How much is the basic pension for rural insurance in Sichuan?

The basic pension for rural insurance in Sichuan is per person per month 128 yuan.

The minimum standard of basic pension for urban and rural residents in Sichuan Province will be per person per month 128 yuan from March 2024. Farmers need to pay at least 15 years of old-age insurance before reaching the age of 60. If you don't meet this condition, you can also pay it in one lump sum to ensure that you receive a pension after 60 years old. The amount of farmers' pension depends on the individual's payment grade.

Pension grades in Sichuan Province:

Urban and rural residents can choose different pension insurance payment grades, including 200 yuan, 300 yuan, 400 yuan, 500 yuan, 600 yuan, 700 yuan, 800 yuan, 900 yuan, 1000 yuan, 1500 yuan, 2,000 yuan, 3,000 yuan, 4,000 yuan, 5,000 yuan and 6,000 yuan. Different payment grades will receive different amounts of subsidies from relevant departments, ranging from 40 yuan to 280 yuan.

To sum up, rural residents pay 10% to 50%, and urban residents pay 40% and 50%.

Legal basis:

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

Article 16:

Individuals who participate in the basic old-age insurance will receive the basic old-age pension on a monthly basis if they have paid a total of fifteen years when they reach the statutory retirement age. Individuals who participate in the basic old-age insurance and pay less than fifteen years when they reach the statutory retirement age can pay for fifteen years and receive the basic pension on a monthly basis; Can also be transferred to the new rural social endowment insurance or urban residents' social endowment insurance, enjoy the corresponding pension insurance benefits in accordance with the provisions of the State Council.