Payment standard of rural social security in Henan Province

Payment standard of rural old-age insurance: the rural social security payment standard * * * has five payment grades: 100 yuan, 200 yuan, 300 yuan, 400 yuan and 500 yuan (the grades can be increased according to local conditions), and the annual one-time payment is implemented. Insured farmers can choose their own payment grades according to their own economic conditions. The population covered by the newly implemented old-age insurance system is 16 years old (excluding students at school). Residents who have not participated in other social endowment insurance can participate in resident endowment insurance at their domicile. The endowment insurance fund for residents consists of individual contributions, collective subsidies, other subsidies and government subsidies. Residents who participate in the old-age insurance for residents shall pay the old-age insurance premium according to the regulations.

legal ground

Article 12 of the Social Insurance Law of People's Republic of China (PRC) * * * The employing unit shall pay the basic old-age insurance premium according to the proportion of the total wages of 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.