Is the endowment insurance handled by the Social Security Bureau?

Self-payment of endowment insurance shall be handled in the community social security center where the household registration is located. Paid by the unit, handled by the unit in the social security center.

Old-age insurance, the full name of social basic old-age insurance, is a social insurance system established by the state and society according to certain laws and regulations for workers to reach the working age limit stipulated by the state to terminate their labor obligations or to retire from their jobs because of old age. Endowment insurance is an important part of social security system and one of the four most important social insurances. The purpose of endowment insurance is to protect the basic needs of the elderly and provide them with a stable and reliable source of life.

In case you don't live long enough to retire, your pension won't be gray. Details are as follows:

Although it will not be paid for nothing, the amount returned will be different according to the types of endowment insurance we pay.

1. Take employee pension insurance as an example. * * * There are two accounts, and the money we deposited in the overall account will not be returned; But the money deposited in the personal account will be returned to the family with interest.

2. There is no overall account for residents' pension insurance, and all the pensions paid are deposited in personal accounts, and the subsidies given by the state will also go to this account.

To sum up, endowment insurance is generally handled by setting up social insurance agencies in the overall planning area.

Legal basis:

People's Republic of China (PRC) social insurance law

Article 72

Set up social insurance agencies in the overall planning area. According to the needs of the work, with the approval of the local social insurance administrative department and the organization management organ, the social insurance agency may set up branches and service outlets in this overall planning area. The personnel expenses of social insurance agencies and the basic operating expenses and management expenses incurred in handling social insurance shall be guaranteed by the finance at the same level in accordance with state regulations.