What kind of insurance is suitable for rural areas?

On October 15, 2011, the country issued a new rural pension insurance policy to bring greater social welfare to the masses. The following are the main contents of the new policy:

1 , Basic Principles

The new rural security work must hold high the great banner of socialism with Chinese characteristics, be guided by Deng Xiaoping Theory and the important thought of "Three Represents", thoroughly implement the Scientific Outlook on Development, and in accordance with accelerating the establishment of a new rural social security system covering urban and rural residents meet the requirements of the social security system and gradually solve the problem of rural residents having old age support. The basic principles of the new rural insurance pilot are "basic protection, broad coverage, flexibility, and sustainability." The first is to proceed from the reality of rural areas, starting from a low level, and the financing standards and treatment standards must be compatible with economic development and the affordability of all aspects; the second is that individuals (families), collectives, and governments reasonably share responsibilities, and rights and obligations correspond; the third is The combination of government leadership and farmer voluntariness guides rural residents to universally participate in insurance; fourth, the central government determines basic principles and main policies, and local governments formulate specific measures to implement territorial management of insured residents.

2. Mission objectives

Explore the establishment of a new rural insurance system that combines individual contributions, collective subsidies, and government subsidies, implement social pooling and personal accounts, and integrate family pensions and land Social security, social assistance and other other social security policies and measures should be matched to ensure the basic living standards of rural residents in the elderly. In 2009, the pilot coverage was 10% of the counties (cities, districts, and banners) nationwide. Later, the pilot was gradually expanded and implemented nationwide. By 2020, full coverage of rural residents of working age will be basically achieved.

3. Insurance scope

Rural residents who are over 16 years old (excluding school students) and have not participated in the basic pension insurance for urban employees can voluntarily participate in the new rural insurance at their place of residence. Save.

4. Fund Raising

The new rural insurance fund consists of individual contributions, collective subsidies, and government subsidies.

(1) Individual payment. Rural residents participating in the new rural insurance must pay pension insurance premiums in accordance with regulations. The payment standards are currently set at five levels: 100 yuan, 200 yuan, 300 yuan, 400 yuan, and 500 yuan per year. Local governments can add payment levels according to actual conditions. The insured can choose the payment level independently, and the more he pays, the more he will get. The state adjusts payment levels in a timely manner based on the growth of per capita net income of rural residents and other conditions.

(2) Collective subsidies. Village collectives that meet the conditions shall provide subsidies to insured persons for their contributions, and the subsidy standards shall be democratically determined by the villagers' committee convening a village meeting. Encourage other economic organizations, social welfare organizations, and individuals to provide subsidies for insured persons' payment.

(3) Government subsidies. The government will fully pay the basic pension of the new rural insurance to qualified participants. The central government will provide a full subsidy to the central and western regions according to the basic pension standard determined by the central government, and a 50% subsidy to the eastern region.

The local government shall provide subsidies for the insured persons’ payment, with the subsidy standard not less than 30 yuan per person per year; appropriate incentives may be given to those who choose higher-level payment standards, and the specific standards and methods shall be determined by the province ( The district/city) People’s Government determines. For groups with difficulty paying premiums, such as severely disabled people in rural areas, local governments will pay part or all of the minimum standard pension insurance premiums on their behalf.

5. Establishing personal accounts

The state will establish a personal pension insurance account with lifelong records for each new rural insurance participant. Individual contributions, collective subsidies and other economic organizations, social welfare organizations, and individuals' contributions to the insured's contributions, as well as local government's payment subsidies to the insured, are all credited to the individual account. The personal account deposit amount is currently calculated annually with reference to the one-year RMB deposit interest rate of financial institutions announced by the People's Bank of China.

6. Pension benefits

Pension benefits consist of basic pension and personal account pension, and are paid for life.

The basic pension standard determined by the central government is 55 yuan per person per month. Local governments can increase basic pension standards based on actual conditions. For rural residents who have paid contributions for a long time, basic pensions can be appropriately increased. The funds for the increase and additional payments will be spent by local governments.

The monthly calculation and payment standard for personal account pensions is the total amount of savings in the personal account divided by 139 (the same as the current urban employee basic pension insurance personal account pension calculation coefficient). When an insured person dies, the balance of funds in the personal account, except for government subsidies, can be inherited in accordance with the law; the balance of government subsidies is used to continue paying the pensions of other insured persons.

