The difference between factory paying social security and individual paying social security.

Legal analysis: There are three differences between the two: First, the nature of payment is different: the endowment insurance is compulsory by the unit. As long as you work in the unit, the unit will pay you, otherwise you will be punished. It is voluntary for individuals to pay endowment insurance. If you think social security is more important, you can pay the monthly fee, you can pay it yourself or you can choose not to pay it. Second, the qualifications are different: the premise for the unit to pay endowment insurance is that you have a normal job and a unit, but there is no hukou restriction. Whether it is local or not, it can be handed over to social security personnel. Personal pension insurance does not require work, but it is usually a local account. Third, the difference between the object of payment and the proportion of payment. The endowment insurance premium paid by the unit shall be paid jointly by the unit and the individual. The contribution rate of this unit is much higher than that of individuals. But the unit only pays its own principal, and the rate will be much higher. Most importantly, only 40% of them are included in personal accounts, while 60% are included in social security accounts. If there is no perfect death, you can only inherit the money in your personal account. Comparing the unit pension insurance with the individual pension insurance, it is found that the unit has paid a lot of pension expenses. Because most of them are paid by units, the share of individuals is very low.

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

Article 4 Employers and individuals who pay social insurance premiums according to law in People's Republic of China (PRC) have the right to inquire about payment records and personal rights and interests records, and ask social insurance agencies to provide social insurance consultation and other related services.

Individuals enjoy social insurance benefits according to law and have the right to supervise the payment of their own units.

Fifth people's governments at or above the county level shall incorporate social insurance into the national economic and social development plan.

The state raises social insurance funds through multiple channels. People's governments at or above the county level shall give necessary financial support to social insurance.

The state supports social insurance through preferential tax policies.

Article 6 The State exercises strict supervision over social insurance funds.

The State Council and the people's governments of provinces, autonomous regions and municipalities directly under the Central Government shall establish and improve the supervision and management system of social insurance funds to ensure the safe and effective operation of social insurance funds.

People's governments at or above the county level shall take measures to encourage and support all sectors of society to participate in the supervision of social insurance funds.