The difference between basic pension insurance for enterprise employees and work injury insurance

The difference between basic pension insurance for enterprise employees and work injury insurance is as follows:

1. The scope of protection is different: basic pension insurance is to provide livelihood protection for retired employees, while work injury insurance is to provide protection for employees who are injured at work or suffer from occupational diseases.

2. Different reimbursement rates: Workers' compensation insurance reimburses 100% of the costs, but some costs may not be covered, which are usually borne by the unit; the reimbursement rate of basic pension insurance varies according to a number of factors.

3. The main body of responsibility is different: Workers' Compensation Insurance is borne by the unit to ensure that the employee does not pay out-of-pocket; Basic Pension Insurance is paid by both the individual employee and the unit*** to provide protection for retirement life.

Types and functions of social security:

1. Basic pension insurance: to provide basic livelihood protection for retired workers;

2. Workers' compensation insurance: to provide medical treatment and financial compensation for workers injured at work or suffering from occupational diseases;

3. Basic medical insurance: to alleviate the financial burden of workers' medical treatment due to illness;

4. Unemployment insurance: to provide a certain period of living allowance and financial compensation for unemployed workers. workers for a certain period of time;

5. Maternity insurance: to provide medical expenses and maternity allowances for female workers giving birth.

In summary, the basic pension insurance for enterprise workers mainly provides livelihood protection for retired workers, which is paid by both individuals and units***, and the reimbursement ratio is varied; while the work injury insurance is designed to provide protection for workers who are injured at work or suffer from occupational diseases, which is the full responsibility of the unit and is reimbursed by 100 percent, although part of the cost may need to be borne by the unit.

Legal basis:

The Social Insurance Law of the People's Republic of China

Article 2

The state establishes a social insurance system of basic pension insurance, basic medical insurance, industrial injury insurance, unemployment insurance, maternity insurance, etc., and guarantees the right of citizens to obtain material assistance from the state and society in old age, sickness, industrial injury, unemployment and maternity, etc., according to law. rights.