What's the difference between social security and unit payment?

The difference between paying social security by yourself and paying social security by the company lies in:

1, with different properties. Flexible employees who pay social security by themselves can voluntarily choose whether to pay social security; The unit is forced to pay social security;

2. Different types of insurance. As a flexible employee, I pay social security for urban workers, and usually I can only pay two kinds of insurance: employee pension insurance and employee medical insurance; The social security for urban workers paid by the unit includes five types of insurance: endowment insurance, medical insurance, work injury insurance, maternity insurance and unemployment insurance;

3. The payment base is different. As a flexible employee, you can choose a suitable payment base according to your actual situation, which usually ranges from 60% to 300% of the local average social wage in the previous year; Units pay social security, and the payment base is calculated according to the average salary of employees in the previous year;

4. The individual contribution ratio is different. Flexible employees pay their own social security and need to bear all the expenses themselves. The contribution rate of employee pension insurance is usually 20%, and the contribution rate will be slightly higher in some areas, of which 12% will enter the pension insurance pooling account and 8% will enter the personal account; The unit pays social security, and the contribution ratio of the employee pension insurance unit is 16% of the payment base, and the individual employee contribution ratio is 8%, which means that the unit will bear most of the expenses, and the individual employee only needs to bear a small part;

5. The retirement age of endowment insurance may be different. Pay their own social security, flexible employment men retire at the age of 60, flexible employment women retire at the age of 55, some cases allow flexible employment women to retire at the age of 50, and a few areas uniformly stipulate that flexible employment women retire at the age of 50, which is subject to local policies; Units pay social security, men retire at the age of 60, female employees retire at the age of 50, and female cadres retire at the age of 55.

legal ground

People's Republic of China (PRC) social insurance law

Twenty-third employees should participate in the basic medical insurance for employees, and employers and employees should pay the basic medical insurance premiums in accordance with state regulations. Individual industrial and commercial households without employees, part-time employees who have not participated in the basic medical insurance for employees and other flexible employees can participate in the basic medical insurance for employees, and individuals pay the basic medical insurance premium in accordance with state regulations.