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How much money can you get for paying 3,000 a year for rural social security
Plus the rural pension insurance, each region will have collective subsidies and subsidies, roughly every month may be more than 100 yuan to more than 1,000 yuan, this specific depends on the degree of development of the local economy, like the second and third-tier cities are generally one or two hundred dollars.
Then the individual account pension plus the basic pension, you can receive a monthly pension, the overall can reach about seven or eight hundred dollars.
Legal Basis
The Social Insurance Law of the People's Republic of China
Article 15 The basic pension consists of a coordinated pension and an individual account pension.
The basic pension is determined on the basis of the individual's accumulated years of contribution, the contribution wage, the average wage of local workers, the amount of the individual account, and the average life expectancy of the urban population.
Article 16 Individuals who have participated in the basic pension insurance shall receive a basic pension on a monthly basis if they have accumulated fifteen years of contributions by the time they reach the legal retirement age.
Individuals who have participated in basic old-age insurance and have contributed for less than fifteen years by the time they reach the statutory retirement age may contribute until they reach the full fifteen years, and receive a basic pension on a monthly basis; they may also be transferred to the new type of rural social old-age insurance or the urban residents' social old-age insurance, and enjoy the corresponding old-age insurance benefits in accordance with the provisions of the State Council.
Article 17 Individuals participating in basic old-age insurance may receive funeral grants and pensions for their survivors in the event of their deaths due to illness or not due to work; and they may receive invalidity allowances for those who have become disabled and totally incapacitated due to illness or not due to work when they have not yet reached the legal retirement age. The required funds are paid from the basic pension insurance fund.
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