Rural endowment insurance in Henan province

It is an important social security system, which provides basic living security for rural residents.

First, the basic characteristics of rural endowment insurance in Henan

The rural old-age insurance in Henan implements the personal account system, and all the contributions and subsidies of the insured are included in the personal account to calculate the old-age benefits. The system follows the principle of "pay more and get more, pay more and get more for a long time", encourages rural residents to actively participate in insurance and continue to pay fees to improve the level of pension benefits.

Second, the insured object and conditions

Rural residents in Henan Province 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 rural old-age insurance at their domicile. The insured shall pay the endowment insurance premium in full and on time according to the prescribed payment standard and time.

Three. Payment standard and subsidy policy

The payment standard of rural endowment insurance in Henan Province is determined according to the age and income of the insured, which is generally divided into multiple grades for the insured to choose from. At the same time, the government also provides subsidies for the insured to reduce their economic burden. Subsidy funds are directly included in personal accounts to increase pension benefits.

Four, pension benefits and collection methods

If the insured reaches the legal retirement age and the accumulated payment has reached 15 years, he can receive pension benefits on a monthly basis. Pension benefits are determined according to the accumulated amount of individual accounts and the number of payment months, and socialized payment is implemented. Insured persons can choose to receive pensions at designated banks or social security card service outlets.

Verb (abbreviation for verb) management and supervision

The management and supervision of rural endowment insurance in Henan Province is the responsibility of social security departments at all levels. The social security department will regularly audit and supervise the income and expenditure of the endowment insurance fund to ensure the safety and integrity of the fund. At the same time, the service and guidance for the insured will be strengthened to help them better understand and use the old-age insurance system.

To sum up:

Rural endowment insurance in Henan is an important social security system, which provides basic living security for rural residents. The system implements the individual account system, follows the principle of "overpaying for more, overpaying for more", and encourages rural residents to actively participate in insurance and continue to pay fees. The government also provides the insured with payment subsidies and pension benefits to help them realize their sense of security and dependence. At the same time, the social security department will strengthen management and supervision to ensure the safe and effective operation of the old-age insurance system.

Legal basis:

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

Article 16 stipulates:

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.

Measures for the implementation of rural endowment insurance in Henan Province

Article 2 provides that:

These Measures shall apply to rural residents who have reached the age of 16 (excluding students) within the administrative area of this province and have not participated in the basic old-age insurance for urban workers.