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How to merge rural endowment insurance and social security?
Rural endowment insurance and social security cannot be combined into one. In China, endowment insurance is divided into three categories: basic endowment insurance for enterprise employees, new rural social endowment insurance and urban residents' social endowment insurance. The latter two categories can also be merged into social endowment insurance for urban and rural residents. However, enterprise social security cannot be merged with rural endowment insurance, and there are certain differences between them. "People's Republic of China (PRC) Social Insurance Law" Article 21 The benefits of new rural social endowment insurance consist of basic pension and personal account pension. Rural residents who participate in the new rural social endowment insurance meet the conditions stipulated by the state and receive the benefits of the new rural social endowment insurance on a monthly basis.
Legal objectivity:
"Social Insurance Law of People's Republic of China (PRC)" 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 for fifteen years at 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. "People's Republic of China (PRC) Social Insurance Law" Article 20 The state establishes and improves a new rural social endowment insurance system. The new rural social endowment insurance combines individual contributions, collective subsidies and government subsidies. "People's Republic of China (PRC) Social Insurance Law" Article 21 The benefits of new rural social endowment insurance consist of basic pension and personal account pension. Rural residents who participate in the new rural social endowment insurance meet the conditions stipulated by the state and receive the benefits of the new rural social endowment insurance on a monthly basis. People's Republic of China (PRC) Social Insurance Law Article 22 The State establishes and improves the social endowment insurance system for urban residents.
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