What is the difference between individual payment and company payment of social security with the same length of service? What's the difference between the money received for retirement?

What is the difference between individual payment and company payment of social security with the same length of service? What's the difference between the money received for retirement?

Now basically everyone has social insurance. Although the cost of social insurance is getting higher and higher in recent years, everyone is paying the price of chastity for this kind of old-age care and medical security.

However, many people don't really know the difference between paying social insurance by unit and paying social insurance by themselves.

How much can I get after retirement? How much social insurance can I get back when I die before retirement?

In recent months, it has been reported on the Internet that all localities have announced the cancellation of the company's social security contributions, but employees still pay as usual. Today we will talk about social security issues, and everyone should keep in mind!

First, what is the difference between a company paying social security and paying social security by itself?

Individuals can enjoy social security for urban workers and urban and rural residents at the same time.

If you pay social security in the company, you can only participate in social security for urban workers. I especially remind you to pay two social insurances in time, and you can only receive retirement according to 1

1. Social security for urban workers: Social security for workers includes five insurances, namely, basic old-age insurance, basic medical insurance, industrial injury insurance, maternity insurance and unemployment insurance; These requirements are mandatory and necessary.

The expenses are shared by the enterprise and employees, with the enterprise paying more and the individual paying less.

2. Social security for urban and rural residents: All social security expenses are borne by individuals, and they can participate in urban and rural residents' old-age insurance and urban and rural residents' medical insurance separately or simultaneously.

Please note that these two types of insurance are completely different and need to be handled separately.

Second, how much you can get by paying social security.

Social security payment score 12 grade, depending on your economic ability. Those with financial ability can choose a higher grade, and those without financial ability can choose 60% grade.

If you get a pension, that's more than that, because the pension is still rising every year. Generally speaking, you can get it back about 10 years after retirement.

So, what will happen to the pension if you die unfortunately?

First of all, the balance of personal donations received can be inherited by your legal heir.

If the pension contribution ratio is 20%, of which 12% is included in the consolidated account and 8% is included in the personal account, this part cannot be inherited, because the funds included in the consolidated account do not belong to individuals.

What the heir can get is the social security balance of 8% in the personal account, as well as the income from interest and fund management.

The second is to receive funeral subsidies and spiritual comfort.

According to the Insurance Law, people who used to be members of the basic pension plan can get funeral subsidies if they die due to illness or reasons unrelated to work.

The regulations on funeral welfare are not uniform throughout the country, so it is necessary to consult the local social security office.

The Social Security Law also clearly stipulates the payment of mental compensation.

But at the same time, the regulations are not uniform all over the country. According to the average social wage subsidy in some places, the maximum payment can be 10 month. How much should I pay according to local regulations? You should also consult the local social security department.

Third, due to the influence of diseases, can pensions be paid on time?

Many people are worried that their pensions will not be paid on time because the social insurance department cannot operate due to the epidemic.

In fact, don't worry, because the social security department has considered this situation, and the pension will always be paid in full and on time.

For example, the Shanghai Municipal Finance Bureau has announced that it will ensure that the social security benefits of the insured are paid in full and on time without affecting the social security benefits of the insured, and enterprises that pay social security will be reduced or exempted in stages.

In addition, in order to improve the sustainability of the fund, the proportion of state-owned capital operating income transferred to the general public budget has increased from 28% in 20 19 to 30% in 2020 to supplement the social security fund.