Individuals pay social security and units to pay, what is the difference between the retirement pension?

There are three differences between the two, as follows: First, the nature of the payment is different: the unit to pay the pension insurance is mandatory, as long as the unit works, the unit will have to pay, otherwise it will be penalized. Individuals pay pension insurance is voluntary. If you feel that social security is more important, you can pay the monthly fee, you can pay yourself, or you can choose not to pay. Second, the eligibility is different: the unit to pay the pension insurance is premised on the fact that you have a regular job and a unit, but there is no limit to the account. It can be given to the social security officer, whether local or not. Individual contribution pension insurance does not require a job, but it is usually a local account. Thirdly, the difference in terms of who pays and the rate of payment of the unit contributes to the pension insurance premiums, which are paid by both the unit and the individual **** together. This rate of contribution by the unit is much higher than that of the individual. However, the rate will be much higher when the unit pays only its own principal. Most importantly, only 40% of this is included in the individual account, while 60% is included in the social security account. In the absence of a perfect death, only the money in the individual account would be inherited. Comparing the unit's pension with the individual's pension shows that the unit pays a lot of the pension costs. Because the unit pays most of it, the individual's share is very low.