What's the difference between social security fund and pension?

The differences between social security fund and pension mainly include different attributes, different objects, different functions, different obligations and different legal application. The specific payment of social security funds and pensions needs to be handled according to the actual situation of the parties.

1. What's the difference between social security fund and pension?

First, the basic attributes are different: the former is administrative compulsory social security and belongs to the nature of social welfare; The latter is the business activities of financial enterprises, and insurance is a voluntary insurance institution with the purpose of making profits, which is an equivalent exchange relationship with the insured;

Second, the object and function are different: the former is aimed at social workers and their families, who get basic living security when they are born, old, sick, disabled, injured and unemployed; The latter takes anyone's life, body and property as the object, and distinguishes different accidents that may occur in different stages of life, different parts of body and property, so as to obtain certain economic compensation when accidents occur;

Third, the reciprocal relationship between rights and obligations is different: the insurance benefits of the former mainly come from the accumulation of labor results when workers work, and workers have made contributions to society and paid a small amount of social insurance benefits, thus establishing the relationship between rights and obligations; The latter's insurance premium comes from personal income (including property income), and the amount received depends on the insured amount, and the rights and obligations are equal in monetary relations;

Fourth, the category of legislation is different: the former belongs to the category of social legislation; The latter belongs to the category of economic legislation; Fifth, the management system is different. The former belongs to the administrative leadership system; The latter belongs to the financial system.

Two, the "social insurance law" provisions of the old-age insurance

Tenth employees should participate in the basic old-age insurance, the basic old-age insurance premiums paid by the employer and employees.

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.

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.

Article 14 Individual accounts shall not be withdrawn in advance, and the bookkeeping interest rate shall not be lower than the bank time deposit interest rate, and interest tax shall be exempted. If an individual dies, the balance of the individual account can be inherited.

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.

The specific identification of social security funds and pensions should be handled in strict accordance with the above-mentioned legal provisions, especially for different types of social security and wages of different personnel. If the handling of the relevant situation is not clear, you can consult a lawyer to define it.