How do 59-year-old rural elderly buy social security?

The process of purchasing social security for the 59-year-old rural elderly is as follows:

1, eligible rural residents can apply to the local villagers' student security service station with their ID card and photocopy, household registration book and related documents (the elderly over 60 years old carry three recent one-inch bareheaded photos), fill in the new rural social endowment insurance registration form, and the registration will be reviewed by the village, town (township) people's livelihood security service station (center) and reported to the Municipal Social Security Bureau for review and confirmation.

2, the new agricultural insurance fund consists of individual contributions, collective subsidies, government subsidies, take the form of annual payment;

3. At present, the payment standard of the new rural insurance is set at 100 yuan, 200 yuan, 300 yuan, 400 yuan, 500 yuan, 600 yuan, 700 yuan, 800 yuan, 900 yuan, 1000 yuan, 1500 yuan and 2000 yuan 12 grades;

4. The basic old-age insurance premium for urban and rural residents shall be paid annually. You can also choose a one-time payment before the age of 60 (full payment must be made in 15 years) or a one-time payment at the age of 60. One-time payment or supplementary payment can only be made at the rate of 10% or above.

Pay rural endowment insurance and enjoy the rights and interests:

1. If the insured dies during the payment period, the individual shall pay all the principal and interest and return it to his legal heir or designated beneficiary;

2. The insured receives a pension with a guarantee period of ten years. If a person dies after receiving a pension for less than ten years, the pension balance during the security period can be inherited. If there is no heir or designated beneficiary, the funeral expenses shall be paid in accordance with the relevant provisions of the rural social endowment insurance management institution. If the recipient has lived for more than ten years, the pension will be paid until death;

3, the insurance object from the county (city) moved to other places. Where the rural social endowment insurance system has not been established, the principal and interest paid by the individual can be refunded to me;

4. If the insured recruits, takes part in work, takes exams, etc. , the insurance relationship (including funds) can be transferred to a new insurance track, or all the principal and interest paid by the individual can be returned to him.

To sum up, social security generally refers to social insurance. Social insurance refers to a social and economic system that provides income or compensation for people who lose their ability to work, are temporarily unemployed or suffer losses due to health reasons.

Legal basis:

Article 20 of People's Republic of China (PRC) Social Insurance Law

The state establishes and improves the new rural social endowment insurance system. The new rural social endowment insurance combines individual contributions, collective subsidies and government subsidies.

Article 21

The treatment of new rural social endowment insurance consists of basic pension and personal account pension. Rural residents who participate in the new rural social endowment insurance meet the conditions stipulated by the state and receive the benefits of the new rural social endowment insurance on a monthly basis.