies shall not exceed the highest payment level standards set by the local area.

(3) Government subsidies.