Is it the same for individuals to pay social security after retirement as for companies?

After retirement, individuals pay social security, and companies pay social security.

The retirement wages paid by individuals and companies are the same, because the calculation of retirement wages is determined according to the provisions of the social insurance law, mainly based on factors such as individual cumulative payment years, payment wages, average wages of local employees, personal account amount, average life expectancy of urban population and so on. Whether individuals or units pay social security for employees, as long as they meet the statutory conditions, the basic pension after retirement is paid according to the same calculation method. Therefore, there is no difference between the social security paid by individuals and units for post-retirement benefits.

Benefits of personal social security and corporate social security:

1. Guaranteed basic pension: regardless of individual contributions or company contributions, you can receive basic pension according to the standards stipulated by the state after retirement;

2. Enjoy medical insurance benefits: the social security paid by individuals and companies includes medical insurance, and they can enjoy medical expenses reimbursement after retirement;

3. Protection of industrial injury insurance rights and interests: If industrial injury insurance is included in social security, both individuals and companies can get corresponding protection when industrial injury occurs;

4. Compensation brought by unemployment insurance: During the period of unemployment, eligible individuals can receive unemployment insurance money to reduce economic pressure;

5. Benefits of maternity insurance: For female employees, maternity insurance in social security paid by individuals or companies can provide certain economic subsidies during childbirth.

To sum up, the social security paid by individuals after retirement is the same as that paid by companies. Whether it is basic pension, medical insurance, industrial injury insurance, unemployment insurance or maternity insurance, social security paid by individuals and units can enjoy corresponding rights and guarantees.

Legal basis:

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

Article 15

The basic pension consists of overall pension and individual account pension. The basic pension is determined according to factors such as individual cumulative payment years, payment wages, average salary of local employees, personal account amount, average life expectancy of urban population, etc.