What is the difference between rural endowment insurance and social security?

1: The protection objects are different. Five insurances and one gold (social security) are mainly aimed at employees of enterprises and institutions; Rural old-age insurance is for urban and rural residents who have reached the age of 16 and have not participated in other social old-age insurance. 2. Different payment standards. Five insurances and one gold (social security) are paid according to a certain proportion and base of the average salary of employees in this city last year, and the payment is relatively high. The new rural endowment insurance and social security are in conflict. New farmers are an important part of social endowment insurance, and they are mutually exclusive. Those who participate in the new rural endowment insurance cannot participate in the old-age insurance for urban workers or the urban housing insurance. But they can be transferred to each other, that is to say, they can't participate at the same time, but they can be transferred from the old-age insurance for urban workers to the new rural insurance, and the payment period is calculated together. You can only enjoy it once after retirement. Take the last participant as the collection standard. Rural social endowment insurance refers to a social security system with social welfare nature, which includes eligible rural residents in the scope of insurance through individual, collective and government financing, and receives old-age security benefits when they reach the specified age, aiming at ensuring the basic life of rural residents in their later years. The new rural social endowment insurance system is a brand-new system established on the basis of summarizing and perfecting the rural social endowment insurance system developed in the 1990s in China.

Legal basis: Article 12 of the full text of the Social Insurance Law of People's Republic of China (PRC), the employer shall pay the basic old-age insurance premium in proportion to the total wages of its employees as stipulated by the state and record it in the basic old-age insurance pooling fund. Employees shall pay the basic old-age insurance premium in accordance with the proportion of wages stipulated by the state and record it in their personal accounts. Individual industrial and commercial households without employees, part-time employees who have not participated in the basic old-age insurance in the employing unit and other flexible employees who have participated in the basic old-age insurance shall pay the basic old-age insurance premiums in accordance with state regulations and record them in the basic old-age insurance pooling fund and individual accounts respectively.