What is it that Linqu County of Weifang City requires every family to pay endowment insurance? Why is it so different from the insurance amount stipulated by the state?

Individuals pay endowment insurance according to their actual economic situation. After all, the individual pays a little more than the unit pays, so it still depends on his own economic situation, but generally speaking, he still chooses the lowest level.

Personal payment procedure:

To pay in the name of an individual, you need to apply to the social security bureau where your household registration is located. Insurance procedures include: my ID card, two recent bareheaded one-inch photos, insurance premium, application form, etc. And can only apply for pension and medical insurance.

Payment standard: based on the local social wage in the previous year, the pension payment ratio is 20%, and 80% and 100% can be selected.

For example, the average salary of a prefecture-level city is 20,000, then the pension insurance payment is 20,000 * 20% = about 4,000/year, and the medical care is 20,000 *10% = about 2,000/year.

In addition, it is also stipulated that the lowest grade and the highest grade are not less than 60% of the average monthly salary of social workers, and the highest grade is 300% of the average monthly salary of employees. Generally, the lowest grades are mostly.

In addition, the minimum cumulative payment period of endowment insurance is 180 months, that is, 15 years, and medical insurance needs to pay at least 25/30 years. When you reach retirement age, you can apply for pension benefits and medical reimbursement (as long as the renewal premium is normal).

Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.