7. Conditions for receiving pension benefits

Elderly people with registered residence in rural areas who are over 60 years old and do not enjoy the basic pension insurance benefits for urban employees can receive pensions on a monthly basis.

When the new rural insurance system is implemented, those who are over 60 years old and do not enjoy the basic pension insurance benefits for urban employees do not need to pay and can receive basic pensions on a monthly basis, but their children who meet the insurance conditions should Insurance payment; if the age of receipt is less than 15 years, premiums should be paid on an annual basis, and retroactive payments are also allowed. The cumulative payment shall not exceed 15 years; if the age of receipt is more than 15 years, premiums shall be paid on an annual basis, and the cumulative payment shall be no less than 15 years.

It is necessary to guide young and middle-aged farmers to actively participate in insurance and pay long-term premiums, so that they can get more benefits if they pay long-term. Specific measures shall be stipulated by the provincial (regional, municipal) people's government.

8. Benefit adjustment

The state will timely adjust the minimum standard of the national new rural basic pension based on economic development and price changes.

9. Fund Management

Establish and improve the financial accounting system of the new rural insurance fund. The new rural insurance fund is included in the special fiscal account of the social security fund, and is managed on two lines of revenue and expenditure. It is kept and accounted separately, and value preservation and appreciation are achieved in accordance with relevant regulations. During the pilot phase, the new rural insurance fund is temporarily managed at the county level. As the pilot is expanded and promoted, the management level will be gradually improved; where conditions permit, provincial management can also be directly implemented.

10. Fund Supervision

Human resources and social security departments at all levels must effectively perform the supervision responsibilities of the New Rural Insurance Fund, formulate and improve various business management rules and regulations for the New Rural Insurance, and standardize the business procedures, establish and improve the internal control system and fund audit system, monitor and regularly inspect the fund raising, transfer, allocation and distribution, and regularly disclose the new rural insurance fund raising and payment information to achieve openness and transparency and strengthen social supervision. The finance, supervision and audit departments shall supervise according to their respective responsibilities and strictly prohibit misappropriation to ensure the safety of funds. The new rural insurance handling agencies and village committees in the pilot areas will publicize the payment and benefits eligibility of insured persons in the village within the administrative village every year, and accept public supervision.

11. Management services

In areas where new rural insurance pilots are launched, rural residents must carefully record insurance premiums and benefits received, establish insurance files, and properly preserve them for a long time. ; Establish a national unified new rural insurance information management system, incorporate it into the construction of the social security information management system ("Financial Insurance Project"), and realize the sharing of information resources with other citizen information management systems; we must vigorously promote social security cards to facilitate participation The guarantor uses the card to pay fees, receive benefits and check his insurance information. Pilot areas should follow the principle of streamlining and efficiency, integrate existing rural social service resources, strengthen the capacity building of new rural insurance, and use modern management methods and government purchasing services to reduce administrative costs and improve work efficiency. The funds for the new rural insurance work shall be included in the fiscal budget of the same level and shall not be spent from the new rural insurance fund.

12. Linkage of relevant systems

In areas where rural social pension insurance (hereinafter referred to as “Old Farmers’ Insurance”) with individual contributions as the mainstay and full personal accounts has been developed, it is necessary to properly handle the issues related to the elderly farmers’ pension insurance. On the basis of solving the issue of creditor's rights of the insurance fund, we will make a good connection with the new rural insurance system. In the new rural insurance pilot areas, all insured persons who have participated in the old rural insurance, are over 60 years old and have received the old rural pension, can directly enjoy the new basic pension; those who have participated in the old rural insurance and are under 60 years old Insured persons who have not received pensions should merge the personal account funds of the old rural insurance into the personal account of the new rural insurance, continue to pay according to the payment standards of the new rural insurance, and enjoy corresponding benefits when they meet the prescribed conditions.

The connection method between the new rural insurance and the basic pension insurance for urban employees and other pension insurance systems will be formulated by the Ministry of Human Resources and Social Security in conjunction with the Ministry of Finance. It is necessary to properly coordinate the new rural insurance system with the social security of land-expropriated farmers, the later support policy for reservoir resettlement, the policy to reward and support rural family planning families, the rural five-guarantee support, social preferential care, and the rural minimum living security system, etc. Specific measures will be studied and formulated by the Ministry of Human Resources and Social Security and the Ministry of Finance in conjunction with relevant departments.

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