What's the difference between the first, second and third grades of social security in Zhuhai?

Social security payment is divided into four grades: the lowest grade (40%), the first grade (60%), the second grade (80%) and the third grade (100%). The difference is that low-grade social security contributions are low, and the balance of funds entering personal accounts is also small. When calculating the pension in the future, the average contribution index converted into the formula will be low, resulting in less pension, while the social security with high contribution ratio will receive higher pension than the low-grade social security.

Legal objectivity:

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, so as to guarantee citizens' right to receive material assistance from the state and society in accordance with the law in case of old age, illness, industrial injury, unemployment and maternity.