When will Jiangsu endowment insurance stop paying?

Jiangsu endowment insurance has no plan to stop paying at present.

Endowment insurance is a social insurance system, which aims to provide basic living security for retirees. In Jiangsu, the payment of endowment insurance usually lasts until the insured reaches the legal retirement age and meets the conditions for receiving pension. At present, the endowment insurance system in Jiangsu Province is running well. With the aggravation of the aging trend of society, the importance of endowment insurance is more prominent.

From the policy point of view, the Jiangsu provincial government has been committed to improving and optimizing the old-age insurance system to ensure its sustainability. This means that in the foreseeable future, Jiangsu pension insurance is unlikely to stop paying. On the contrary, with the economic development and social progress, the old-age insurance system may be further adjusted and improved to better protect the rights and interests of the insured.

Benefits of paying endowment insurance:

1. Provide basic living security: Old-age insurance can ensure that the insured receives a monthly pension after reaching the statutory retirement age to ensure their basic living needs.

2. Reduce the burden on children: With the aging of the population, the problem of providing for the aged has become increasingly prominent. If there is old-age insurance, it can reduce the financial burden of children to a certain extent and better take care of their parents' old age.

3. Promote social harmony and stability: The establishment and implementation of the old-age insurance system is conducive to narrowing the gap between the rich and the poor, reducing social instability and promoting social harmony and stability.

To sum up, there is no plan to stop paying endowment insurance in Jiangsu at present, and it is unlikely to happen in the foreseeable future. Insured persons should continue to pay endowment insurance premiums in accordance with relevant regulations, and pay attention to the latest developments of policies to ensure that their rights and interests are protected.

Legal basis:

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

Article 16

Individuals who participate in the basic old-age insurance will receive the basic old-age pension on a monthly basis if they have paid a total of fifteen years when they reach the statutory retirement age. Individuals who participate in the basic old-age insurance and pay less than fifteen years when they reach the statutory retirement age can pay for fifteen years and receive the basic pension on a monthly basis; Can also be transferred to the new rural social endowment insurance or urban residents' social endowment insurance, enjoy the corresponding pension insurance benefits in accordance with the provisions of the State Council.