What is the difference between urban and rural residents' endowment insurance and social security?

The differences between urban and rural residents' old-age insurance and social security are as follows:

1, different types of insurance. The endowment insurance for urban and rural residents only includes endowment insurance, and social security includes endowment insurance, medical insurance, work injury insurance, maternity insurance and unemployment insurance;

2. The payment entities are different. Endowment insurance for urban and rural residents is generally paid by rural residents, young students and low-income households with local hukou, and social security is paid by employees, individual industrial and commercial households and flexible employees;

3. Different payment methods. The cost of endowment insurance for urban and rural residents is fixed, while the cost of social security is paid according to a certain proportion of wages, with the unit paying the bulk and the employees paying only a small part.

Social security is social insurance, including industrial injury insurance, unemployment insurance, maternity insurance, old-age insurance and medical insurance. It is compulsory insurance that enterprises must pay to employees according to the labor law. This is a livelihood insurance, not for profit. Social insurance can provide the most basic insurance for employees. Social security is the abbreviation of social insurance, which can help the insured to solve part of the expenses and alleviate the economic pressure.

legal ground

People's Republic of China (PRC) Social Insurance Law Article 2 The state establishes social insurance systems such as basic old-age insurance, basic medical insurance, industrial injury insurance, unemployment insurance and maternity insurance to protect citizens' right to get material help from the state and society in the event of old age, illness, industrial injury, unemployment and maternity. Sixteenth individuals who participate in the basic old-age insurance will receive the basic old-age pension on a monthly basis if they have accumulated contributions for fifteen years when they reach the statutory retirement age.

Individuals who participate in the basic old-age insurance and pay less than fifteen years when they reach the statutory retirement age can pay for fifteen years and receive the basic pension on a monthly basis; Can also be transferred to the new rural social endowment insurance or urban residents' social endowment insurance, enjoy the corresponding pension insurance benefits in accordance with the provisions of the State Council. Fifteenth basic pension consists of overall pension and individual account pension.

The basic pension is determined according to factors such as individual cumulative payment years, payment wages, average salary of local employees, personal account amount, average life expectancy of urban population, etc.