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How to calculate the rural social security upgrade?
At the beginning of 1 and 20 15, Ministry of Human Resources and Social Security raised the basic pension for urban and rural residents' old-age insurance from 55 yuan/person/month to 70 yuan/person/month; 2.20 14, Ministry of Human Resources and Social Security merged the original "new rural endowment insurance" and "urban residents' endowment insurance" into "urban and rural residents' endowment insurance"; 3. The amount of personal account storage includes individual contributions over the years, local financial subsidies over the years and their interest. Rural social security, that is, rural social insurance, including rural old-age insurance and rural medical insurance, is guided by government organizations and adopts an institutional model combining social pooling with individual accounts. The rural social security policy is an endowment insurance policy that combines individual contributions, collective subsidies and government subsidies to ensure the basic livelihood of farmers when they are old.
Rural social security is a personal account of old-age insurance that the state establishes a lifelong record for each new rural insurance participant. Individual contributions, collective subsidies, subsidies to the insured by other economic organizations, social welfare organizations and individuals, and subsidies to the insured by local governments are all credited to personal accounts. Personal account savings deposits bear interest every year with reference to the one-year RMB deposit rate of financial institutions announced by the People's Bank of China. The state will establish and improve the financial accounting system of the new agricultural insurance fund. The new agricultural insurance fund is included in the financial special account of social security fund, managed by two lines of revenue and expenditure, accounted for separately, and maintained and increased in accordance with relevant regulations.
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