Provisions on the payment time of endowment insurance

The payment time of pension is determined according to the date of birth and the time of enrollment of the insured.

1. When will the pension be paid?

According to the relevant laws and regulations of our country, the payment time of pension is determined according to the date of birth and the time of enrollment of the insured. Specifically, within 30 days after the birth of the insured, parents or other legal guardians need to go through the registration formalities at the local social security agency and pay the endowment insurance premium for the first year. Starting from the second year, the insured needs to pay the old-age insurance premium on time within the annual payment period.

Second, when is the pension generally paid?

The payment period of pension is determined according to the age of the insured and local policies. Generally speaking, the insured person needs to pay at least 15 years of old-age insurance premium to receive a pension every month after retirement. However, for some special circumstances, such as illness or accidents, if the insured cannot continue to pay the old-age insurance premium, he can apply to the local social security agency for suspension of payment or one-time settlement of the pension.

Third, the payment standard of pension in 2024

The payment standard of pension is determined according to the base and proportion of the insured. The payment base refers to the base for the insured to pay the endowment insurance premium, which is generally the average monthly salary of the previous year. The proportion of payment refers to the proportion of the endowment insurance expenses that the insured person should pay to the base of payment. According to the regulations of the state, the contribution ratio of the endowment insurance fee is 18% of the payment base, of which 8% is borne by the individual and 10% by the unit.

Four. Suggestions on pension payment

From the above analysis, we can draw the following conclusions and suggestions:

1. The pension payment time is determined according to the date of birth and the time of enrollment. Generally, you need to go through the registration formalities within 30 days after birth and pay the endowment insurance premium for the first year. Starting from the second year, the insured needs to pay the old-age insurance premium on time within the annual payment period.

2. The pension payment period shall be at least 15 years. For some special circumstances, such as illness or accident, you can apply to the local social security agency to stop paying or settle the pension in one lump sum.

3. The payment standard of pension is determined according to the payment base and payment proportion of the insured person, which is generally 18% of my average monthly salary in the previous year, of which 8% is borne by individuals and 0/0% by units.

4. It is suggested that the majority of insured people pay the old-age insurance premium on time to ensure that they can receive enough pension every month to maintain their lives after retirement. At the same time, it is also recommended that you pay attention to local policy changes and relevant notices of social security institutions in order to keep abreast of the latest policies and regulations.

To sum up, it is generally necessary to start paying social endowment insurance one month from the date of employment. And employees participate in the basic old-age insurance, and employers and employees jointly pay the basic old-age insurance premium. The basic old-age insurance fund consists of employers, individual contributions and government subsidies.

Legal basis:

People's Republic of China (PRC) social insurance law

Article 10

Employees shall participate in the basic old-age insurance, and the employer and employees shall jointly pay the basic old-age insurance premium.

Individual industrial and commercial households without employees, part-time employees who have not participated in the basic old-age insurance in the employer and other flexible employees can participate in the basic old-age insurance, and individuals pay the basic old-age insurance premium. The measures for the endowment insurance of civil servants and staff managed by reference to the Civil Service Law shall be formulated by the State Council.

Article 11

The basic old-age insurance combines social pooling with individual accounts.

The basic old-age insurance fund consists of employers, individual contributions and government subsidies.