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Q：
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How to pay the basic endowment insurance?
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A：
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Employers shall pay basic endowment insurance premiums at the proportion of the total wages of their employees as prescribed by the state, which shall be credited to the basic endowment insurance pooled fund. Employees shall contribute to the basic endowment insurance premiums at the proportion of their own wages as prescribed by the state, which shall be credited to their personal accounts. Self-employed individuals without employees, part-time workers who have not participated in the basic endowment insurance through their employers, and other flexible employees who participate in the basic endowment insurance shall pay the basic endowment insurance premiums in accordance with the provisions of the state, which shall be respectively credited to the basic endowment insurance pooled fund and their personal accounts.
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Q：
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What does the basic pension consist of?
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A：
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The basic pension consists of the pooled pension and the individual account pension. The basic pension is determined based on factors such as an individual's cumulative years of contribution, contribution salary, the average salary of local employees, the balance in the individual account, and the average life expectancy of the urban population.
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Q：
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What are the conditions for receiving a basic pension?
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A：
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An individual who participates in the basic endowment insurance and has made contributions for a cumulative period of fifteen years upon reaching the legal retirement age shall receive a basic pension on a monthly basis. An individual who participates in the basic endowment insurance and has not accumulated 15 years of contributions by the time they reach the legal retirement age may continue to contribute until they have accumulated 15 years and then receive a basic pension on a monthly basis. One can also transfer to the new rural social endowment insurance or the urban resident social endowment insurance and enjoy the corresponding endowment insurance benefits in accordance with the provisions of The State Council.
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Q：
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How should an individual's basic endowment insurance relationship be handled when they are employed across different coordinated regions?
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A：
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When an individual works in a different coordinated region, his or her basic endowment insurance relationship will be transferred along with the individual, and the contribution years will be cumulatively calculated. When an individual reaches the legal retirement age, the basic pension is calculated in segments and paid uniformly. The specific measures shall be prescribed by The State Council.
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Q：
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What components make up the new rural social endowment insurance?
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A：
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The new rural social endowment insurance system combines individual contributions, collective subsidies and government subsidies.
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FAQ
