What's the difference between individual pension insurance and flexible employee pension insurance?

The difference between individual pension insurance and flexible employee pension insurance mainly lies in the payment method and payment base. Employee pension insurance is paid by units and individuals in proportion, with unit contributions included in the overall account and individual contributions included in the personal account; The endowment insurance for flexible employees is paid at 20% of the average salary of employees in the last year in the overall planning area, of which 100% is included in the overall planning account and 8% is included in the personal account. Social security for urban residents is an old-age insurance system covering non-employees with urban household registration, and social security for flexible employees is handled by urban household registration and non-agricultural household registration personnel in the talent center where they keep their files.

The difference between individual pension insurance and flexible employee pension insurance is that individual pension insurance means that individuals buy their own pension insurance, pay their own insurance premiums and receive pensions when they retire. Flexible employment endowment insurance refers to the endowment insurance for flexible employees. Flexible employees and employers jointly pay insurance premiums and can receive pensions when they retire. The main difference between individual pension insurance and flexible employee pension insurance lies in the different payment methods. Individual pension insurance is paid by individuals themselves, and the pension insurance for flexible employees is paid by flexible employees and employers. In addition, the scope of individual pension insurance is wider, which can cover more professional groups, while the pension insurance for flexible employees is only for flexible employees.

Personal endowment insurance is a kind of personal insurance for urban and rural residents. All urban and rural residents who are 16 years old, healthy and have the ability to work or work normally can apply to the insurance company for insurance.

The retirement conditions of flexible employees in Youyi County, Heilongjiang Province mainly include the following points:

1. Age: over 60 (male) and over 55 (female);

2. Working years: more than 25 years for men and more than 20 years for women;

3. Social insurance: have participated in social insurance 15 years or more;

4. Vocational skills: Have certain vocational skills;

5. Economic conditions: There are enough economic conditions to maintain a normal life.

Legal basis:

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

Eleventh basic old-age insurance to implement the combination of social pooling and individual accounts.

The basic old-age insurance fund consists of employers, individual contributions and government subsidies.

Article 12 The employing unit shall pay the basic old-age insurance premium according to the proportion of the total wages of 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.

Thirteenth employees of state-owned enterprises and institutions to participate in the basic old-age insurance, the basic old-age insurance premiums payable during the payment period shall be borne by the government.

When the basic old-age insurance fund is insufficient to pay, the government gives subsidies.

Tenth employees should participate in the basic old-age insurance, and employers and employees should pay the basic old-age insurance premium.

Individual industrial and commercial households without employees, part-time employees who have not participated in the basic old-age insurance in the employer and other flexible employees can participate in the basic old-age insurance, and individuals pay the basic old-age insurance premium.

The measures for the endowment insurance of civil servants and staff managed by reference to the Civil Service Law shall be formulated by the State Council.