Endowment insurance fund refers to the annuity or lump sum income paid by an enterprise to ensure its old-age security when an employee has worked in an enterprise for a certain period of time and is unwilling to continue to work or is permanently unable to work due to old age, aging and disability accidents. How to pay for endowment insurance? What is the process of paying endowment insurance?
1. Office workers: working in the unit, you can enjoy the benefits of endowment insurance paid by the unit. At the same time, the state also has specific provisions on five insurances and one fund.
The basic procedures for the unit to handle endowment insurance are as follows:
(1) Get the social insurance registration form, fill in all columns of the form and affix the official seal. (in duplicate);
(2) Provide copies of the company's valid industrial and commercial business license, local tax registration certificate, enterprise code certificate and legal person identity;
(3) The insured of the unit shall be filled in accurately according to the requirements of each column in the (list of increase and decrease of on-the-job employees). (in duplicate).
2. Unemployed or self-employed: to pay endowment insurance by themselves.
3. Basic procedures for personal endowment insurance:
(1) The applicant shall go to the Social Security Bureau of the area where the registered permanent residence is located for handling. Due to the different social insurance policies in each area, the payment methods are also different. For details, please consult the social security bureau at 12333.
(2) Required information: I have my ID card, two recent bareheaded one inch photos, premium, application, etc.
(3) Processing flow: the insured chooses the grade according to their own labor income. The endowment insurance agency will entrust the post office to collect it on a monthly basis. The insured will open an account at the designated post office with the account opening certificate and ID card, pay the deposit book and change the password. The insured shall deposit a certain amount of endowment insurance premium before the 25th day of each month (one quarter, one year or longer endowment insurance premium may be deposited, but at least not less than one month's payable endowment insurance premium). ）Before the 5th day of each month, the endowment insurance premium of the previous month shall be directly collected from the payment passbook of the insured.
Extended data:
1. Individual endowment insurance payment
Endowment insurance shall be paid for at least 15 years. 15 years refers to the minimum payment period. The length of the payment period and the payment base directly affect the number of pensioners after retirement. The insured can only apply for a monthly pension when the retired male is 60 years old and the female is 55 years old. The working age of women in the original work unit is still 50 years old. For those who have not paid for 15 years, they shall continue to pay for 15 years or make up one-time payment of endowment insurance before they can retire to receive endowment insurance benefits.
2. The endowment insurance systems of different countries around the world are classified as follows:
(1) Reserve type endowment insurance. The deposit type endowment insurance system is implemented in a number of emerging market economies, represented by Singapore, Chile and other countries, emphasizing the principle of self-protection, implementing a fully accumulated fund model, and establishing different types of personal endowment insurance accounts or 'provident fund' accounts.
(2) National endowment insurance. The national endowment insurance system was once implemented in most planned economy countries, represented by the former Soviet Union and Eastern European countries. In accordance with the principle of "national unified contracting", the employer shall pay for the payment, the State shall organize the implementation, the workers shall participate in the management, the treatment standard shall be unified, and the security level shall be high.
(3) Traditional endowment insurance. The traditional endowment insurance, represented by developed market economy countries such as the United States, Germany and France, implements the principle of "selectivity", that is, it does not cover all citizens, but selects a part of social members to participate, emphasizes that the treatment is related to wage income and payment (tax), so it can also be called "income linked endowment insurance".
(4) Welfare type endowment insurance. The welfare type endowment insurance is represented by developed market economy countries such as Britain, Australia, Canada and Japan. It implements the principle of "GSP". The basic endowment insurance covers all citizens and emphasizes that all citizens have annuities. Therefore, it is called "welfare type" or "GSP" endowment insurance.
(5) Mixed endowment insurance. Most of the countries that used to implement welfare type endowment insurance have now or are transferring to a mixed system. That is to say, welfare endowment insurance and income related endowment insurance coexist at the same time, which together constitute the first pillar of basic endowment insurance. This is the case in Britain and Canada.