What is the new rural social endowment insurance?

Let's first understand what rural social security is.

The full name of rural social security should be called new rural social endowment insurance (hereinafter referred to as new rural social endowment insurance), which is a social endowment insurance system organized and implemented by the government to protect the basic life of rural residents in their later years. It is a combination of social pooling and individual accounts, and other social security policies and measures such as family pension, land security and social assistance, and establishes a financing model that combines individual contributions, collective subsidies and government subsidies.

Who can participate in the new rural insurance?

Rural residents who have reached the age of 16 (excluding students at school) and have not participated in the basic old-age insurance for urban workers may voluntarily participate in the new rural insurance at their domicile.

How much does the new rural insurance cost?

Personal payment: the payment standard is set at 100 yuan per year, which is divided into five grades: 200 yuan, 300 yuan, 400 yuan and 500 yuan. Some places will increase the payment level according to the actual situation, that is, pay more and get more.

Government subsidy: The local government subsidizes the insured, and the subsidy standard is not lower than 30 yuan per person per year.

Can I get a pension at the age of 60 without paying? Do I have to pay for it?

Yes, you don't have to pay extra. Elderly people with rural household registration who have reached the age of 60 and do not enjoy the basic old-age insurance for urban workers can receive a monthly pension, but their children who meet the insurance conditions should pay insurance premiums.

What should I do if I am about to turn 60 and the payment period is 15?

At the age of 60, you can have sex once 15 and receive a monthly pension.

If the insured person dies while receiving a pension, the balance and interest in his personal account can be inherited by the heir according to law and will not be "confiscated".

How much can the new rural insurance receive every month?

Pension treatment consists of basic pension and personal account pension, which is paid for life.

Monthly pension payment standard = (total payment of individual account+interest+government subsidy) ÷ 139+55

Suppose the minimum annual payment is 100 yuan, 15 years 1500 yuan.

Calculate the monthly pension according to the formula =( 100 (payment base) * 15 (year) +552 (interest is calculated according to the current one-year bank interest rate of the bank, at 3% interest rate) +30 (government subsidy) * 15 (year)) .20010.000000001105

Pay 100 yuan every year. I have paid 15 years, retired at the age of 60, and can get 73 yuan every month. If you pay in one lump sum, the interest will not be so high, and you will probably get around 70 yuan every month.

The algorithm is calculated like this. The base of each person's payment is different. Perhaps the basic pension and government subsidies in each region will be different, and everyone's interests will be different. According to the relevant formula.

Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.