Xuanwei Social Security Bureau of Yunnan Province

Xuanwei City, Yunnan Province, aged 16 (excluding students at school), staff of non-state organs and institutions, and urban and rural residents with household registration in Xuanwei City who are not included in the basic old-age insurance system for employees (hereinafter referred to as the insured) can participate in the old-age insurance for urban and rural residents in the village (neighborhood) where their household registration is located.

Handling insurance procedures: urban and rural residents who meet the insurance conditions need to bring the original and photocopy of their household registration book and resident ID card in duplicate (the original and photocopy of relevant valid certification materials are also required for severely disabled persons of Class I and II and key special care recipients) to go to the village (neighborhood) Committee where their household registration is located to handle insurance, choose the payment grade, and the village coordinator will help with relevant procedures. The system of bank deposit and withholding will be gradually implemented in the collection of insurance premiums, that is, the insured chooses a certain payment grade and deposits it into the bank account of social security card at the time specified by the local government, and the bank transfers it into his personal account every year.

Payment standard: currently set at 100 yuan, 200 yuan, 300 yuan, 400 yuan, 500 yuan, 600 yuan, 700 yuan, 800 yuan, 900 yuan, 1000 yuan, 1500 yuan and 2000 yuan per year. The insured chooses the payment grade independently, and pays the fee annually, with overpayment, overpayment and overpayment.

Eligible insured persons receive a monthly pension and pay it for life from the month after reaching the age of 60. Monthly pension standard = basic pension+personal account pension (total storage amount of personal account139).

The basic old-age insurance system for urban and rural residents is a welfare system to ensure that citizens get material help from the state and society in cases of old age, illness, work injury, unemployment and childbirth.

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