The main contents of the old-age insurance system in China

1. Employees shall participate in the basic old-age insurance, and the employer and employees shall jointly pay the basic old-age insurance premium. Generally speaking, the endowment insurance is 20% for the unit and 8% for the individual.

Second, although the cumulative payment period is above 10 or 15, and I have reached the legal retirement age, I can enjoy pension benefits, but the longer the payment period, the more the payment amount, and the more the future pension, and vice versa.

Third, the calculation of the pension level of old-age insurance depends largely on the size of your personal contribution base. Under the same conditions (payment time, retirement age and the same type of work), the pension paid at 100 is definitely more than that at 60. Basic definition of extended data endowment insurance Endowment insurance is a social insurance system established by the state in accordance with relevant laws and regulations to ensure that workers reach the working age limit stipulated by the state, terminate their labor obligations or retire from their jobs because of old age. The purpose is to ensure the basic needs of the elderly through social insurance and provide them with a stable and reliable source of life. Old-age insurance will take effect automatically after the elderly within the legal scope "completely" or "basically" withdraw from social labor life. The so-called completeness is manifested in the separation of workers and means of production; The so-called basic means that participation in production activities has not become the main content of social life. The legal age limit is a practical measure. At the same time, the insured can only meet the following two conditions: (1) meeting the retirement conditions stipulated by the state and handling relevant procedures; According to the provisions of the basic old-age insurance premium accumulated payment period of 15, approved by the administrative department of labor and social security, can receive a monthly basic pension and funeral subsidies. The basic old-age insurance premium is paid jointly by the enterprise and the insured according to different payment ratios. Take the proportion of old-age insurance payment in Beijing as an example: enterprises pay according to 19 of the total payment base every month, and employees pay according to 8 of their wages. The basic function of old-age insurance is based on the living security of the elderly, and an insurance fund is established through redistribution or savings to pay the living expenses of the elderly. Its implementation has the following functions: it is conducive to ensuring the reproduction of the labor force, and the establishment of the old-age insurance system is conducive to the normal intergenerational replacement of the labor force, so that the elderly can be provided with a sense of security, the new labor force can be successfully employed, and the employment structure can be rationalized. Social security and stable old-age insurance provide basic living security for the elderly and make them feel safe. With the arrival of the aging population, the proportion of the elderly population is increasing and the number is increasing. Old-age insurance guarantees the basic life of elderly workers, which is equivalent to ensuring the basic life of a considerable number of people in society. For on-the-job employees, participating in endowment insurance means that they have expectations for their future old-age life and are free from worries. In terms of social mentality, more people are stable and less impetuous, which is conducive to social stability. Conducive to promoting economic development. The old-age insurance system designed by many countries links fairness with efficiency, especially the pension collection mode of partial accumulation and complete accumulation. The amount of pension received by workers after retirement is directly related to their wage income and payment during their on-the-job work, which can undoubtedly stimulate workers to work actively during their on-the-job work and improve efficiency. In addition, because the pension insurance involves a wide range and a large number of participants, a large amount of pension insurance can be raised in the operation, which can provide a huge source of funds for the capital market. In particular, the endowment insurance mode of fund system is implemented, and the accumulation of funds in individual accounts is calculated in ten years, which makes the endowment insurance fund larger and provides more funds for the market. Through the operation and utilization of large-scale funds, it is conducive to the state's macro-control of the national economy. In China, before 1990s, employees in enterprises implemented a single pension insurance system. 199 1 year "the State Council's decision on the reform of the old-age insurance system for enterprise employees" clearly stated that with the development of economy, the system of combining basic old-age insurance with enterprise supplementary old-age insurance and employee personal savings old-age insurance should be gradually established. Since then, China has gradually established a multi-level pension insurance system.

Legal basis:

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

Article 3 The social insurance system adheres to the principles of wide coverage, basic protection, multi-level and sustainability, and the level of social insurance should be compatible with the level of economic and social development.

Article 4 Employers and individuals in People's Republic of China (PRC) shall pay social insurance premiums according to law, and have the right to inquire about payment records and personal rights and interests records, and ask social insurance agencies to provide social insurance consultation and other related services.

Individuals enjoy social insurance benefits according to law and have the right to supervise the payment of their own units.