What new regulations does the state have on social insurance for migrant workers?

The new rural insurance policy is that farmers enjoy the national inclusive pension after reaching the age of 60, which is the new rural insurance. In the past, the old-age insurance was based on farmers' own contributions and self-savings, while the new rural insurance is based on three financing channels: individual contributions, collective subsidies and government subsidies. Subsidies from the central government to local governments are directly supplemented to farmers. The payment structure design of the new rural insurance includes two parts: one is the basic pension, and the other is the personal account pension. The basic pension is fully guaranteed by the state finance.

Rural residents who participate in the new rural old-age insurance shall pay the old-age insurance premium according to the regulations. At present, the payment standard is set at 100 yuan per year, which is divided into five grades: 200 yuan, 300 yuan, 400 yuan and 500 yuan. All localities can increase the payment grade according to the actual situation. Insured people choose their own grades to pay, and pay more. The state adjusts the payment grade according to the growth of per capita net income of rural residents.

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