Legal subjectivity:

Pension insurance automatically comes into effect after the elderly within the legal scope completely or basically withdraw from social working life. The "completeness" mentioned here is characterized by the separation of workers from the means of production; the so-called "basic" refers to the fact that participation in production activities has no longer become the main content of social life. It should be emphasized that the legal age limit (different countries have different standards) is a practical measurement standard. Pension insurance is an important part of the social security system and one of the most important of the five major types of social insurance. The so-called pension insurance (or pension insurance system) is a basic insurance policy provided by the state and society in accordance with certain laws and regulations to solve the basic problems for workers after they reach the working age limit stipulated by the state to be relieved of their labor obligations, or after they have lost their ability to work due to old age. A social insurance system established for life. Pension insurance premiums are divided into three levels: first level, 1,836 yuan; second level, 2,136 yuan; third level, 3,060 yuan. Medical insurance premium levels: first level (5%), 589 yuan; second level (7%), 825 yuan. According to Liao Zheng Fa [2001] No. 24 and Liao Lao She Fa [2002] No. 105, the current basic pension for enterprise retirees consists of three parts, namely: basic pension, transitional pension, and personal account pension. 1. The monthly standard of basic pension is 20% of the average monthly salary of employees in the province in the previous year when the employee retires. If the payment period (including the deemed payment period) exceeds 15 years, an additional 0.6% of the average monthly salary in the province in the previous year will be issued for each year exceeded. . Calculation formula: basic pension = provincial average monthly salary of the previous year × [20% + (payment years - 15) × 0.6%] 2. The transitional pension is based on the individual’s indexed average monthly payment salary multiplied by the payment years before establishing a personal account Multiply the transition coefficient and add the adjustment fee (the adjustment fee is 25 yuan). Calculation formula: Transitional pension = indexed average monthly contribution salary × payment years before establishing a personal account × 1.2% + 25 3. The monthly standard of personal account pension is the amount of personal account savings when the employee retires divided by 120. Calculation formula: Personal account pension = personal account savings amount at retirement ÷ 120 It can be seen that the amount of employee retirement benefits is directly related to the payment years (including the deemed payment years) and the payment level. Regardless of whether you join insurance at the age of 22 or 30, the longer the payment years, the higher the pension level, and the higher the payment level, the higher the pension level. Legal objectivity:

Pension insurance is an important part of the social security system and one of the most important of the five major types of social insurance. The so-called pension insurance (or pension insurance system) is a basic insurance policy provided by the state and society in accordance with certain laws and regulations to solve the basic problems for workers after they reach the working age limit stipulated by the state to be relieved of their labor obligations, or after they have lost their ability to work due to old age. A social insurance system established for life. In 1984, pension insurance systems were reformed across China. In 1997, the Chinese government formulated the "Decision on Establishing a Unified Basic Pension Insurance System for Enterprise Employees" and began to establish a unified basic pension insurance system for urban enterprise employees across the country. The origin of the pension insurance system: China’s basic pension insurance system implements a model that combines social pooling and personal accounts. Basic pension insurance covers employees of various urban enterprises; all urban enterprises and their employees must fulfill their obligation to pay basic pension insurance premiums. At present, the enterprise contribution ratio is about 20% of the total salary, and the individual contribution ratio is 8% of the personal salary. Part of the basic pension insurance premiums paid by the enterprise is used to establish the overall pool fund, and part is transferred to the personal account; the basic pension insurance premiums paid by the individual are included in the personal account. The basic pension is composed of a basic pension and a personal account pension. The basic pension is paid from the social pooling fund. The monthly basic pension is 20% of the employee’s average social salary. The monthly personal account pension is 1/1 of the accumulated amount of the personal account fund. 120. Personal account pensions can be inherited. For employees who worked before the implementation of the new system and retired after it was implemented, additional transitional pensions will be provided. Development of the pension insurance system: After several years of advancement, the number of employees covered by the basic pension insurance has increased from 86.71 million at the end of 1997 to 108.02 million at the end of 2001; the number of people receiving basic pensions has increased from 25.33 million to 33.81 million. The average monthly basic pension also increased from 430 yuan to 556 yuan. In order to ensure that basic pensions are paid out in full and on time, the Chinese government has made efforts in recent years to improve the coordination level of basic pension insurance funds, gradually implement provincial-level coordination, and continuously increase financial investment in basic pension insurance funds. From 1998 to 2001, the central government’s expenditure on basic pension insurance subsidies alone reached 86.1 billion yuan. At present, it has been basically realized that basic pensions are paid out by social service institutions (such as banks and post offices). In 2001, the socialized payment rate of basic pensions reached 98%. In addition, the original pension security system is still implemented for employees and retirees of government agencies and institutions. In 1991, some rural areas in China began piloting a pension insurance system. The rural pension insurance system is based on the basic principle of "individual contributions as the mainstay, collective subsidies as a supplement, and government policy support" as the basic principle, and implements a personal account model of fund accumulation. Starting from 2009, the pilot project of new rural social pension insurance has been carried out. Multi-level pension insurance system: The multi-level pension insurance system refers to the fact that when my country's economy is underdeveloped, the pension insurance can not only play the role of ensuring life and stabilizing society, but also adapt to the needs of different economic conditions, so as to facilitate To improve labor productivity, a system has been established that combines the national basic pension insurance with enterprise supplementary pension insurance and employee personal savings pension insurance. The first level is basic pension insurance, which is also the highest level. It is a pension insurance system that is enforced in accordance with unified national policies and applicable to all types of urban enterprises in principle to protect the basic living needs of retirees.

The second level is enterprise supplementary pension insurance implemented by national macro-control and internal enterprise decision-making. It refers to a kind of enterprise voluntarily established for employees of the enterprise based on its own economic capacity and under the implementation policies and conditions prescribed by the state. Supplementary pension insurance. The third level is personal savings pension insurance, which refers to a pension insurance method in which individual workers voluntarily participate and choose the agency under national macro-control based on their own economic capabilities and in order to meet higher life needs. The significance of implementing a multi-level pension insurance system is that it can appropriately control the increase in the level of national statutory basic pension insurance benefits without reducing the basic living standards of employees after retirement, thereby maintaining a healthy operation and long-term development of the pension insurance system. .