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Shiyan social security payment time
2. The insured person can pay independently at any bank outlet counter designated by the local social security department with his social security card, or can automatically access the equipment at any bank outlet;
3. Coverage of old-age insurance for urban and rural residents: Urban and rural residents who have reached the age of 16 (excluding students at school) and are not covered by the basic old-age insurance system for employees of non-state organs and institutions can participate in the old-age insurance for urban and rural residents at their domicile;
4. Fund raising: The endowment insurance fund for urban and rural residents consists of individual contributions, collective subsidies and government subsidies;
5. The above reference sources and more contents: Opinions of the Provincial People's Government on Improving the Basic Old-age Insurance System for Urban and Rural Residents (Efazheng [2015] No.41).
Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.
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