What Is Pension Sharing?

Urban residents' social endowment insurance is an endowment insurance system covering non-employees in urban household registration. This system, together with the urban employee endowment insurance system and the new rural social endowment insurance system, constitute our social endowment insurance system. Urban Resident Insurance has two outstanding features: First, in addition to personal contributions, the source of funding for Urban Resident Insurance also includes government subsidies for insured contributions. The more individual contributions, the more government subsidies, and the personal contributions and government subsidies. All credited to the individual account of the insured. The second is that the pension of urban residents' insurance consists of two parts: personal account pension and basic pension. The personal account pension level is determined by the account deposit amount, which is the total amount of personal contributions and government subsidies. The basic pension is determined by the government's full amount. Pay.

Social insurance for urban residents

Guiding Opinions of the State Council on the Pilot Program of Social Endowment Insurance for Urban Residents <br /> [2011] No. 18

People's governments of provinces, autonomous regions, and municipalities directly under the Central Government, ministries and commissions of the State Council, and agencies directly under the State Council:
In accordance with the spirit of the 17th National Congress of the Communist Party of China and the Outline of the Twelfth Five-Year Plan for the National Economic and Social Development of the People's Republic of China and the Social Insurance Law of the People's Republic of China, the State Council has decided to launch social pension insurance for urban residents from 2011. (Hereinafter referred to as urban residents' endowment insurance) pilot. The following guidance is provided on the pilot work:

Basic principles

Urban residents' old-age insurance work should hold up the great banner of socialism with Chinese characteristics, guided by Deng Xiaoping Theory and the important thinking of the "Three Represents," thoroughly implement the scientific concept of development, and gradually solve the problem of accelerating the establishment of a social security system covering urban and rural residents. The problem of old-age support for urban residents without old-age security. The basic principle of the trial of urban residents' endowment insurance is "basic insurance, wide coverage, flexible and sustainable." The first is to start from the actual situation of urban residents and start at a low level. Funding standards and treatment standards must be compatible with economic development and affordability in various aspects. Second, individuals (family) and the government share responsibilities reasonably, with rights and obligations corresponding. It is the combination of government-led and voluntary residents to guide the general participation of urban residents; fourth, the central government determines the basic principles and main policies, the local formulates specific measures, and the urban residents' endowment insurance implements territorial management.

Mission objective

Establish an urban pension insurance system that combines personal contributions and government subsidies, implement a combination of social pooling and personal accounts, and coordinate with other social security policies such as family pensions, social assistance, social welfare, etc. to protect the basic life of urban residents in old age. The pilot work was started on July 1, 2011, and the scope of implementation was basically the same as that of the new rural social endowment insurance (hereinafter referred to as the new rural insurance). In 2012, the urban residents' endowment insurance system was basically covered.

3. Coverage

Urban non-employed residents who have reached the age of 16 (excluding students at school) and do not meet the conditions for the employees' basic endowment insurance can voluntarily participate in the endowment insurance for urban residents at the place of residence.

4. Fund Raising

Urban residents' pension insurance funds are mainly composed of individual contributions and government subsidies.
(1) Individual payment. Urban residents participating in urban residents' endowment insurance shall pay endowment insurance premiums in accordance with regulations. The payment standards are set at 12 levels of 100 yuan, 200 yuan, 300 yuan, 400 yuan, 500 yuan, 600 yuan, 700 yuan, 800 yuan, 900 yuan, 1,000 yuan, 1500 yuan, and 2000 yuan per year. Local people's governments can In the circumstances, additional payment grades are set. The insured person chooses the level of payment independently and pays more. The state adjusts payment levels in a timely manner in accordance with economic development and the growth of per capita disposable income of urban residents.
(2) Government subsidies. The government pays the basic pension of urban residents' endowment insurance to the insured who meets the conditions for receiving benefits in full. Among them, the central government grants a full subsidy to the central and western regions in accordance with the basic pension standard determined by the central government, and a 50% subsidy to the eastern region.
The local people's government shall provide subsidies to the insured personnel, and the subsidy standard shall not be less than 30 yuan per person per year; those who choose to pay at a higher level may be appropriately encouraged. The specific standards and measures shall be determined by the provincial (district, municipal) people's government . For urban residents with severe disability and other payment difficulties, the local people's government pays some or all of the minimum standard endowment insurance premiums on their behalf.
(3) Encourage other economic organizations, social organizations, and individuals to provide subsidies for the participants' payment.

