When did rural social security begin to be paid?

When did rural social security begin to be paid?

Rural social security 1992 began to be paid.

Rural social security, that is, rural social insurance, including rural old-age insurance and rural medical insurance, is an old-age insurance policy that is guided by government organizations, adopts the system mode of combining social pooling with individual accounts, and adopts the financing mode of combining individual contributions, collective subsidies and government subsidies to protect farmers' basic livelihood in their later years.

To sum up, rural social security began to pay in 1992. Guided by government organizations, the system model of combining social pooling with individual accounts is adopted to provide basic living security for rural residents.

Legal basis:

Article 20 of People's Republic of China (PRC) Social Insurance Law stipulates: "The state establishes and perfects a new rural social endowment insurance system. The new rural social endowment insurance implements an institutional model that combines individual accounts with basic pensions, and a financing method that combines individual contributions, collective subsidies and government subsidies. "