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How much is the social security fund for the elderly in rural areas every month?
The new rural social endowment insurance (hereinafter referred to as the new rural endowment insurance) is a social endowment insurance system organized and implemented by the government, aiming at ensuring the basic livelihood of rural residents in their old age, and establishing a financing model combining individual contributions, collective subsidies and government subsidies. Pension benefits are combined by social pooling and individual accounts, and matched with other social security policies and measures, such as family pension, land security and social assistance. It is an important part of the national social insurance system. Under the guidance of Scientific Outlook on Development, the new rural old-age insurance should be implemented in depth, and the problem of rural residents' sense of security should be gradually solved in accordance with the requirements of accelerating the establishment of a social security system covering urban and rural residents. The basic principle of the new rural endowment insurance pilot is "basic protection, wide coverage, flexibility and sustainability".
1, starting from the rural reality, starting at a low level, and the financing standards and treatment standards should be adapted to economic development and the affordability of all aspects;
2. Individuals (families), collectives and governments share responsibilities reasonably, and their rights correspond to their obligations; Third, the combination of government-led and farmers' wishes will guide rural residents to participate in insurance; Fourth, the central government has determined the basic principles and major policies, and local governments have formulated specific measures to implement territorial management of insured residents.
Explore the establishment of a new rural insurance system that combines individual contributions, collective subsidies and government subsidies, and implement the combination of social pooling and individual accounts, which are matched with other social security policies and measures such as family pension, land security and social assistance to ensure the basic livelihood of rural residents in the elderly. Rural residents who have reached the age of 16 (excluding students at school) and have not participated in the basic old-age insurance for urban workers may voluntarily participate in the new rural insurance at their domicile.
Legal basis:
Social Insurance Law of People's Republic of China (PRC) (revised on 20 18).
Fifteenth basic pension consists of overall pension and individual account pension.
The basic pension is determined according to factors such as individual cumulative payment years, payment wages, average salary of local employees, personal account amount, average life expectancy of urban population, etc.
Sixteenth individuals who participate in the basic old-age insurance will receive the basic old-age pension on a monthly basis if they have paid for fifteen years at 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.
Seventeenth individuals who participate in the basic old-age insurance, due to illness or non-work-related death, their survivors can receive funeral grants and pensions; Persons who have completely lost their ability to work due to illness or non-work-related disability before reaching the statutory retirement age can receive disability allowance. The required funds are paid from the basic old-age insurance fund.
Article 18 The state establishes a normal adjustment mechanism for basic pensions. According to the average wage increase and price increase of employees, the basic old-age insurance treatment level will be improved in a timely manner.
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