Endowment insurance is a social security system established by the state and society according to certain laws and regulations, which is used to solve the basic working life of workers who reach the attendance limit stipulated by the state or quit their jobs because of loss of working ability. The purpose of endowment insurance is to provide a stable and reliable source of life for the basic needs of the elderly. The full name of endowment insurance is social basic endowment insurance, which is an important part of social security system and one of the five most important types of social insurance. The other four are maternity insurance, industrial injury insurance, unemployment insurance and medical insurance.
The payment method of endowment insurance is as follows:
1. Unit payment: enterprises and institutions pay endowment insurance premiums for employees. The unit shall withhold and remit the old-age insurance premium from the employee's salary according to the payment ratio and standard stipulated by the state. This payment method is applicable to the fixed employees of enterprises, institutions and institutions;
2. Individual payment: individuals pay endowment insurance premiums by themselves. Individuals can pay endowment insurance premiums through banks, mobile payment and other channels. This payment method is suitable for individual industrial and commercial households, freelancers, unemployed people and other people who have no unit to pay old-age insurance premiums;
3. Government subsidies: The government subsidizes the old-age insurance expenses of some special groups. For example, for some low-income families, poor people, orphans and other vulnerable groups, the government will subsidize their old-age insurance costs to a certain extent.
To sum up, the payment methods of endowment insurance may be different in different regions and under different policies. The specific payment methods and standards need to be inquired according to relevant local policies and regulations. At the same time, it is suggested that people who participate in endowment insurance regularly inquire and check their own endowment insurance payment records and balances to ensure that the paid endowment insurance is accurate.
legal ground
Article 20 of People's Republic of China (PRC) Social Insurance Law
The state establishes and improves the new rural social endowment insurance system. The new rural social endowment insurance combines individual contributions, collective subsidies and government subsidies.
Article 21
The treatment of new rural social endowment insurance consists of basic pension and personal account pension. Rural residents who participate in the new rural social endowment insurance meet the conditions stipulated by the state and receive the benefits of the new rural social endowment insurance on a monthly basis.