The new rural endowment insurance is a social endowment insurance system organized and implemented by the government for the purpose of ensuring the basic life of rural residents in their old age, and it is an important part of the national social insurance system.

according to the principle of combining basic pension with personal account pension, the "new rural insurance" implements the payment methods of individual contribution, collective subsidy and government subsidy, and the central or local government gives full subsidies to the basic pension, so that farmers can receive at least 55 yuan's basic pension when they are 6 years old, and gradually improve their treatment level according to the principle of gradual progress.

Extended information:

Article 4 Fund raising of Guiding Opinions of the State Council on Launching New Rural Social Endowment Insurance Pilot Project. The new agricultural insurance fund consists of individual contributions, collective subsidies and government subsidies.

(1) individual payment. Rural residents who participate in the new rural endowment insurance shall pay endowment insurance premiums according to regulations. At present, the payment standard is set to five grades in 1 yuan, 2 yuan, 3 yuan, 4 yuan and 5 yuan every year, and local governments can add payment grades according to actual conditions. Insured people choose their own grades to pay, and if they pay more, they will get more. The state adjusts the payment grade in a timely manner according to the increase of per capita net income of rural residents.

(2) collective subsidies. Conditional village collectives shall give subsidies to the insured, and the subsidy standards shall be determined by the villagers' committee to convene a villagers' meeting. Encourage other economic organizations, social welfare organizations and individuals to provide financial support for the insured.

(3) government subsidies. The government pays the insured eligible for the new rural insurance basic pension in full, of which the central government gives full subsidies to the central and western regions according to the basic pension standards determined by the central government, and 5% subsidies to the eastern region.

The local government should subsidize the insured person's payment, and the subsidy standard should not be lower than 3 yuan per person per year; Appropriate encouragement may be given to those who choose higher-grade standard payment, and the specific standards and measures shall be determined by the people's governments of provinces (autonomous regions and municipalities). For groups with payment difficulties such as severely disabled people in rural areas, local governments pay part or all of the minimum standard endowment insurance premiums.

Baidu Encyclopedia-New Rural Social Endowment Insurance