Detailed Rules for the Implementation of Social Endowment Insurance for Urban and Rural Residents in Longquan City

Payment standards and conditions

(1) At present, there are seven payment standards for social endowment insurance for urban and rural residents in our city, namely 100 yuan per person per year, 200 yuan, 300 yuan, 400 yuan, 500 yuan, 700 yuan and 900 yuan. Urban and rural residents who meet the conditions of insurance can choose any payment grade independently, and the payment grade cannot be changed once selected within one year.

Sentenced or reeducation-through-labor personnel cannot pay insurance premiums during their sentences or reeducation-through-labor periods.

(II) Financial subsidies are provided to the insured, and the subsidy standard is determined according to the payment standard of the insured: choose 100 yuan to subsidize 30 yuan every year, and choose 200 yuan, 300 yuan, 400 yuan, 500 yuan and 700 yuan to subsidize 40 yuan every year.

Personal interpretation: Longquan rural endowment insurance has seven grades for the insured to choose independently, and the first six grades are selected to subsidize the insured person to 30 yuan every year; Choosing the seventh highest level government to subsidize 40 yuan for each insured person every year reflects the encouragement policy of overpaying and receiving more subsidies from the government.

Isn't it a waste to die before you get paid?

According to Article 15 of the Notice of Lishui Municipal People's Government on Printing and Distributing the Implementation Measures of Social Endowment Insurance for Urban and Rural Residents in Lishui (Li [2009] No.0089), after the death of the insured, the fund balance in his 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.

Interpretation: The policy design does not let the insured pay for nothing, but is inherited by the legal heir.