The difference between provincial endowment insurance and municipal endowment insurance

Legal analysis: 1, the payment base is different. The provincial endowment insurance payment base is based on the average monthly salary of employees in the province last year, and the municipal endowment insurance is based on the city.

2. Money flows in different directions. The money of provincial endowment insurance finally flows to the funds managed by the provincial level, and the money of provincial endowment insurance finally flows to the municipal social security.

3, the scope of application is different. Therefore, the provincial endowment insurance has a wider scope of application and is universal in the whole province, while the municipal endowment insurance can only be used in the local market.

Legal basis: Article 15 of the Social Insurance Law of People's Republic of China (PRC) 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.