Study on the Endowment Insurance for Land-expropriated Farmers in Gansu Province

Generally speaking, landless farmers can enjoy the old-age insurance for landless farmers. The so-called endowment insurance for land-expropriated farmers refers to a social security system established by the state to ensure that farmers whose land has been expropriated according to law have a good old age. The purpose is to provide long-term and reliable basic living security for farmers who have lost their land due to land acquisition according to law when they are old. Many people will ask, which is more cost-effective: endowment insurance for landless peasants or rural social security? In fact, the old-age insurance for landless farmers and rural old-age insurance are different in principle and cannot be compared. Simply put, the old-age insurance for landless peasants is based on the principle of landless peasants, while rural social security is based on age and work. There are also differences in the collection of insurance benefits between the two types of endowment insurance.

The formula for receiving old-age insurance benefits for landless farmers:

(a) the age payment standard for receiving the treatment of landless farmers is divided into:

1. If the individual fails to pay, 80 yuan/person/month;

2. The individual payment is 3,600 yuan, 120 yuan/person/month;

3. If the individual pays 6600 yuan, 160 yuan/person/month.

(two) the landless peasants who are included in the old-age insurance can enjoy the basic old-age insurance benefits for landless peasants from the next month when men reach the age of 60 and women reach the age of 55.

Before the implementation of these measures, the uninsured landless farmers, men over 60 years of age and women over 55 years of age, shall pay the basic old-age insurance premium by the government from the date of implementation of these measures.

When the land-expropriated farmers reach the above-mentioned age, I hold my ID card and the registration certificate of basic old-age insurance for land-expropriated farmers to the rural social old-age insurance management office of the Labor and Social Security Bureau to go through the formalities for collecting the basic old-age insurance payment.

Payment formula of rural social security endowment insurance:

Pension treatment consists of basic pension and personal account pension, which is paid for life.

The basic pension standard stipulated by the central government is 55 yuan per person per month (in some places, 70 yuan). All localities can raise the basic pension standard according to the actual situation. For rural residents who have paid for a long time, the basic pension can be appropriately increased, and part of the increased and increased funds will be paid by local finance.

The monthly calculation and payment standard of personal account pension is the total amount of personal account divided by 139 (the same as the current calculation and payment coefficient of personal account pension of basic old-age insurance for urban employees). When the insured dies, the balance of personal account funds can be inherited according to law, except for government subsidies; The balance of government subsidies is used to continue to pay the pensions of other insured persons.

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