How to pay the endowment insurance for people's livelihood in Shanxi

Minsheng Shanxi endowment insurance is as follows:

1, bring my ID card and prepare two recent one-inch bareheaded photos, insurance premium, application and other materials;

2. Go to the local social security bureau. When individual industrial and commercial households or flexible employees participate in endowment insurance, they shall pay the basic endowment insurance premium at 20% of the average monthly salary of on-the-job workers, which shall be paid for fifteen years.

Conditions for payment of endowment insurance:

L, the start date of insurance payment is 60 years old;

2. Persons who are over 45 years old but under 6 0 years old on the starting date of insurance payment, who are insured according to regulations and have paid the endowment insurance premium for the corresponding years in full, and who are over 60 years old;

3. The starting date of insurance payment is under 45 years old, and the insurance is insured according to regulations, and the payment period exceeds 15 years and exceeds 60 years old.

To sum up, endowment insurance is an important part of the social security system and one of the five most important social insurances.

Legal basis:

Article 11 of the Social Insurance Law of People's Republic of China (PRC)

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.