Is self-funded social security the same as company payment?

In fact, the individual payment of social security and the company payment are really very different. Social security in China is divided into two types: social security for urban and rural residents and social security for urban workers. According to the regulations, the social security paid by individuals enjoys the social security of urban and rural residents, and the social security paid by units enables individuals to enjoy the social security of urban workers. The two types of insurance cover different types of insurance. Social security paid by individuals usually only includes endowment insurance and medical insurance, and the other three types of insurance are purchased voluntarily. The social security paid by the unit for employees must cover five types of insurance, so as to provide more comprehensive protection for individuals.

The difference between paying social security by yourself and paying social security by the company is as follows: 1. The types of insurance to be paid are different: (1) enterprise social security. The insurance paid by enterprises for employees includes five insurances and one gold: old-age insurance, unemployment insurance, medical insurance, industrial injury insurance, maternity insurance, and housing accumulation fund. The payment of enterprise social security is compulsory, and the law stipulates that employers and workers must participate in social insurance and pay social insurance premiums according to law; (2) Personal social security. There are only two kinds of social insurance paid by individuals: endowment insurance and medical insurance. According to the regulations, flexible employees voluntarily participate in basic medical insurance and basic medical insurance in their own names, and are not included in the scope of unemployment, work injury and maternity insurance; 2. Different payment ratios: (1) Social security, endowment insurance, medical insurance and unemployment insurance of enterprises are paid by individuals and enterprises respectively, and general enterprises account for a relatively large proportion. At present, pension insurance companies pay 20% and individuals pay 8%; Unemployment insurance companies pay 2/8, individuals pay 1%, medical insurance companies pay 8%, and individuals pay 2%. Industrial injury insurance and maternity insurance do not need to be paid by individuals, and they are all paid by enterprises; (2) Personal social security, as an individual to pay social insurance premiums requires personal commitment. 3. There are differences in retirement benefits: (1) retirement time. First of all, there are differences in the retirement age of female insured persons. The female cadres of the unit are 55 years old and the female employees are 50 years old. Everyone is 55 years old. The age at which a male insured person receives a pension after retirement is 60 years old, regardless of unit or individual; (2) Insurance: Enterprise social security has three insurance benefits: unemployment, work injury and maternity, while individual social security does not have these three insurance benefits; (3) Medical expenses: the medical insurance card of enterprise social security has a certain amount of medical expenses every month, and the personal social security has no medical expenses; (4) Different ways to receive old-age insurance: (1) Enterprise social security, individuals participate in basic old-age insurance and accumulate when they reach the legal retirement age. If the accumulated payment is less than fifteen years when reaching the statutory retirement age, the payment can be made for fifteen years, and then the basic pension can be received monthly. If an individual who participates in the basic old-age insurance dies due to illness or non-work, his will can receive funeral subsidies and pensions; Persons who have completely lost their ability to work due to illness or non-work-related disability before reaching the statutory retirement age can receive disability allowance. (2) Personal social security, social security paid by individuals is an endowment insurance system covering non-employees with urban household registration. Most cities pay an annual fee, and voluntary insurance is not compulsory. In addition, in addition to individual contributions, the government will also subsidize individual social security. The more individual contributions, the more government subsidies, and all individual contributions and government subsidies are included in the insured's personal account.

Flexible employment, with its high efficiency and various forms, has increasingly become an important part of the labor market under the background of new formats. At the same time, it plays an important role in expanding the scope of employment and alleviating the pressure of unemployment. First of all, for flexible employees, their basic livelihood can be guaranteed through this employment method, which is conducive to promoting the upgrading of China's consumer market. At the same time, it has also become an important channel to break the dual structure of urban and rural areas and absorb the urban and rural labor force, which has attracted more and more attention and policy support from the state. Flexible employment shows great vitality in the process of marketization in China and plays a positive role in China's social and economic development. Flexible employment has created a large number of jobs and eased the employment pressure.

Therefore, self-funded social security and enterprise payment are different, and there are certain differences between them.

Legal basis:

Article 10 of the Social Insurance Law of People's Republic of China (PRC) * * * Employees shall participate in the basic old-age insurance, and both employers and employees shall pay the basic old-age insurance premium. Individual industrial and commercial households without employees, part-time employees who have not participated in the basic old-age insurance in the employer and other flexible employees can participate in the basic old-age insurance, and individuals pay the basic old-age insurance premium. The measures for the endowment insurance of civil servants and staff managed by reference to the Civil Service Law shall be formulated by the State Council.