Rural pension insurance pay 5000 per year to 60 years old can receive how much

According to Lulin.com, rural old-age insurance can be paid 5,000 to 60 years old 640 yuan per month, calculated as follows:5,000 × 15 ÷ 139 (according to the 139 months for the payment) + 100 (the state basic pension per month) = 640 yuan.

Rural old-age insurance is a system of old-age insurance for non-urban residents of rural areas. The basic principles of rural old-age insurance are: the level of protection is commensurate with the development of rural productive forces and the affordability of all parties; old-age insurance is combined with family support, land security, and forms of social assistance; the rights and obligations are relative to each other; priority is given to efficiency, while taking into account the fairness of the system; self-insurance is the mainstay of the system, supplemented by the transfer of the collective (including township and village enterprises and institutions), and the State provides policy support; and the combination of governmental organization and the volunteering of the peasants. The government is also responsible for the implementation of the program.