The difference between endowment insurance of government institutions and enterprise endowment insurance.

The difference between enterprise endowment insurance and enterprise endowment insurance: enterprise endowment insurance is determined according to on-the-job salary and length of service at retirement; Enterprise endowment insurance is determined according to the number of years of participation, payment base and local social wages in the year of retirement. There are five differences in retirement benefits between enterprises and institutions. Generally speaking, if you work in a state-owned enterprise, your salary is higher, your payment base is higher, and your retirement benefits are similar to those of a public institution. Institutions at the same level have better retirement benefits. Endowment insurance is a social insurance system established by the state in accordance with relevant laws and regulations to ensure that workers reach the working age limit stipulated by the state, terminate their labor obligations or retire from their jobs because of old age. The purpose is to ensure the basic needs of the elderly through social insurance and provide them with a stable and reliable source of life.

Legal basis: People's Republic of China (PRC) Social Insurance Law.

Article 24 The state establishes and improves the new rural cooperative medical system. Measures for the administration of the new rural cooperative medical system shall be formulated by the State Council.

Article 25 The state establishes and improves the basic medical insurance system for urban residents. The basic medical insurance for urban residents combines individual contributions with government subsidies. People who enjoy the minimum living guarantee, disabled people who have lost their ability to work, elderly people and minors over 60 years old in low-income families, etc. , subsidized by the government.

Twenty-sixth basic medical insurance for employees, new rural cooperative medical care and basic medical insurance for urban residents shall be implemented in accordance with state regulations.