Is it better to sell five insurances in Panzhihua or buy five insurances in Chengdu?

With the same payment period in both places, Panzhihua has a better pension.

Social security benefits are similar, but it is also related to the local economic development level. The level of retirement salary mainly depends on the number of years of social security contributions and the base of social security contributions. The larger the social security payment base, the longer the payment period and the higher the retirement salary. The per capita income of Panzhihua is higher than that of Chengdu, and there are some subsidies in Panzhihua, so the social security benefits are similar, but it is also related to the local economic development level.

In 2022, the minimum payment standards for Panzhihua five insurances are as follows: endowment insurance, with units and individuals paying 16% and 8% respectively; Medical insurance, units and individuals pay 7.5% and 2% respectively; Unemployment insurance, units and individuals pay 0.7% and 0.3% respectively; Work-related injury insurance units pay 0.5%, and individuals do not pay.