Government subsidy standard for endowment insurance

The government subsidy standards for endowment insurance are as follows:

1. Old-age insurance: the unit pays 20% and the individual pays 8%, of which 8% goes into the personal account;

2. Medical insurance: the unit pays 8% or 9%, and the individual pays 2%, of which 2.8% goes to the personal medical insurance card;

3. Unemployment insurance: the unit pays 1.5%, and the individual pays 0.5% for employees to receive unemployment benefits from the society when they are unemployed;

4. Work injury and maternity insurance: the bonus is 1 and 0.8% respectively. Some local units pay in full, and some places deduct employees 1 yuan every month, and claim compensation from the insurance company when they are injured at work. Maternity insurance is the expenses incurred by female employees when they give birth, which shall be borne by the social security department;

5. Housing accumulation fund: the unit pays 65,438+00% and the individual pays 65,438+00%, all of which are deposited in the personal account, which can be withdrawn when buying a house or used as a house loan with low interest.

The endowment insurance process is as follows:

1. Pay the old-age insurance: First of all, you need to pay the old-age insurance premium in your unit or individual, and the payment method is generally monthly;

2. Apply for an endowment insurance card: after paying the endowment insurance premium, you need to apply for an endowment insurance card. Generally, in the Social Security Bureau or the People's Social Security Bureau, you need to provide ID cards, household registration books and other relevant documents;

3. Submit an application: When the insured reaches the legal retirement age, he can submit a retirement application to the Social Security Bureau or the Human Resources and Social Security Bureau. When applying, he needs to provide ID card, household registration book, pension insurance card and other relevant documents;

4. Review: The Social Security Bureau or the People's Social Security Bureau will review the applicant's information and go through retirement procedures only after it is confirmed to be correct;

5. Receive a pension: After going through the retirement formalities, the applicant can receive a pension at a designated bank or social security bureau.

To sum up, the basic old-age insurance premium refers to the old-age insurance premium paid by units and individuals according to a certain proportion. The scope of payment of basic old-age insurance premiums includes employees of enterprises, staff of government agencies and institutions, urban and rural residents and flexible employees who participate in old-age insurance.

Legal basis:

Article 12 of the Social Insurance Law of People's Republic of China (PRC)

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.