What's the difference between social security fund and pension?

These two concepts are different. Endowment insurance refers to a kind of social insurance established by the state and society according to laws and regulations to solve the basic livelihood of workers after they reach the working age limit stipulated by the state and terminate their labor obligations or quit their jobs because of old age.

Social security fund, namely social insurance, refers to:

endowment insurance

medical insurance

maternity insurance

unemployment insurance

employment injury insurance

The National Social Security Fund (hereinafter referred to as the Social Security Fund) refers to the social security fund centrally managed by the central finance, managed by the National Social Security Fund Council (hereinafter referred to as the Council), and consists of funds transferred from state-owned shares and equity assets, funds allocated by the central finance, funds raised by other means approved by the State Council and their investment income.

Social security funds are not open to individual investors. Social security fund is a part of the endowment insurance premium paid by the state to enterprises and institutions managed by professional institutions in order to maintain and increase the value.

The budget of social insurance fund in 20 13 was included in the budget report for the first time and was supervised by the highest authority in China.

In 20 13, the national social insurance fund budget was compiled according to the types of insurance, including basic endowment insurance fund, basic medical insurance fund, unemployment insurance fund, work injury insurance fund, maternity insurance fund and other social insurance funds. ?

2065438+On February 3, 2006, the State Council executive meeting, the National Social Security Fund Regulations (Draft) was passed. This means that the asset management of social security fund10.5 trillion will be truly legal.

The National Social Security Fund Regulations (Draft) clearly stipulates the financing, management and use of the national social security fund, further standardizes the operation of the fund and ensures its safety.