5. Create a personal account

The state establishes a personal account for endowment insurance for each participant. Individual contributions, local people's government's payment subsidies to the insured and other sources of payment assistance are all recorded in personal accounts. Individual account deposits are calculated annually with reference to the one-year RMB deposit rate of financial institutions announced by the People's Bank of China.

6. Pension benefits

Pension benefits consist of a basic pension and a personal account pension, which is paid for life.
The central pension standard set by the central government is 55 yuan per person per month. Local people's governments can raise the standard of basic pensions according to the actual situation. For urban residents who pay long-term contributions, they can appropriately increase basic pensions, and some of the funds raised and increased are paid by local people's governments.
The monthly payment standard for personal account pensions is the personal account storage amount divided by 139 (the same as the current employee basic pension insurance and new rural insurance personal account pension calculation and payment coefficients). The insured person dies, and the balance of funds in the personal account can be inherited according to law, except for government subsidies; the balance of government subsidies is used to continue to pay the pensions of other insured persons.

7. Conditions for receiving pension benefits

Urban residents who participate in the urban residents' endowment insurance, who have reached the age of 60, can receive pensions on a monthly basis.
When the urban resident's endowment insurance system is implemented, those who have reached the age of 60 and do not enjoy the basic endowment insurance benefits of employees and other endowment benefits stipulated by the state, can receive monthly basic pensions without paying fees; those who are less than 15 years old should receive The annual payment is also allowed to be repaid, and the accumulated payment does not exceed 15 years; if the age is more than 15 years, the annual payment shall be made, and the accumulated payment shall not be less than 15 years.
It is necessary to guide urban residents to actively participate in insurance, make long-term contributions, and make long-term contributions, and guide the children of urban residents to receive pension insurance benefits according to regulations. The specific measures shall be prescribed by the people's government of the province (region, city).

8. Treatment adjustment

Based on economic development and price changes, the state timely adjusts the minimum standards for basic pensions for urban residents in the country.

9. Fund Management

Establish and improve the financial accounting system for urban residents' pension insurance funds. The urban resident's endowment insurance fund is included in the special financial account of the social security fund. It implements two-line management of income and expenditure, separate accounting and accounting, and realizes value preservation and appreciation in accordance with relevant regulations. In the pilot phase, the urban residents' pension insurance fund will be temporarily managed by the pilot counties (districts, cities, and flags, hereinafter referred to as the pilot counties) as units. As the trials are expanded and pushed forward, the management level will be gradually improved; where conditions permit, provincial governments can also directly implement Management.

10. Fund supervision

Human resources and social security departments at all levels shall effectively perform the supervision duties of urban residents 'pension insurance funds, formulate and improve various business management rules and regulations for urban residents' pension insurance, standardize business procedures, establish and improve internal control systems and fund auditing systems, and The resolution, allocation, and distribution shall be monitored and regularly inspected, and the information on the collection and payment of urban resident endowment insurance funds shall be disclosed regularly to ensure openness and transparency and strengthen social supervision. The finance, supervision and auditing departments shall implement supervision according to their respective responsibilities. It is strictly forbidden to misappropriate and ensure the safety of funds. The social insurance agencies and neighborhood committees in the pilot areas publicize the treatment qualifications of urban residents within the community every year and accept public supervision.

11. Management services

In areas where urban residents 'pension insurance is being piloted, it is necessary to carefully record the insurance contributions and benefits received by urban residents, establish insurance files, and keep them properly for a long time; establish a national unified urban residents' pension insurance information management system, Integration of agricultural insurance information management system, integration into the construction of social security information management system ("golden insurance project"), and sharing of information resources with other citizen information management systems; it is necessary to vigorously promote social security cards to facilitate the participation of cardholders in paying and receiving benefits And query my insurance information. Pilot areas should integrate existing social insurance management resources in accordance with the principle of streamlining efficiency, establish and improve a unified new rural insurance and urban residents' endowment insurance processing organization, and strengthen capacity building. Funds for urban residents 'endowment insurance work are included in the fiscal budget at the same level, and expenditures from urban residents' endowment insurance funds are not allowed.

12. Linkage of related systems

Where conditions permit, urban residents' old-age insurance should be combined with the new rural insurance. Elsewhere should actively create conditions to combine the two systems. The measures for linking the old-age insurance for urban residents and other old-age insurance systems such as the basic old-age insurance for employees shall be formulated by the Ministry of Human Resources and Social Security in conjunction with the Ministry of Finance. It is necessary to properly complete the matching of the urban residents 'old-age insurance system with the urban residents' minimum living security and social preferential policies and other policies and systems. The specific measures shall be studied and formulated by the Ministry of Human Resources and Social Security and the Ministry of Finance in conjunction with relevant departments.

