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Will Jiangsu's new rural insurance increase this year?
Coverage: Rural residents who have registered in Jiangsu Province, have reached the age of 16 (excluding students at school) and have not participated in the basic old-age insurance for urban workers can participate in the new rural insurance at their registered residence. Rural residents who participate in the new rural old-age insurance shall pay the old-age insurance premium according to the regulations. The payment standard is set at 100 yuan per person per year, which is divided into six grades: 200 yuan, 300 yuan, 400 yuan, 500 yuan and 600 yuan. Areas with conditions are encouraged to formulate higher-grade payment standards. Insured people choose their own grades to pay, and pay more. According to the requirements of the state and the increase of farmers' income, the province adjusted the payment grade in time. Allow local governments to explore effective payment methods according to system regulations. The government pays the new rural insurance basic pension in full to eligible insured persons. The basic pension is shared by the central finance, provincial finance and local finance. Provincial finance (including central financial subsidies) grants subsidies to counties (cities, districts) according to per capita financial resources, and gives priority to economically weak areas.
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