State-run social security and Beijing 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: Civil Code of People's Republic of China (PRC).

Article 2 Foreign insurance companies mentioned in the Regulations refer to insurance companies registered outside China and engaged in insurance business.

Article 3 Foreign insurance companies and companies and enterprises in China shall jointly establish joint venture insurance companies (hereinafter referred to as joint venture life insurance companies) in China, in which the proportion of foreign capital shall not exceed 50% of the total share capital of the company. Foreign insurance companies directly or indirectly hold shares in joint venture life insurance companies, and shall not exceed the proportion limit stipulated in the preceding paragraph.

Article 4 If the registered capital or working capital of a foreign-funded insurance company established in China before the Regulations come into effect is less than 200 million yuan or its equivalent in a freely convertible currency, it shall be paid in full within 2 years after these Rules come into effect; If the registered capital or working capital is not paid in full, China CIRC will not approve its new business application.