Is the retirement salary of flexible employees the same as that of enterprise employees?

Flexible employment is the same as enterprise retirement salary.

Due to the different payment ratio, the pension of flexible employees is different from the retirement salary of enterprises. Because the proportion or amount of payment of flexible employees is usually lower than that of enterprise employees, the personal account pension of flexible employees will be lower than that of enterprise employees. Although the difference is not necessarily obvious, the retirement pension of enterprise employees is usually higher than that of flexible employees.

The social security rate paid by flexible employees is relatively low, while the social security payment standard for employees is relatively high. Moreover, the social security payment period of flexible employees is generally short. Therefore, the pension and other benefits that flexible employees can enjoy after retirement are relatively low. In addition, employees can also enjoy supplementary benefits such as enterprise annuity after retirement, while flexible employees do not have such additional benefits.

Definition of flexible employees:

Flexible employees refer to those who have no fixed work units and are freelancers, collectively referred to as flexible employees. Flexible employment is a general term for various forms of employment based on the industrial and commercial system and modern enterprise system, which are different from the traditional mainstream employment methods in working hours, income and remuneration, workplace, insurance and welfare, labor relations and so on.

As flexible employees, they can participate in their own employee pension insurance and employee medical insurance in the form of flexible employment. Because they have not signed the corresponding full-time labor contract with the fixed work unit, they can only participate in social security benefits independently in the form of flexible employment.

To sum up, because the social security of flexible employment is the same as the social security enjoyed by employees after retirement, it is favored by many people without work units. However, for those who have no income and less savings, if they pay social security for flexible employment for a long time, the pressure will be greater and the quality of life will be affected.

Legal basis:

Article 11 of the Social Insurance Law of People's Republic of China (PRC)

The basic old-age insurance combines social pooling with individual accounts. The basic old-age insurance fund consists of employers, individual contributions and government subsidies.

Fifty-fourth "People's Republic of China (PRC) Rural Revitalization Promotion Law"

The state improves the social security system of urban and rural planning, establishes and improves the security mechanism, and supports rural areas to improve the level of social security management services; Establish and improve the mechanism for determining the basic old-age insurance benefits for urban and rural residents and the normal adjustment of basic pension standards to ensure that the basic old-age insurance benefits for urban and rural residents are gradually improved with economic and social development. The state supports farmers to participate in the basic old-age insurance and basic medical insurance for urban and rural residents in accordance with regulations, and encourages qualified flexible employees and agricultural industrialization employees to participate in social insurance such as basic old-age insurance and basic medical insurance for employees. The state promotes the coordinated development of the urban and rural minimum living security system, improves the level of social assistance such as poverty alleviation in rural areas, strengthens care services for rural left-behind children, women and the elderly, the disabled and children in distress, and supports the development of inclusive old-age care services and mutual assistance for the elderly in rural areas.