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The difference between provincial social security and municipal social security retirement
The difference between provincial social security and municipal social security retirement lies in the different coverage and management institutions.
Provincial social security retirement refers to the retirement benefits enjoyed by people who participate in provincial social insurance and reach retirement age. Provincial social security institutions are responsible for the management and payment of pensions, and specific standards and policies are formulated by provincial social security departments. Municipal social security retirement refers to the retirement benefits enjoyed by people who participate in social insurance within the municipal scope and reach retirement age. The municipal social security agency is responsible for the management and payment of pensions, and the specific standards and policies are formulated by the municipal social security department.
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