China's three main models of old-age pension

One: different concepts

Land expropriation social security is a pension policy introduced by the state to protect the rights and interests of farmers. China has implemented a landless farmers' pension insurance system to protect the rights and interests of landless farmers. Local policies are implemented differently. Generally speaking, different contribution ratios are adopted according to different age groups, the amount of contribution is determined according to the level of economic development of each place, and the level of pension insurance for landless peasants is gradually increased.

The reason why the new rural pension insurance is called the new rural pension insurance is because, compared with the new rural pension insurance practiced in the past, the new rural pension insurance is mainly paid by the farmers themselves, which is actually a self-help mode, while the biggest feature of the new rural pension insurance is to adopt the mode of combining the individual contribution, collective subsidy and government subsidy, and there are three financing channels.

Two: different objects

The object of the expropriation social security is due to the state expropriation of land, the remaining land is not enough to meet the needs of life, by the government, the village collective and the villagers personally **** the same payment.

The object of the new rural old-age pension insurance is for rural household residents over 16 years old (excluding school students and active military personnel). Premium rates are divided into eight grades: 100 yuan, 200 yuan, 300 yuan, 400 yuan, 500 yuan, 600 yuan, 700 yuan and 800 yuan per year;

Depending on individual choice, residents under the age of 60 are required to pay for at least 15 years. Those who have been insured for less than 15 years from the age of 60 can make up for it 15 years in advance and receive a monthly pension after the age of 60. If a person reaches the age of 60 with the new rural insurance, he or she does not pay any contributions and receives the pension directly.

Three: different pension standards

The pension standard of the expropriation social security is generally the minimum living standard of the local town.

The pension standard of the NPS is 55 yuan per month for the basic pension, plus personal account funds (personal contributions, government subsidies, and interest)/139 months. The basic pension is borne by the central government, and the amount of pension after retirement depends on:

1. Government subsidies are borne by provincial, municipal and county governments. The subsidy rate varies from province to province.

2. The number of years and standard of individual contributions.

Legal basis:

The Social Insurance Law of the People's Republic of China

Article 2: The State establishes a social insurance system for basic old-age pension insurance, basic medical insurance, industrial injury insurance, unemployment insurance, maternity insurance, etc., and guarantees the right of citizens to obtain material assistance from the State and society in accordance with the law in the event of old age, sickness, industrial injury, unemployment and childbirth. and society in the event of old age, sickness, industrial injury, unemployment or maternity, in accordance with the law.

Article 26: The standards of treatment for basic medical insurance for employees, new rural cooperative medical care and basic medical insurance for urban residents shall be implemented in accordance with the provisions of the State.

Article 28 Medical expenses that conform to the basic medical insurance drug catalog, diagnostic and therapeutic items, standards of medical service facilities, as well as emergency and rescue medical expenses shall be paid out of the basic medical insurance fund in accordance with the state regulations.