Payment standard of endowment insurance in Shandong Province

The basic old-age insurance payment standards for residents in Shandong Province are as follows:

1. Annual payment grade 300 yuan: The financial subsidy standard is 30 yuan per person per year, all of which are included in the personal account.

2. Pay 500 yuan grade every year: the standard of financial subsidy is 60 yuan per person every year, which is all included in personal account.

3. Pay 800 yuan grade every year: the standard of financial subsidy is 90 yuan per person every year, which is all included in personal account.

4. Pay 1 0,000 yuan per year: the financial subsidy standard is 1.20 yuan per person per year, all of which will be credited to personal account.

5. Pay 1.500 yuan annually: the financial subsidy standard is 1.500 yuan per person per year, all of which will be credited to personal account.

6. Pay 2,000 yuan per year: the financial subsidy standard is 180 yuan per person per year, all of which are included in the personal account.

7. The payment grade is 2,500 yuan per year: the financial subsidy standard is 225 yuan per person per year, of which the provincial finance 150 yuan, which is not lower than that of 75 yuan, is all included in the personal account.

8. Pay 3,000 yuan per year: the financial subsidy standard is 270 yuan per person per year, including provincial financial subsidy 195 yuan, and municipal financial subsidy not less than 75 yuan, all of which are included in personal accounts.

At the same time, Shandong Province has also formulated corresponding payment subsidy policies for poor people, destitute people, poor households with files and cards, and poverty prevention monitoring and assistance targets. Specifically, the government will pay all or part of the premium for the difficult groups who choose the 300 yuan grade standard payment; The government will pay the 30 yuan premium for the needy groups who choose the payment standard of 500 yuan and above, and the rest of the premium payable will be borne by individuals.

Paying endowment insurance has the following benefits:

1. Guarantee basic living: The purpose of endowment insurance is to guarantee the basic living needs of the elderly. By paying endowment insurance, you can get a certain pension after retirement and maintain a normal life.

2. Reduce the burden on children: With the aging of the population, the problem of providing for the aged has become a common burden for society and families. By paying endowment insurance, the elderly can be more independent economically and reduce the financial burden of their children or other family members.

3. Improve the quality of life: Paying endowment insurance can improve the economic income of the elderly, let them enjoy life better and improve their quality of life.

4. Protect the legitimate rights and interests of the elderly: paying endowment insurance is not only for yourself, but also for protecting the legitimate rights and interests of the elderly. By paying endowment insurance, you can enjoy the corresponding pension insurance benefits and safeguard your legitimate rights and interests.

5. Reduce the financial burden: Paying endowment insurance can spread the risk of providing for the aged and reduce the financial burden of the government. The government can disperse the responsibility of providing for the aged to individuals and families through the old-age insurance system, and reduce the dependence on finance.

To sum up, in 2023, the payment standard of basic old-age insurance for residents in Shandong Province is divided into multiple grades, and the insured can choose the grade that suits them according to their own economic situation. At the same time, the government will give a certain premium payment policy to the difficult groups who choose higher-grade standard payment. Individuals who participate in the basic old-age insurance will receive the basic old-age pension on a monthly basis if they have paid a total of fifteen years when they reach the statutory retirement age; If the accumulated payment is less than fifteen years, you can pay for fifteen years or transfer to other old-age insurance systems to enjoy the corresponding old-age insurance benefits.

Legal basis:

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

Article 16

Individuals who participate in the basic old-age insurance will receive the basic old-age pension on a monthly basis if they have paid a total of fifteen years when they reach the statutory retirement age. Individuals who participate in the basic old-age insurance and pay less than fifteen years when they reach the statutory retirement age can pay for fifteen years and receive the basic pension on a monthly basis; Can also be transferred to the new rural social endowment insurance or urban residents' social endowment insurance, enjoy the corresponding pension insurance benefits in accordance with the provisions of the State Council.