First, the conditions for participating in the basic old-age insurance for community residents:

1. Have a household registration in this city and be at least 16 years old (except full-time students);

2. Personnel from non-state organs, institutions and social group work;

3. Did not participate in the basic old-age insurance for employees (including the basic old-age insurance for migrant workers with low standard payment and low standard enjoyment, the basic old-age insurance for land-expropriated peasants with low standard payment and low standard enjoyment, and the old-age insurance for rural residents) and the living security for urban elderly residents.

2. How to handle it:

Take the ID card and the original and photocopy of the household registration book to the labor security management station in the street (township) where the household registration is located.

if you are a person with a certificate of assistance for family difficulties, a certificate for disabled people of the People's Republic of China * * * and above, and a certificate of basic living guarantee for disabled people, you also need to bring the original and a copy of the certificate.

3. Payment

Payment is divided into 6 grades, which individuals can choose by themselves, once a year, and the payment time is determined by themselves, but it must be paid before the end of that year. The government gives corresponding subsidies according to the payment grade and counts them into personal accounts.

6 grades:

1 yuan/year, and 5 yuan/year; 3 yuan/year, 6 yuan/year subsidy; 6 yuan/year, 7 yuan/year subsidy; 9 yuan/year, 8 yuan/year subsidy; 12 yuan/year, subsidy 9 yuan/year; 15 yuan/year, 1 yuan subsidy/year.

(Note: the specific charging standards and stalls are different across the country)

IV. How to pay:

The first payment should be made at any business outlet of the designated bank with the Notice of Payment for Social Endowment Insurance for Urban and Rural Residents issued by the labor security management station.

if the insured person who holds the certificate of family distress assistance, the second-class or above certificate of Chinese people's disability and national disability, or the Hangzhou certificate of living security for the disabled chooses the payment grade of 1 yuan/year, the individual payment will be fully borne by the government; If you choose a higher-grade payment, the difference will be made up by the individual.

Insured persons under 45 years old: The accumulative insurance payment must be no less than 15 years.

For example, Mr. Zhao was born on February 1, 1965. From 21, he will pay the annual fee until he is 6 years old (in 225), and he can pay the fee for 16 years. When handling the formalities of receiving a monthly pension, the payment period shall not be less than 15 years.

Insured persons who have reached 45 years of age (under 6 years of age) before January 1 this year: they should pay the annual fee, or they can pay the endowment insurance premium for less than one year; At the age of 6, you can apply for a monthly pension.

For example, Mr. Wang was born on February 1, 1956. From 21, he should pay the annual fee until he is 6 years old (in 216), and the fee will be paid for 7 years. At the same time, you can choose to pay the old-age insurance premium for the insufficient years (that is, 15-7=8 years) at one time. When handling the formalities of receiving a monthly pension, the payment period shall not be less than 7 years.

IV. Supplementing the conversion of several kinds of old-age insurance

According to the policy, if the insured has the payment period of basic old-age insurance for employees, the total principal and interest of individual accounts of social old-age insurance for urban and rural residents can be converted into the payment period of basic old-age insurance for employees when they reach the legal retirement age. The conversion formula is:

the payment period of basic old-age insurance for employees (months) = the total principal and interest of individual accounts of social old-age insurance for urban and rural residents ÷ (the minimum payment base of urban individual workers in this overall planning area × payment ratio at the time of conversion).

if the basic old-age insurance for employees meets the requirements of receiving the basic pension on a monthly basis after conversion, the basic pension shall be calculated according to the provisions of the basic old-age insurance for employees.

for those who do not meet the conditions for receiving the basic old-age insurance after conversion, the total principal and interest of individual accounts of employees' basic old-age insurance can be converted into the payment period of social old-age insurance for urban and rural residents when they reach the age of 6. The conversion formula is:

the payment period of social endowment insurance for urban and rural residents (year) = the total principal and interest of individual accounts of basic endowment insurance for employees ÷ the average payment amount actually paid by the insured in this co-ordination area at the time of conversion. The expenses that have been converted into the payment period of social endowment insurance for urban and rural residents and the balance that has not been divided are all credited to personal accounts.

in addition, the social endowment insurance for urban and rural residents, rural residents' endowment insurance and the original rural social endowment insurance can be connected and converted.

when transferring the old-age insurance, you should go through the formalities

When transferring the old-age insurance relationship out of the urban area, you should take the transfer contact letter issued by the social security agency in the transfer place, and the original and photocopy of your ID card to the social insurance agency in the original household registration area to go through the formalities.

if the social endowment insurance system for urban and rural residents (or the new rural social endowment insurance system) has not been established in the transfer place, the pension insurance relationship and personal account will be temporarily kept until the conditions are met.

if it is still impossible to transfer when you reach the age of 6, the total principal and interest of the individual contributions in your personal account will be returned to you at one time upon your application and approval by the social security agency, and the government subsidies will be transferred to the overall fund, and the pension insurance relationship will be terminated at the same time.

if you transfer to the urban area, you should go through the formalities at the social insurance agency in the district where your household registration is located with the original and photocopy of your ID card and the Personal Account Statement for the years when you participated in the social endowment insurance for urban and rural residents.

5. For other unknown matters, please consult the staff of the labor security management station nearby or call the labor security consultation hotline 12333.

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