Payment period of rural endowment insurance

The payment period of rural endowment insurance needs to be determined according to the specific provisions of the local social security bureau.

There is no uniform regulation on the payment period of rural old-age insurance in China, and it is usually only necessary to complete the payment within the current year. The payment time may vary from place to place, and the specific deadline needs to be consulted with the local social security bureau. Under normal circumstances, payment will be started in the second half of the year, and the village collective will inform farmers to pay in advance. In addition, rural endowment insurance supports intermittent payment, as long as the cumulative payment period reaches 15 years. The state encourages one-time payment of multi-year fees in accordance with the principle of paying more and getting more to meet the needs of different groups.

Payment method of rural endowment insurance:

1, monthly payment: the insured pays the endowment insurance premium to the designated toll collection agency every month;

2. Pay quarterly: the insured can choose to pay the endowment insurance premium once every quarter;

3. Annual payment: the insured pays the endowment insurance premium once a year, usually at the beginning of the year;

4. One-time payment: the insured can choose to pay the endowment insurance premium for several years in one lump sum.

To sum up, the payment period of rural endowment insurance should be completed within one year according to local conditions, and intermittent payment is supported, with a total validity of 15 years. At the same time, the state advocates paying more and getting more, allowing one-time payment of multi-year fees to meet the needs of different groups of people for old-age security.

Legal basis:

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

Article 11

The basic old-age insurance combines social pooling with individual accounts. The basic old-age insurance fund consists of employers, individual contributions and government subsidies.

Article 12

The employing unit shall pay the basic old-age insurance premium according to the proportion of the total wages of its employees stipulated by the state, and record it in the basic old-age insurance pooling fund. Employees shall pay the basic old-age insurance premium in accordance with the proportion of wages stipulated by the state and record it in their personal accounts. Individual industrial and commercial households without employees, part-time employees who have not participated in the basic old-age insurance in the employing unit and other flexible employees who have participated in the basic old-age insurance shall pay the basic old-age insurance premiums in accordance with state regulations and record them in the basic old-age insurance pooling fund and individual accounts respectively.