Is the pension social security now?

Pension is not social security. Retirement pension is a monthly or lump-sum payment of insurance benefits in the form of money according to the provisions of the social insurance system, after the elderly are old or lose their ability to work, according to their contributions to society and their qualifications for enjoying old-age insurance or retirement conditions. Mainly used to protect the basic needs of employees after retirement.

Social security generally refers to social security, which refers to social insurance or security mechanism with the state or government as the main body, generally including social insurance, social assistance, social preferential treatment and social welfare. Its essence is the pursuit of fairness, and its purpose is to meet the needs of citizens' basic living standards.

The difference between pension and social security lies in the different concepts and contents of the law. For example, in terms of content, although social insurance includes the concept of providing for the aged, it is not limited to this, that is, they are a wide-ranging relationship between inclusion and package. Different concepts, different contents and different purposes.

People's Republic of China (PRC) Social Insurance Law Article 2 The state establishes social insurance systems such as basic old-age insurance, basic medical insurance, industrial injury insurance, unemployment insurance and maternity insurance to protect citizens' right to get material help from the state and society in the event of old age, illness, industrial injury, unemployment and maternity.

Article 3 The social insurance system adheres to the principles of wide coverage, basic protection, multi-level and sustainability, and the level of social insurance should be compatible with the level of economic and social development.

Article 4 Employers and individuals who pay social insurance premiums according to law in People's Republic of China (PRC) have the right to inquire about payment records and personal rights and interests records, and ask social insurance agencies to provide social insurance consultation and other related services.

Individuals enjoy social insurance benefits according to law and have the right to supervise the payment of their own units.

Article 6 The State exercises strict supervision over social insurance funds.

The State Council and the people's governments of provinces, autonomous regions and municipalities directly under the Central Government shall establish and improve the supervision and management system of social insurance funds to ensure the safe and effective operation of social insurance funds.

People's governments at or above the county level shall take measures to encourage and support all sectors of society to participate in the supervision of social insurance funds.