Is the pension in social security?

Pension is an important part of the social insurance system, which is incorporated into the social security system to provide basic living security for retirees.

First, the relationship between pension and social insurance

Social insurance is a social security system shared by the state and society, which aims to ensure that citizens can get material help from the state and society according to law in the event of birth, old age, illness, death, injury and disability. As an important part of social insurance, pension is one of the important sources of income for retirees.

Second, the source and payment of pensions

The sources of pension mainly include individual contributions, enterprise contributions and state financial subsidies. Individuals and enterprises pay old-age insurance premiums according to a certain proportion, forming an old-age insurance fund to pay pensions for retirees. The state finance will also subsidize the endowment insurance fund to ensure the full payment of pensions.

Pension payment follows certain standards and procedures. Generally speaking, retirees need to meet certain age and payment period conditions in order to enjoy pension benefits. Specific standards and procedures vary from country to country, but the actual needs of retirees and the affordability of social security funds are usually considered.

Third, the role and significance of pensions

Pension plays an important role and significance for retirees. It can not only provide basic living security, but also help retirees to maintain a certain standard of living, relieve the family's economic pressure and enhance social stability. In addition, the pension system also helps to promote economic development and social progress and improve the overall welfare level of the country.

To sum up:

Pension is an important part of social insurance system, which aims to provide basic living security for retirees. It comes from individual contributions, enterprise contributions and state financial subsidies, and is distributed according to certain standards and procedures. Pension is of great significance to retirees, which can not only provide living security, but also relieve family pressure and promote social stability and economic development.

Legal basis:

People's Republic of China (PRC) social insurance law

Article 16 stipulates:

Individuals who participate in the basic old-age insurance will receive the basic old-age pension on a monthly basis if they have paid a total of fifteen years when they reach the statutory retirement age. If an individual who participates in the basic old-age insurance dies due to illness or non-work, his survivors can receive funeral grants and pensions; Persons who have completely lost their ability to work due to illness or non-work-related disability before reaching the statutory retirement age can receive disability allowance. The required funds are paid from the basic old-age insurance fund.

Article 22 provides that:

The state establishes and improves the social endowment insurance system for urban residents.

The people's governments of provinces, autonomous regions and municipalities directly under the Central Government may, according to the actual situation, combine the social endowment insurance for urban residents with the new rural social endowment insurance.