What is the difference between paying more and less for pension insurance?

The more you pay, the higher the base you pay, the more money you get into your personal account, and the less you pay, the less you get when you retire, and the amount of your pension is closely related to the amount of money stored in your account and the number of years you've been paying contributions.

The higher the salary, the higher the index of social security contributions, the higher the index, the higher the amount of money paid, the more you get after retirement pension. Those below 60 percent of the average social wage are calculated at 60 percent, and those above three times the average social wage are calculated at three times.

I. Those who have accumulated more than 10 or 15 years of contributions and have reached the legal retirement age will be able to enjoy the pension benefits, but the longer the years of contributions and the more the amount of contributions, the more the pension in the future will be, and vice versa.

Social insurance is a kind of insurance that is mandatory for the state to purchase, and the state develops the social insurance business, establishes the social insurance system, and establishes the social insurance fund, with the purpose of enabling workers to get help and enjoy the insurance treatment in the case of old age, illness, work injury, unemployment, and maternity etc. The social insurance system is a kind of insurance that is mandatory for the state to purchase. China's "labor law" and "social insurance law" are expressly stipulated that the employer for the workers to pay social insurance is the employer's legal obligations, obviously has the characteristics of the state compulsory, the employer shall not be any excuse and reason to refuse to undertake the legal obligations.

The difference between urban social security and rural social security are:

1, the object of protection is different, the basic pension insurance for urban workers is to ensure that the urban employment groups and the new rural insurance protection is the rural residents.

2, the basic pension insurance for urban workers is mandatory under national laws and regulations, employers, employers, including individual workers must pay contributions in accordance with the provisions of the new rural insurance emphasizes the principle of voluntariness, farmers participate voluntarily, which is also based on the current stage of the reality of the countryside, guided by the government, but do not engage in coercive orders.

3, the financing structure is different, the basic pension insurance for urban workers is the main funding side of the employer, although the individual also contributes, but the employer is the main part of the contribution. The main contributor to the new rural insurance is the government, which gives the current 60 years old and older basic pension (the current standard is 55 yuan per person per month), and also subsidizes the contributions of young and middle-aged people.

4. Urban social insurance refers to the social insurance enjoyed by urban residents. Rural social security policy is guided by governmental organizations and adopts a system model combining social coordination and individual accounts. It adopts a financing method that combines individual contributions, collective subsidies and government subsidies, in order to guarantee the basic livelihood of farmers in their old age, a kind of old-age insurance policy.

I hope the above can help you, if you still have questions please consult a professional lawyer.

Legal basis:

Article 10 of the Social Insurance Law of the People's Republic of China

Employees shall participate in basic pension insurance, and shall pay basic pension insurance premiums by the employer and the employee***. Individual industrial and commercial households without employees, part-time workers who do not participate in basic pension insurance with their employing units, and other flexibly employed persons may participate in basic pension insurance and pay basic pension insurance premiums by themselves. The methods of pension insurance for civil servants and staff managed under the civil service law shall be prescribed by the State Council.