13. Strengthen organizational leadership

The pilot work of urban residents 'endowment insurance is under the unified leadership of the State Council's New Rural and Urban Residents' Social Endowment Insurance Pilot Work Leading Group (hereinafter referred to as the State Council Pilot Work Leading Group) for unified implementation. The State Council's pilot work leading group studies and formulates related policies and urges the inspection of the implementation of the policies, summarizes and evaluates the pilot work, and coordinates and solves problems in the pilot work.
Local people's governments at all levels must fully understand the significance of piloting urban residents' endowment insurance, include it in the local economic and social development planning and annual target management assessment system, and effectively strengthen organizational leadership. Human resources and social security departments at all levels must effectively fulfill the responsibilities of the administrative department in charge of urban residents 'old-age insurance work, and work together with relevant departments to make overall planning, policy formulation, unified management, and comprehensive coordination of urban residents' old-age insurance. The pilot district pilot work leading group is responsible for the pilot work in the region.

14. Develop specific methods and pilot implementation plans

The people's governments of provinces (autonomous regions and municipalities) should formulate specific implementation measures for the pilot based on the guidance and the actual situation in the region, and report them to the pilot working group of the State Council for the record; The practical pilot implementation plan, the pilot area is selected as required, and submitted to the State Council's pilot work leading group for review. The pilot implementation plan of the pilot counties was implemented after being approved by the people's governments of the provinces (autonomous regions and municipalities) and reported to the pilot working group of the State Council for the record.

15. Do a Good Job in Public Opinion Propaganda

Establishing an endowment insurance system for urban residents is a major decision to thoroughly implement the scientific concept of development and speed up the construction of a social security system covering urban and rural residents. It is a major move to adjust the income distribution structure and expand domestic consumption demand. It is an overall plan for urban and rural development and the promotion of basic public services. The important policy of urbanization is a major livelihood project for the majority of urban residents to support the elderly and promote family harmony and social harmony.
All regions and relevant departments must adhere to the correct orientation of public opinion, strengthen the publicity of the significance, basic principles and policies of the pilot work, make this policy of benefiting the people popular, and guide eligible urban residents to actively participate in insurance. At the same time, the virtues of respecting and supporting the elderly in the Chinese nation must be promoted, and children must be guided to fulfill their obligations as elders in accordance with the law.
All localities should pay attention to the new situation and new problems that emerged during the pilot process, actively explore and summarize solutions and experiences for solving problems, properly handle the relationship between reform, development, and stability, and do a good job. Report important situations to the State Council's pilot work leading group in a timely manner.
State Council June 7, 2011 ^[2]

On July 1, 2011, the endowment insurance for urban residents was implemented at interview sites nationwide. This is another major strategic deployment made by the Party Central Committee and the State Council to accelerate the construction of a social security system covering urban and rural residents after the pilot of the new rural social endowment insurance in 2009. This is a major popular project to promote the construction of a harmonious society, which means that the millennium wish of everyone in China to be aged and supported will be basically realized.

Basic points

Urban residents' old-age insurance and new farm insurance have a lot in common in the design of the system. They are social endowment insurance systems established by the government. They implement a combination of personal contributions and government subsidies, and integrate social pooling and personal accounts. The basic principles are: "Basic, broad coverage, flexible and sustainable." This principle is consistent with the general guidelines for the construction of the social security system determined by the central government. At the same time, it emphasizes "flexibility" according to the characteristics of urban residents. Its basic characteristics can be further summarized as follows:

The first is wide coverage, basic security, and building mechanisms. Social endowment insurance should be compatible with national conditions and economic and social development stages, and with the affordability of the country and urban and rural residents. The so-called "basic guarantee" means that the current focus is to first establish a system that covers the entire population. The funding standards and treatment standards are compatible with economic development and affordability in all aspects. Starting at a low level, the problem of "from scratch" is solved first. With the economic and social development, we will gradually improve the system and increase the level of security, and then solve the "low to high" problem in a step-by-step manner. It can also be seen from the concept of basic pension that the government provides a basic guarantee. The standard for the national government to pay the minimum basic pension in full cannot be too high. Under the existing national conditions, it can only be a kind of wide coverage. Basic guarantees can ensure the sustainability of financial capital investment. Objectively speaking, the basic pension standard of 55 yuan per month is still relatively low compared to the current level of China's overall economic development. However, under the current situation of uneven regional development and limited financial resources in the central and western regions, "basic" pension insurance is guaranteed. Standards can bring more urban residents into the old-age security system, and it is also an inevitable choice to achieve "wide coverage" and "sustainability" of old-age security.

