Differences between Rural Insurance and Social Security in Dongtai City

First, agricultural insurance also belongs to social security. Don't think that agricultural insurance is not social security. It belongs to the category of social endowment insurance.

Second, there is no rural insurance now, and it has merged with urban residential insurance to form the endowment insurance for urban and rural residents.

The main differences between urban and rural residents' old-age insurance and urban workers' old-age insurance are:

1. The payment system is different. The endowment insurance for urban workers is paid on a monthly basis, with the wages of employees as the payment base. The endowment insurance for urban and rural residents shall be paid in accordance with the prescribed amount every year.

2. Endowment insurance for urban workers is compulsory, and endowment insurance for urban and rural residents is voluntary.

3, urban workers' pension insurance to the statutory retirement age, retirement procedures, urban and rural residents reach the statutory retirement age, retirement procedures, not retirement.

4. Pension has different calculation methods. The old-age insurance for urban workers is calculated according to the payment period, payment base, personal account and social average wage, and the calculation method is complicated. The endowment insurance for urban and rural residents is calculated according to the total payment+government subsidy+basic pension. The calculation method is relatively simple.

5. The age of receiving pension is different. Endowment insurance for urban workers, male 60, female 50 and female cadre 55. Old-age insurance for urban and rural residents, regardless of gender, is received at the age of 60.

6. After the death of the urban employee pension insurance insured, the funeral expenses will be paid. If there are dependent relatives, a one-time pension will be paid. If the insured person of urban and rural residents' endowment insurance dies, there is no pension for the dependent relatives. Some provinces and cities stipulate funeral expenses, but the state does not.

Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.