The nature of social security is: urban workers.

Insurance Bian Xiao helps you answer, and more questions can be answered online.

Endowment insurance for non-urban workers and endowment insurance for urban workers, although belonging to social security, do not belong to a system, and there is a great difference between them.

First, the old-age insurance for urban workers is compulsory by the state and must be attended. The minimum payment must be over 15 years, and it must be paid to the retirement age, not the endowment insurance for urban workers. Participation is voluntary. Those under the age of 15 need not pay to 15.

Second, the payment methods are different. Endowment insurance for urban workers is paid on a monthly basis, and the payment base is my salary, which is limited to 300% and 60% of the average social salary respectively. Residents' pension insurance is paid annually, and the payment is fixed.

Third, the calculation method of pension is different. The old-age insurance for urban workers is calculated according to the payment period, payment base and social average wage, and the old-age insurance for residents is calculated according to the total payment and subsidies.

Fourth, the age of receiving the old-age insurance for urban workers is 60 years old for men, 50 years old for women workers and 55 years old for women cadres, and 60 years old for both men and women.

Fifth, pension insurance for urban workers, when they reach retirement age, is not pension insurance for urban workers, not retirement, but pension.

Sixth, due to the different nature of the two insurances, the adjustment of pension belongs to one document and is treated separately.

Seventh, residents' old-age insurance can provide collective subsidies, government subsidies, state subsidies and urban workers' old-age insurance according to local regulations, which are uniformly implemented according to provincial and municipal documents, without government subsidies and collective subsidies.