How to pay the rural individual endowment insurance?

The payment methods of rural individual endowment insurance are as follows:

1. Regular payment is adopted in areas and people with relatively stable or rich income. For example, township enterprises can pay premiums monthly and quarterly, and farmers in rich areas can pay premiums half a year or a year. The payment amount can be paid according to the proportion of income or a certain amount;

2. Irregular payment is adopted in most areas due to unstable income. Pay more in good years, pay less in young years and pay less in bad years. Pay when the family income is good, and don't pay when it is bad;

3, a one-time payment, mostly older farmers, according to the level of security after their old age, a one-time payment of premiums, until the age of 60, according to the provisions of the pension.

Conditions for receiving old-age insurance:

1, has reached the statutory retirement age and has gone through retirement procedures;

2, units and individuals to participate in old-age insurance and fulfill the obligation to pay old-age insurance premiums;

3. The individual payment is at least 15 years (the payment period in the transition period includes the deemed payment period). At present, the legal retirement age of enterprise employees in China is: male employees are 60 years old; Female employees engaged in management and scientific research are 55 years old; Female workers engaged in production and auxiliary work are over 50 years old, and female freelancers and individual industrial and commercial households are over 55 years old.

To sum up, buying old-age insurance in rural areas can be based on villages or individuals.

Legal basis:

Article 10 of People's Republic of China (PRC) Social Insurance Law

Employees shall participate in the basic old-age insurance, and the employer and employees shall jointly pay the basic old-age insurance premium. Individual industrial and commercial households without employees, part-time employees who have not participated in the basic old-age insurance in the employer and other flexible employees can participate in the basic old-age insurance, and individuals pay the basic old-age insurance premium. The measures for the endowment insurance of civil servants and staff managed by reference to the Civil Service Law shall be formulated by the State Council.

Article 11

The basic old-age insurance combines social pooling with individual accounts. The basic old-age insurance fund consists of employers, individual contributions and government subsidies.

Article 12

The employing unit shall pay the basic old-age insurance premium according to the proportion of the total wages of its 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.

Article 16

Individuals who participate in the basic old-age insurance will receive the basic old-age pension on a monthly basis if they have paid a total of fifteen years when they reach the statutory retirement age. Individuals who participate in the basic old-age insurance and pay less than fifteen years when they reach the statutory retirement age can pay for fifteen years and receive the basic pension on a monthly basis; Can also be transferred to the new rural social endowment insurance or urban residents' social endowment insurance, enjoy the corresponding pension insurance benefits in accordance with the provisions of the State Council.

Article 19

If an individual is employed across the overall planning area, his basic old-age insurance relationship will be transferred with him, and the payment period will be calculated cumulatively. When an individual reaches the statutory retirement age, the basic pension is calculated in stages and distributed uniformly. Specific measures shall be formulated by the State Council.

Article 20

The state establishes and improves the new rural social endowment insurance system. The new rural social endowment insurance combines individual contributions, collective subsidies and government subsidies.