Is it social security to pay 100 yuan endowment insurance every year in rural areas of Chongqing? Can I still buy five insurances in the company?

In the rural areas of Chongqing, the annual endowment insurance of 100 yuan is also social security, which is a new type of endowment insurance for urban and rural residents. When the company has the opportunity to participate in the social insurance for urban workers, it can only choose one of the two social insurances, and cannot pay at the same time, nor can it enjoy two retirement benefits.

1, the new urban and rural residents' old-age insurance payment is low, and they receive relatively little pension after reaching retirement age;

2. Social insurance for urban workers includes basic old-age insurance, basic medical insurance, industrial injury insurance, unemployment insurance and maternity insurance, with complete types of insurance and high treatment. However, apart from the fact that the unit bears most of the expenses, the individual contributions of employees are much higher than the new endowment insurance for urban and rural residents.

Employees can choose which social security to participate in according to their personal economic situation and expected retirement benefits.

For more information about social insurance, please refer to:

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