What's the difference between occupational insurance and social security?

Employee social security is mainly aimed at employees who have jobs in cities. The types of insurance paid for employees' social security are different. The insurance paid by the company for employees includes: endowment insurance, unemployment insurance, medical insurance, work injury insurance, maternity insurance and housing accumulation fund. The proportion of payment is generally based on the employee's pre-tax salary.

Social security for residents, the only social security that urban registered residents can pay by themselves are pension insurance, medical insurance, unemployment insurance, work injury insurance, maternity insurance and housing accumulation fund, but residents cannot pay by themselves.

2. The retirement amount is different

The proportion of employees' social security contributions is generally based on employees' pre-tax wages. Personal account pension = personal account storage amount ÷ months; Basic pension = (average monthly salary of employees in the whole province in last year+average monthly payment salary indexed by myself) ÷2× payment period × 1% = average monthly salary of employees in the whole province in last year (1+ average payment index by myself) ÷2× payment period × 1%.

Residents' social security pension payment base is low, ranging from 100-3000 yuan. You can choose one of them to pay. Because the payment base is relatively low, the salary received after retirement is also relatively low.

First, social security.

Social security is the abbreviation of social insurance. It is a social and economic system that provides income or compensation for people who are unable to work, temporarily unemployed or suffer losses due to health reasons. It occupies a core position in the whole social security system, including pension insurance, medical insurance, maternity insurance, unemployment insurance and industrial injury insurance.

Endowment insurance, generally speaking, refers to the endowment insurance in social security, which is one of the five most important social insurances. However, the old-age insurance supports individuals to buy it separately, which means that you can buy it yourself without buying social security. As long as you are 18 years old and have paid for 15 years continuously, you can receive a pension when you reach the legal retirement age.

legal ground

Labor law of the people's Republic of China

Article 72 stipulates: "The social insurance fund shall determine the source of funds according to the types of insurance, and gradually implement social overall planning. Employers and workers must participate in social insurance and pay social insurance premiums according to law. Social security for residents is mainly aimed at children, the elderly, unemployed residents or freelancers with urban household registration but no work units.