There is a kind of social security in Korla, Xinjiang, which pays 1000 every year, and can get 3000 every month after the age of 60.

The endowment insurance fund for urban residents is mainly composed of individual contributions and government subsidies.

The minimum personal payment standard is 100 yuan per person per year, so that residents with lower incomes can also participate in the insurance. The local people's government will pay part or all of the minimum standard old-age insurance premium for severely disabled people in cities and towns. Considering that the income level and payment ability of urban residents are generally higher than those of rural residents, there is a demand for overpayment, so the payment standard is set at 100 yuan to 1000 yuan, which is five files more than the new rural insurance. In areas where the old-age insurance system for urban and rural residents is unified, regardless of urban and rural areas, the insured can choose from multiple files, which is more "flexible" and is conducive to adapting to the needs of groups with different income levels. Local governments can also increase the payment level according to the actual situation.

The local government's subsidy standard for urban residents' insurance payment is not less than 30 yuan per person per year (supplementary entrance); Compared with the new rural old-age insurance system, urban residents have no collective economic organizations, so there is no "collective subsidy" financing channel. However, the "Guidance Opinion" retains the provision of "encouraging other economic organizations, social organizations and individuals to provide subsidies for the insured" as an auxiliary channel advocated by the state.

Individual contributions from urban residents, subsidies from local governments to insured persons and contributions from other sources are all credited to individual accounts. Personal accounts are subject to real account management. When the insured person dies, in addition to government subsidies, the balance of personal account funds can be inherited according to law; The balance of government subsidies is used to continue to pay the pensions of other insured persons.

Pension consists of basic pension and personal account pension.

The age at which urban residents receive pension insurance benefits is 60 for both men and women. Pension consists of basic pension and personal account pension. At present, the basic pension standard set by the central government is 55 yuan per person per month; All localities can raise the basic pension standard according to local actual conditions. The monthly calculation and payment standard of personal account pension is the amount stored in personal account divided by 139 (the same as the calculation and payment coefficient of employee basic old-age insurance and new rural insurance personal account pension).

When the old-age insurance system for urban residents was implemented, they were over 60 years old and did not enjoy the basic old-age insurance benefits for employees and other old-age benefits stipulated by the state. They can receive a basic pension on a monthly basis without paying fees; If the age is less than 15, the annual payment is allowed, and the accumulated payment shall not exceed15; If the age is above 15, the fee shall be paid annually, and the accumulated fee shall not be less than 15.

According to the actual situation, according to the principle of coordinating urban and rural areas, all localities can determine the appropriate local basic pension standards. Establish an incentive mechanism to guide urban residents to actively participate in insurance.

At present, the amount stored in personal accounts bears interest every year with reference to the one-year RMB deposit rate of financial institutions announced by the People's Bank of China. The endowment insurance fund for urban residents shall be included in the financial special account of social security fund, managed by two lines of revenue and expenditure, accounted for separately, and maintained and increased in accordance with relevant regulations. The Ministry of Finance and Ministry of Human Resources and Social Security have promulgated the Interim Measures for Financial Management and Accounting of the New Rural Endowment Insurance Fund, which can be used for reference in areas where the endowment insurance for urban and rural residents is implemented. In the pilot stage, the endowment insurance fund for urban residents is temporarily managed in the pilot counties, and provincial management can be directly implemented where conditions permit. With the expansion and opening up of the pilot, the management level should be improved as soon as possible.