Is the social security individual contribution the same as the enterprise contribution and retirement benefits?

There is no difference between social security units and individuals paying pensions. 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. , has nothing to do with social security units or individuals.

The social security purchased by the company is called employee social security, including endowment insurance, medical insurance, work injury insurance, unemployment insurance and maternity insurance, which is referred to as five insurances for short. Personal insurance can be divided into flexible employment social security and resident social security. After retirement, the retirement salary remains unchanged.

There are the following differences between units paying social security and individuals paying social security pensions:

1. After the company has paid social security for fifteen years and reached the statutory retirement age, it can receive a monthly pension. If it is less than 15 years, you can continue to pay fees, and you can receive a pension after 15 years;

2. Individual contributions are paid annually, and there is no mandatory requirement, which belongs to voluntary insurance. In addition to individual contributions, the government will also give subsidies. The more individual contributions, the more government subsidies. Individual contributions and government subsidies are all included in the insured's personal account;

3. Whether it is employee pension or resident pension, the higher the payment base and the longer the payment time, the more pensions will be received after retirement. The proportion of individual contributions is low, and the pension received after retirement will be lower.

Individual social security policies are as follows:

1. The payment base for urban individual industrial and commercial households and flexible employees to participate in the basic old-age insurance is the average salary of local employees in the previous year, and the payment ratio is 20%, of which 8% is credited to personal accounts. After retirement, the basic pension shall be calculated and paid according to the method of calculating and paying the basic pension for enterprise employees;

2, medical insurance, freelancers, self-employed insured, you can choose to establish a pool fund, not to establish a personal account, according to the local average monthly salary of 4.2% to pay the basic medical insurance premium; You can also choose to pay 8% of the local average monthly salary in the previous year and establish a personal account. Employees participating in medical insurance, 6% units and 2% individuals;

3. After completing the old-age insurance procedures, pay medical insurance at the local medical insurance center with the old-age insurance procedures and related documents;

4. Minimum payment period of endowment insurance 15 years, and minimum payment period of medical insurance is 25 years. And when you reach retirement age, you can apply for pension benefits and medical reimbursement concessions.

Legal basis: Article 4 of People's Republic of China (PRC) Social Insurance Law. Employers and individuals in People's Republic of China (PRC) pay social insurance premiums according to law, and have the right to inquire about payment records and personal rights records, and require social insurance agencies to provide social insurance consultation and other related services.