What is the difference between provincial and municipal social security?

Legal analysis: First, the division of labor is different. Provincial social insurance institutions generally handle the social insurance business of provincial employers, state-owned employers in this province and their employees. Municipal social insurance agencies mainly handle the social insurance business of municipal employers and their employees. With different payment bases, provincial social insurance institutions generally take the provincial administrative region as the overall planning area, while municipal insurance institutions generally take the municipal administrative region as the overall planning area. Their average economic development level is different from the average wage level of employees, which leads to different social insurance payment bases. Social insurance benefits are different.

Legal basis: The basic pension in the second paragraph of Article 15 of the Social Insurance Law of People's Republic of China (PRC) is determined according to factors such as individual cumulative payment years, payment wages, average salary of local employees, personal account amount, average life expectancy of urban population, etc.