When will the old-age insurance only pay 100 yuan a year?

Starting from 1992, it is a new rural social endowment insurance formulated by the State Council. It is stipulated that you should only pay 100 yuan a year, and you can get a pension at the age of 60 after 15 years.

First, the time of enterprise endowment insurance and medical insurance

Enterprises in China began to formally pay employee pension insurance from 1992. Of course, not all regions are unified, so the earliest region starts from 1992, but the latest region will not be later than 1996. That is, basically from 1992 to 1996, during these four years, the whole country began to pay endowment insurance for the employees of this enterprise one after another. Then, some employees of 1992, who worked before him, can only assume that when calculating the pension, they will be regarded as the payment period and finally calculated according to the transitional pension. Of course, starting from 1992, enterprises formally pay the basic old-age insurance. In the future, the payment period of pension must be determined according to the actual payment period. Each actual payment period is equivalent to one year's service, which will eventually be calculated as your pension.

Second, the payment period of endowment insurance

The payment period of endowment insurance is an important condition that directly determines our future pension benefits. In other words, the longer your pension insurance payment period, the higher your pension benefits in the future, and the shorter your pension insurance payment period, the lower your pension benefits. For example, if a person has only paid 15 years of pension insurance, his welfare may be less than 1000 yuan, but if another person has paid pension insurance for more than 40 years, his welfare is likely to exceed.

Insured people choose their own payment grades, and pay more. According to the growth of per capita net income of rural residents, the payment grade should be adjusted in time. Fill in according to national standards, specifically according to the provisions of counties and cities. In terms of collective subsidies, conditional village collectives should subsidize the payment of insured persons, and the subsidy standard is determined democratically by the villagers' committee that holds the villagers' meeting. Encourage other economic organizations, social welfare organizations and individuals to provide subsidies for the payment of the insured.