The difference between endowment insurance 1 and 7th grade.

The difference between the old-age insurance 1 file and the seventh file is that the payment is different and the pension received after retirement is also different. Pension insurance 1 file payment is 747.96 yuan. The 7-file payment for endowment insurance is 3,739.8 yuan. The higher the payment file, the more pension you will receive after retirement. The social insurance system adheres to the principles of wide coverage, basic protection, multi-level and sustainability, and the level of social insurance should be compatible with the level of economic and social development. The basic pension consists of overall pension and individual account pension. The basic pension is determined according to factors such as individual cumulative payment years, payment wages, average salary of local employees, personal account amount, average life expectancy of urban population, etc.

Article 4 of People's Republic of China (PRC) Social Insurance Law Employers and individuals in People's Republic of China (PRC) pay social insurance premiums according to law, and have the right to inquire about payment records and personal rights and interests records, and require social insurance agencies to provide social insurance consultation and other related services. Individuals enjoy social insurance benefits according to law and have the right to supervise the payment of their own units.