Is the salary the same after retirement with three insurances and five insurances?

After retirement, people who only pay three insurances and five insurances have the same pension.

Three insurances and five insurances include endowment insurance, and the proportion of pension is related to the payment period and payment base. Under the same conditions, the pension after retirement is the same. The five insurances include pension, medical care, work-related injury, unemployment and maternity insurance, while the three insurances do not include unemployment and maternity insurance, but the contribution ratio of pension, medical care and work-related injury insurance is the same.

As far as the five risks are concerned, the proportion of units and individuals is generally:

1, 20% for the endowment insurance unit and 8% for the individual;

2, medical insurance units bear six percent, individuals bear two percent;

3, unemployment insurance units bear two percent, individuals bear one percent;

4 maternity insurance premiums shall be borne by the unit by one percent;

5.0.8% of work-related injury insurance is also borne by the unit, and individual employees do not bear maternity and work-related injury insurance.

To sum up, retirement pension is the same as five insurances and three insurances. Social security five insurances are pension, medical care, work injury, unemployment and maternity insurance; Social security three insurances are endowment insurance, medical insurance and industrial injury insurance. Paying social security three insurances means paying less unemployment and maternity insurance, in which pension, medical care and industrial injury insurance pay the same fees, and those who pay social security enjoy the same "five insurances".

Legal basis:

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

Article 12

The employing unit shall pay the basic old-age insurance premium according to the proportion of the total wages of its employees stipulated by the state, and record it in the basic old-age insurance pooling fund.

Employees shall pay the basic old-age insurance premium in accordance with the proportion of wages stipulated by the state and record it in their personal accounts.

Individual industrial and commercial households without employees, part-time employees who have not participated in the basic old-age insurance in the employing unit and other flexible employees who have participated in the basic old-age insurance shall pay the basic old-age insurance premiums in accordance with state regulations and record them in the basic old-age insurance pooling fund and individual accounts respectively.