How to pay the endowment insurance process

The payment process of old-age insurance is to ensure that individuals can pay old-age insurance premiums in full and on time, and to ensure their life after retirement.

First, understand the payment standards and methods.

First of all, individuals need to know the payment standard of their local endowment insurance, which is usually linked to wage income. At the same time, we also need to know the payment methods, such as monthly payment, quarterly payment or annual payment. This information can be obtained through the personnel department of the consulting unit or the local social security agency.

Second, apply for insurance registration

Individuals go through the insurance registration procedures in their units or communities, and provide identity certificates, household registration certificates and other related materials. After successful registration, the individual will get a social security account for subsequent payment and treatment.

Third, payment declaration and approval

Every month or quarter, individuals or units need to declare their pension insurance premiums to social security agencies. You need to provide the list of payers, total wages and other related information when you declare. Social security agencies will check and verify according to the declaration information to determine the amount of endowment insurance premiums that individuals or units should pay.

Iv. payment of endowment insurance premium

After the examination and approval is completed, the individual or unit needs to pay the endowment insurance premium according to the approved amount. Payment can be made by bank transfer, cash payment or online payment. When individuals pay, they should ensure that the payment amount is accurate and keep the payment voucher in time.

Five, query payment records and benefits.

Individuals can check their payment records through the social security agency official website or mobile APP to ensure the accuracy of payment information. When reaching the statutory retirement age, individuals can apply to social security institutions for basic pensions with payment vouchers and relevant supporting materials.

To sum up:

The payment process of old-age insurance includes understanding the payment standard and payment method, handling insurance registration, payment declaration and verification, payment of old-age insurance premium, payment record inquiry and treatment collection. Individuals need to follow the prescribed steps and requirements to ensure that their old-age insurance rights and interests are protected.

Legal basis:

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

Article 60 provides that:

The employing unit shall declare itself and pay social insurance premiums in full and on time, and shall not postpone or reduce the payment except for legal reasons such as force majeure. The social insurance premiums that employees should pay shall be withheld and remitted by the employer, and the employer shall inform me of the details of paying social insurance premiums on a monthly basis.

Individual industrial and commercial households without employees, part-time employees who have not participated in social insurance in the employing units and other flexible employees can pay social insurance premiums directly to the social insurance premium collection agencies.

Article 6 1 stipulates that:

Social insurance premium collection agencies shall collect social insurance premiums in full and on time according to law, and regularly inform employers and individuals of the payment.