What is the difference between endowment insurance and social security for urban residents in Baotou City, Inner Mongolia?

The endowment insurance fund for urban residents is mainly composed of individual contributions and government subsidies. At present, the payment standard is set at 100 yuan per year, 200 yuan, 300 yuan, 400 yuan, 500 yuan, 600 yuan, 700 yuan, 800 yuan, 900 yuan, 100 yuan and 10 grades. Local people's governments may add payment grades according to actual conditions. Insured people choose their own grades to pay, and pay more. According to the economic development and the growth of per capita disposable income of urban residents, the state adjusts the payment grade in a timely manner.

Social security, the full name of social insurance, refers to the social insurance or security mechanism to help citizens face certain social risks, such as unemployment, illness, accidents, aging and death, or to protect basic living resources, such as education and medical care.

For employees, social security is usually called "five insurances", specifically: endowment insurance, medical insurance, unemployment insurance, work injury insurance and maternity insurance; "Five insurances": According to the wages of employees, the proportion of units and individuals is generally: 20% for pension insurance units and 8% for individuals; 8% for medical insurance units and 2% for individuals; Unemployment insurance unit 2%, individual1%; Maternity insurance shall be borne by the unit at 0.7%; 0.5~ 1.6% of work-related injury insurance is also borne by the unit, and individual employees do not bear maternity and work-related injury insurance. Provinces and cities bear different proportions.

Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.