Is there a difference between 60% and 100% social security?

Pension payments are 65,438+000% and 60%. According to the provisions of the old-age insurance system for urban workers, it is the payment base approved by the local average social wage in the previous year. The approved base of the insured unit can be approved by 60% to 300% of the local average social wage in the previous year, and the insured individual can be approved by 60% to 100% of the average social wage in the previous year.

The difference between 60% social security payment and 100% is as follows:

1, different payment bases:

Pension payments are 65,438+000% and 60%. According to the provisions of the old-age insurance system for urban workers, it is the payment base approved by the local average social wage in the previous year. The approved base of the insured company can be approved by 60%-300% of the local average social wage in the previous year, and the insured individual can be approved by the average social wage in the previous year.

2. The fees paid are different:

100% payment of pension means full payment of pension, which is not great for personal influence, because individuals only pay 8%, and the key lies in the amount paid by the unit, because the amount paid by the unit accounts for 20%, so the burden on the unit will be very heavy.

According to the 60% pension payment, due to the decline in the payment base, the payment expenditure has also decreased.

3. The difference between receiving a pension after retirement:

Retirement pension is calculated according to: basic pension plus personal account pension, and the basic pension is closely related to the local average wage, payment period and payment base.

The higher the payment standard, the longer the payment time, the more the total amount in the personal account, and the more pensions you receive after retirement.

Main characteristics of endowment insurance

First, national legislation is mandatory, and all enterprises, units and individuals must participate. Those who meet the conditions for receiving a pension can go to the social insurance department to receive a pension.

Second, the source of endowment insurance expenses is generally shared by the state, units and individuals, or by units and individuals to achieve extensive social mutual assistance.

Third, the old-age insurance is social, with great influence, large number of people enjoying it for a long time and huge cost. Therefore, it is necessary to set up specialized agencies to implement unified planning and management of modernization, specialization and socialization.

Through the establishment of the old-age insurance system, it is conducive to the replacement of old and new, and the rationalization of employment structure; Providing the elderly with basic living security and a sense of security is an important measure to deal with the aging population and is conducive to social stability; It can inspire young people to forge ahead, raise wages, provide security for their retirement and help promote economic development from the side.

The problem of providing for the aged is not only a social problem, but also a global problem, which is related to the economic and civilized development of a country or society and needs our sufficient attention. Because the old-age insurance is implemented in a wide range, the insured enjoys treatment for a long time and the cost is huge, therefore, the government must set up special institutions to unify legislation, formulate rules, manage and implement in the whole society.

According to the law, we can know that enterprises pay the basic old-age insurance premium, the base of payment is the sum of all employees' wages, and the proportion of payment is 20%.

I hope the above content can help you. Please consult a professional lawyer if you have any other questions.

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 the employer and employees shall jointly 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.