How does the Social Security Bureau pay the endowment insurance?

Endowment insurance paid by the company: register a new account at the social security registration window with the company's business license, official seal, labor contract and other materials. Issue a social security registration certificate after opening a new account. Personal payment of endowment insurance: individuals bring their household registration book, ID card and photocopy, and two 1 inch photos to the local community street social security service point or county-level social security bureau to pay.

Legal objectivity:

People's Republic of China (PRC) Social Insurance Law Article 18 The state establishes a normal adjustment mechanism for basic pensions. According to the average wage increase and price increase of employees, the basic old-age insurance treatment level will be improved in a timely manner. Article 19 of the Social Insurance Law of People's Republic of China (PRC) * * * If an individual is employed across the overall planning area, his basic old-age insurance relationship will be transferred accordingly, 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.