What is social endowment insurance for urban and rural residents?

Social endowment insurance for urban residents is an endowment insurance system covering non-employees with urban household registration. This system, together with the urban workers' endowment insurance system and the new rural social endowment insurance system, constitutes the social endowment insurance system. Establish an old-age insurance system for urban residents that combines individual contributions with government subsidies, social pooling and individual accounts, and match it with other social security policies such as family pension, social assistance and social welfare to ensure the basic livelihood of urban residents in their later years.

Endowment insurance for urban and rural residents is as follows:

1. Individuals who participate in urban and rural old-age insurance, who have reached the age of 60, have paid a total of 15, and have not received the basic old-age security benefits stipulated by the state, can receive the old-age insurance benefits for urban and rural residents on a monthly basis;

2, from the prescribed age less than 15 years, should be paid year by year, but also allowed to pay back, the cumulative payment does not exceed 15 years;

3, from the specified age more than 15 years, should be paid annually, the cumulative payment of not less than 15 years;

4, urban and rural residents pension insurance benefits recipients died, from the next month to stop paying their pensions.

How to handle endowment insurance

1. On-the-job employees in enterprises: Social security and payment for employees working in public institutions are carried out by the unit, and social security includes endowment insurance, so employees do not need to buy endowment insurance themselves;

2. Non-enterprise on-the-job employees: Other employees other than enterprise on-the-job employees need to bring their ID cards, household registration books and other related materials to the local social security management service center to purchase old-age insurance.

I hope the above content can help you. Please consult a professional lawyer if you have any other questions.

Legal basis: Article 10 of the Social Insurance Law of People's Republic of China (PRC).

Employees shall participate in the basic old-age insurance, and the employer and employees shall jointly pay the basic old-age insurance premium.

Individual industrial and commercial households without employees, part-time employees who have not participated in the basic old-age insurance in the employer and other flexible employees can participate in the basic old-age insurance, and individuals pay the basic old-age insurance premium.

The measures for the endowment insurance of civil servants and staff managed by reference to the Civil Service Law shall be formulated by the State Council.