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What is the difference between employee pension insurance and social pension insurance?
The state implements social endowment insurance and sets up different endowment insurance for different classes to adapt to the insured's own situation and enthusiasm. Each kind of endowment insurance has its own characteristics to adapt to different groups.
Social basic endowment insurance is the highest level of endowment insurance. On the basis of participating in basic old-age insurance, you can choose to participate in enterprise supplementary old-age insurance, employee personal savings old-age insurance and commercial old-age insurance, but social basic old-age insurance is the most important and indispensable.
Old-age insurance for urban workers, limited to urban workers, is a kind of social basic old-age insurance, and only urban workers can participate in the old-age insurance for urban workers. But also mandatory, and national legislation must be insured.
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