What are the new rural social security policies in 2023?

The new rural social endowment insurance (hereinafter referred to as the new rural endowment insurance) is a social endowment insurance system organized and implemented by the government, aiming at ensuring the basic livelihood of rural residents in their old age, and establishing a financing model combining individual contributions, collective subsidies and government subsidies. Pension benefits are combined by social pooling and individual accounts, and matched with other social security policies and measures, such as family pension, land security and social assistance. It is an important part of the national social insurance system.

According to the regulations, individuals who participate in the basic old-age insurance will receive the basic pension on a monthly basis if they reach the statutory retirement age and have paid for 15 years. When reaching the statutory retirement age, those who have not reached 15 years can pay the fee to 15 years, or they can be transferred to the new social endowment insurance for rural or urban residents. If you don't choose the above method, you can apply for a one-time payment of personal account storage.

The new rural social endowment insurance (hereinafter referred to as the new rural endowment insurance) is a social endowment insurance system organized and implemented by the government, aiming at ensuring the basic livelihood of rural residents in their old age, and establishing a financing model combining individual contributions, collective subsidies and government subsidies. Pension benefits are combined by social pooling and individual accounts, and matched with other social security policies and measures, such as family pension, land security and social assistance. It is an important part of the national social insurance system.

Payment method of rural endowment insurance:

(1) individual payment. Rural residents who participate in the new rural old-age insurance shall pay the old-age insurance premium according to the regulations. The payment standard is set at 100 yuan per year, which is divided into five grades in 200 yuan, 300 yuan, 400 yuan and 500 yuan. All localities can increase the payment grade according to the actual situation. Insured people choose their own grades to pay, and pay more. The state adjusts the payment grade according to the growth of per capita net income of rural residents.

(2) Collective subsidies. Conditional village collectives shall give subsidies to the insured, and the subsidy standard shall be determined by the villagers' committee holding a villagers' meeting. Encourage other economic organizations, social welfare organizations and individuals to provide financial support for the insured.

(3) government subsidies. The government pays the insured who meets the basic pension conditions of the new rural insurance in full, in which the central government gives full subsidies to the central and western regions and 50% subsidies to the eastern regions according to the basic pension standards determined by the central government.