Is rural social endowment insurance social security?

First, is rural social endowment insurance social security?

That's not true. Social insurance, referred to as social security for short, refers to a non-profit social security system with income redistribution function, which is jointly undertaken by government organizations, workers and employers, with the purpose of preventing and forcing most social members to participate. At present, the main items of social insurance in China include endowment insurance, medical insurance, unemployment insurance, maternity insurance and industrial injury insurance. Different types of insurance contain different contents. Medical insurance, for example, is to ensure that the insured get basic medical services.

Second, how to pay rural social endowment insurance

Rural old-age insurance is registered in the village as a unit, so applicants who participate in rural old-age insurance can directly apply to the local village Committee and pay the insurance premium. The payment standard of rural endowment insurance is divided into 13 files. The insured can reasonably choose the payment grade according to their own economic conditions.

Three, the calculation formula of social endowment insurance

Retirement pension = basic pension+personal account pension

Personal account pension = personal account storage amount ÷ months (the number of months is determined according to the retirement age and the average life expectancy of the population at that time. Calculated months are slightly equal to (average life expectancy-retirement age) X 12.

Note: At present, the age of 50 is 195, that of 55 is 170, and that of 60 is 139.

Basic pension = (average monthly salary of employees in the whole province in last year+average monthly payment salary indexed by myself) ÷2× payment period × 1% = average monthly salary of employees in the whole province in last year (1+ average payment index by myself) ÷2× payment period × 1%.

My indexed monthly average payment salary = last year's average monthly salary of employees in the province × my average payment index.

Due to objective reasons, the calculation standards of some cities in China may be different.

The above is the question of whether rural social endowment insurance is social security that I have introduced to you in detail. Both farmers and urban residents should buy social security to protect their own interests.