How to issue endowment insurance?

Pensions are socialized. According to the principle of proximity, safety and convenience, social insurance agencies entrust banks, post offices, communities and other channels to send pensions directly to the insured. Endowment insurance is a social insurance system established by the state and society according to certain laws and regulations, in order to solve the basic life of workers who terminate their labor obligations after reaching the working age limit stipulated by the state or quit their jobs because of old age. Under normal circumstances, retirees can receive the pension of the current month from the 5th to 20th of each month/kloc-0. The monthly standard of basic pension is based on the average monthly salary of local employees in the previous year and my indexed monthly salary, and the payment is paid to 1% every full year. Because the state now requires employees of every company and enterprise to get better and better treatment, many companies and enterprises have purchased endowment insurance for their employees.

Legal basis:

People's Republic of China (PRC) social insurance law

Sixteenth individuals who participate in the basic old-age insurance will receive the basic old-age pension on a monthly basis if they have paid for fifteen years when they reach the statutory retirement age. Individuals who participate in the basic old-age insurance can pay less than fifteen years when they reach the statutory retirement age, and they can pay for fifteen years and receive the basic pension on a monthly basis; Can also be transferred to the new rural social endowment insurance or urban residents' social endowment insurance, enjoy the corresponding pension insurance benefits in accordance with the provisions of the State Council.

Seventeenth individuals who participate in the basic old-age insurance, due to illness or non-work-related death, their survivors can receive funeral grants and pensions; Persons who have completely lost their ability to work due to illness or non-work-related disability before reaching the statutory retirement age can receive disability allowance. The required funds are paid from the basic old-age insurance fund.

Article 18 The state establishes a normal adjustment mechanism for basic pensions. According to the average wage increase and price increase of employees, the basic old-age insurance treatment level will be improved in a timely manner.