The second is voluntary participation, re-incentive and flexibility. Urban residents' social endowment insurance implements the principle of combining government-led and voluntary residents to guide urban residents to generally participate in insurance. The system stipulates that the masses should insist on voluntary participation in the insurance, instead of compulsory orders, but focus on the use of financial subsidies to encourage more residents to participate in insurance and expand coverage through incentives and guidance. There are multiple levels of payment standards, and the insured can choose independently. The system encourages more contributions and more rights, corresponding to rights and obligations.

The third is the government's push, residents to enter, and share responsibility. Urban residents' social endowment insurance is a combination of government-led and voluntary residents. Individuals (families) and the government share responsibilities reasonably, and rights and obligations correspond. In the initial stage of the new system, government responsibility must be in place first.

Government input responsibility is reflected in both "import" and "export". The replenishment entrance is a financial subsidy for urban residents to participate in the insurance payment. The local people's government should provide subsidies to the insurance participants. The subsidy standard is not less than 30 yuan per person per year. For those who choose a higher level standard payment, they can be given Properly encourage local governments to pay part or all of the minimum standard endowment insurance premiums for urban residents with severe disability and other payment difficulties. "Supply export" is to provide financial subsidies in the payment of pension benefits. The government pays the basic pension of urban residents' endowment insurance to the insured who meets the conditions for receiving benefits in full. ^[3]

The National Urban Residents' Social Pension Insurance Pilot Work Deployment and New Rural Social Pension Insurance Pilot Experience Sharing Meeting was held in Beijing on the morning of the 20th. Wen Jiabao, member of the Standing Committee of the Political Bureau of the CPC Central Committee and Premier of the State Council, attended the meeting and delivered an important speech. Zhang Dejiang, member of the Political Bureau of the CPC Central Committee, deputy prime minister of the State Council, and leader of the State Council's new rural and urban residents' social endowment insurance pilot work presided over the meeting. Wen Jiabao pointed out that the State Council has decided to start a trial of the urban residents' social endowment insurance system nationwide and speed up the progress of the new rural insurance pilot program to basically achieve full coverage of the system during the term of the current government. Major Institutional Construction of China's Social Security System. ^[5]

Urban residents' pension insurance funds are mainly composed of individual contributions and government subsidies.

The payment standards are currently set at 10 levels of 100 yuan, 200 yuan, 300 yuan, 400 yuan, 500 yuan, 600 yuan, 700 yuan, 800 yuan, 900 yuan, and 1,000 yuan each year. Local people's governments can increase the level of payment according to actual conditions. The insured person chooses the level of payment independently and pays more. The state is based on economic development and

1. Social Security Center Inquiry

If you are not sure about your social security account number, you can bring your ID card to each district

Urban and rural residents' social pension insurance benefits consist of basic pensions and personal account pensions, which are paid for life.

Monthly pension = basic pension + total personal account ÷ 139.

Basic pension = the standard is 55 yuan (adjusted according to national policies in the future) + basic pension is increased by 1 yuan for every additional year after 15 years of payment;

Total personal account = personal contributions + government subsidies + collective subsidies + social and personal subsidies + interest from the above amount;

Calculation factor = 139 (same as urban employee endowment insurance coefficient).

If you are 46 years old, you will pay 100 yuan each year for 15 consecutive years. Individuals will pay a total of 1500 yuan. The monthly pension standard when you reach the age of 60 = [55 yuan + 0 (every additional 1 after 15 years of payment) The annual basic pension is increased by 1 yuan)] + {[(100 + 30) × 15 years + 0 (collective subsidy, social and personal subsidy, etc.)] + interest (this calculation is based on the constant amount of the bank's latest interest rate of 3%) Rollback interest)} ÷ 139 = 72.39 yuan. The total annual pension is 868.68 yuan, and all personal contributions can be recovered in less than 2 years. Based on the average life expectancy of 75 years, the pension can be received at 13030.20 yuan (personal income of 11,530.20 yuan) in 15 years. If you pay according to the standard of 2,000 yuan per year, for 15 consecutive years, the total amount of individual contributions is 30,000 yuan, the monthly pension standard is 326.62 yuan, and the annual pension totals 3,919.44 yuan. You can recover all the individual contributions in more than 7 years. Calculate that in 15 years, you can receive a pension of 58791.60 yuan (personal income of 28791.60 yuan).