What kinds of endowment insurance are there? What are the sources of social security funds?

1. What kinds of endowment insurance are there?

There are two main types of endowment insurance: basic endowment insurance and endowment insurance for urban and rural residents.

1, the basic old-age insurance, also known as the basic old-age insurance for urban workers, is the old-age insurance in the eyes of ordinary people. Employees of enterprises, institutions and flexible employees all participate in this insurance.

The monthly average of the total income of employees in the previous year is calculated based on the payment base, and the payment ratio is determined locally according to the income and expenditure of insurance funds. Enterprise employees generally have to pay five insurances together. Generally speaking, a simple calculation of old-age insurance costs eight or nine thousand yuan a year.

The proportion of employees' individual contributions is 8% of the payment base. That is, all the money paid by employees goes into personal accounts, and employees will not suffer.

However, flexible employees have to bear all the expenses themselves. If they pay at the rate of 20%, only 8% will go into the personal account, which is 40%.

2. Endowment insurance for urban and rural residents. It is a kind of welfare insurance, which takes care of those who have no ability and conditions to participate in employee pension insurance. Mainly for farmers and urban unemployed.

The payment amount of this kind of endowment insurance is directly determined according to the local economic and social development. The initial payment level ranges from RMB 100 to RMB 2,000 12 per year. In 20 18, the payment grades in Henan province ranged from 5,000 yuan in 200 yuan, from 100 yuan to 5,000 yuan in Qingdao, and from 1000 yuan to 9,000 yuan in Beijing.

The money paid by urban and rural residents' endowment insurance also goes into personal accounts. In the case of the death of the insured, the personal account can be inherited, but only the amount paid by the employee himself and the interest generated.

2. What are the sources of social security funds?

The sources of social insurance funds in China can be roughly divided into four aspects:

1, the insurance premium paid by the insured according to a certain proportion of his salary income (if the salary income cannot be determined according to the average salary of employees);

2. The insurance premium paid by the insured unit according to a certain proportion of the total wages of the employees of the unit;

3. Social insurance fund subsidies;

4. Bank interest or return on investment from social insurance funds and social donations.