Rural endowment insurance is composed of basic pension and personal account pension, which is paid for life. Both men and women start to receive pension in the next month after reaching the age of 60. So what is a personal account pension? How to pay farmer's pension? Let's have a look.
China's new rural insurance payment standard for the minimum annual 100 yuan, 200 yuan, 300 yuan, 400 yuan, 500 yuan five grades, local authorities can according to the actual situation to increase the level of payment, more pay more. According to the growth of per capita net income of rural residents, the state timely adjusts the level of payment.
What is a basic pension?
That is, 70 yuan per person per month and 840 yuan a year, to be paid in full by the government. The basic pension standard shall be adjusted timely according to the provisions of the State Council and the provincial government.
What is a personal account pension?
That is, the total amount of personal account savings divided by 139.
Let's look at the formula:
Pension = Basic Pension (70 yuan) + personal account pension
Personal account pension = [15 & times; 800 (total personal contributions) + 30 & times; 15 (financial subsidies) + 500 (deposit interest)] & divide; 139 (months of calculation and payment) = 93 yuan
Monthly pension = 70 + 93 = 163, a year is 1956 yuan. The standards vary from place to place, depending on the basic pension base at retirement, and the financial subsidies will also be different.
A total of 12000 yuan has been paid in 15 years, and the capital can be recovered in a little more than 6 years.
How to pay the rural pension?
① Regular payment: this method is adopted in areas and people with relatively stable or relatively rich income. For example, township enterprises can pay premiums monthly and quarterly, while farmers in rich areas can pay premiums half a year or annually. The amount of payment can be either in proportion to income or in a certain amount.
② Irregular payment: in most areas, the income is not stable and the payment is more in good years, less in arrears, delayed in disaster years, and family income is paid when it is good, but not when it is bad.
③ One time payment: most of them are older farmers who will pay the premium in full once according to their old age security level, until they are 60 years old and receive pension according to regulations.