The Influence of the Integration of Endowment Insurance on Institutions and Institutions

The integration of endowment insurance is an important direction of reform in recent years, and it will also have a certain impact on institutions. This paper will briefly analyze the influence of the merger of endowment insurance in government agencies and institutions from several aspects.

The impact of the merger of endowment insurance in government agencies and institutions is mainly reflected in the following aspects:

Payment standard and proportion: the endowment insurance system generally implemented by government agencies and institutions is a policy guarantee, and the payment standard and proportion are relatively low; The social security system integrated with it generally adopts the payment of endowment insurance according to the proportion of wages, and the payment standard and proportion of government agencies and institutions may be increased accordingly.

Pension calculation and payment: The pension insurance system of government institutions usually calculates the pension according to the length of service, rank and other factors, while the combined pension insurance system usually calculates the pension insurance premium paid by individuals and the upper limit linked to the state. For some employees of government agencies and institutions with long service and high qualifications, the pension may be reduced accordingly.

Transfer and connection: those who have participated in the endowment insurance of government agencies and institutions need to be transferred and connected. After the merger, if people transferred to other regions need to continue to participate in the local social security system, they may need to go through the corresponding transfer procedures, and individuals need to understand and be familiar with the relevant laws and policies of the new region.

In addition to old-age insurance, social security systems such as medical insurance are gradually being implemented and merged. At the same time, in the process of merger, institutions may need to carry out corresponding reforms and adjustments to adapt to the new system and policies.

The integration of endowment insurance is a national reform direction, which will also have a certain impact on public institutions. It is necessary to make appropriate responses and adjustments by understanding relevant policies and regulations.

Legal basis:

People's Republic of China (PRC) social insurance law

Fifteenth basic pension consists of overall pension and individual account pension. The basic pension is determined according to factors such as individual cumulative payment years, payment wages, average salary of local employees, personal account amount, average life expectancy of urban population, etc.

Sixteenth individuals who participate in the basic old-age insurance will receive the basic old-age pension on a monthly basis if they have accumulated contributions for fifteen years when they reach the statutory retirement age. Individuals who participate in the basic old-age insurance can pay less than 15 years when they reach the statutory retirement age. You can receive the basic pension on a monthly basis and transfer it to the new rural social endowment insurance or urban residents' social endowment insurance, and enjoy the corresponding pension insurance benefits according to the regulations of the State Council.