What is the difference between the social security company to pay and their own payment social security company to pay and their own payment difference

1, the nature of the payment is different: the unit to pay the pension insurance is mandatory, as long as the work in the unit, the unit has to pay, otherwise it will be penalized. Individuals pay pension insurance is voluntary. If you feel that social security is more important, you can pay a monthly fee, you can pay yourself, or you can choose not to pay.

2, eligibility is different: the unit to pay pension insurance is a prerequisite that you have a regular job and a unit, but there is no limit to the account. Either local or not, can be handed over to the social security staff. Individual contribution pension insurance does not require a job, but it is usually a local account.

3. Differences in who pays and the rate of payment of the unit to pay the pension insurance premiums, paid by the unit and the individual **** the same. This rate of contribution by the unit is much higher than that of the individual. However, the rate will be much higher when the unit pays only its own principal. Most importantly, only 40% of this is included in the individual account, while 60% is included in the social security account. In the absence of a perfect death, only the money in the individual account would be inherited. Comparing the unit's pension with the individual's pension shows that the unit pays a lot of the pension costs. Because the unit pays most of it, the individual's share is very low.