Pension


What is the old-age insurance
The characteristics of old-age insurance
The basic pattern of old-age insurance
Employing units and individuals how to participate in old-age insurance
The significance of old-age insurance
China's pension insurance consists of three parts
Method of calculating the amount of pension payment
(Business) Endowment Insurance
How to choose old-age insurance
What is a supplementary pension insurance company old-age insurance
The characteristics of old-age insurance
The basic pattern of old-age insurance
Employing units and individuals how to participate in old-age insurance
The significance of old-age insurance
China's pension insurance consists of three parts
Method of calculating the amount of pension payment
(Business) Endowment Insurance
How to choose old-age insurance
Supplementary pension insurance companies
 

Old-age insurance (Endowment Insurance) [Edit this paragraph] What is the old-age insurance
The social security system is an important component part of the five social insurance insurance insurance is one of the most important. The so-called old-age insurance (or old-age insurance system) is the state and society according to certain laws and regulations, to address the workers who meet the state labor obligations of working age limits, or loss of the ability to work due to old age out of work posts, the basic life to establish a social insurance system.
This concept mainly contains the following three meanings:
1. The statutory pension insurance is within the scope of Older persons are fully or largely out of the community working life happen automatically after the role. By "full", is based on the means of production away from labor and characterized; so-called "basic", referring to participate in production activities have not become major elements of social life. Be highlighted that the legal age limit (different countries have different standards) is a practical measure.
2. The purpose of old-age insurance is to protect the basic living needs of older persons by providing stable and reliable source of livelihood.
3. Old-age insurance is based on social insurance as a means to achieve security goals. Old-age insurance is more common around the world to implement a social security system. [Edit this paragraph] the characteristics of old-age insurance
Generally have the following characteristics:
1, by national legislation, to enforce, business units and individuals must participate in line with the conditions of old age people can be made to Social Security pensioners.
2, old-age insurance sources, usually by the State, units and individuals tripartite or units and individuals of common burden, and to achieve a wide range of social mutual economic.
3, pension insurance, with a social, a great influence on the enjoyment of many people and a longer time, substantial cost, and must therefore be set up specialized agencies to carry out modernization, specialization, socialization unified planning and management. [Edit this paragraph] the basic pattern of old-age insurance
Countries around the world to implement old-age insurance system has three modes, can be summarized as insurance subsidy type (also known as traditional) pension insurance, compulsory savings-type pension insurance (also known as Provident Fund model) and the National Co-ordination-type old-age insurance.
1, traditional old-age insurance system
Traditional pension insurance system, also known as employment-related patterns (employment-related programs) or self-help mode of the public as early as the German Bismarck's government in 1889 promulgated the creation of old-age insurance law, after the United States, Japan and other countries to adopt . And then to be spending to determine the overall contribution rate. Personal pension replacement rate of wages, and then to determine the expenditure, the total contribution rate. Individual pension rights and payment obligations associated with that individual's contribution is a prerequisite for pensioners, pension levels and personal income linked to the basic pension by retired former employees of the calendar year, the average monthly wage indexation and the different grades of replacement rate to calculate, and automatically adjusted on a regular basis. In addition to the basic pension, the State through taxes, interest and other aspects of preferential policies to encourage enterprises to implement supplementary old-age insurance, and basically implemented a multi-level old-age insurance system.
2, the state-based old-age insurance system co-ordination
National Co-ordination-type (universal programs) are divided into two types:
1) The location of the welfare state generally adopted, and also known as welfare and pension insurance, the earliest British creation, currently applicable to the types of countries including Sweden, Norway, Australia, Canada.