Is rural endowment insurance the same as social security?

Agricultural insurance and social security belong to two different types of national social security systems, and the main difference lies in the different target groups. Agricultural insurance is mainly aimed at farmers, with less payment and less pension when they retire; Social security is mainly aimed at urban workers, paying more and receiving more pensions when they retire. The main differences between social endowment insurance and rural endowment insurance are as follows:

First, the objects of protection are different. The basic old-age insurance for urban workers (social security) is mainly for urban enterprises and their employees, urban flexible employees and individual industrial and commercial households (including rural hukou personnel); Social endowment insurance for urban and rural residents (urban residents and new rural social endowment insurance are combined) is for urban and rural residents who are 16 years of age or older (excluding school students) and have not participated in other social endowment insurance.

Second, the payment standards are different. The basic old-age insurance for urban workers (social security) is paid according to a certain proportion and base of the average salary of employees in this city last year, and the payment is relatively high; According to the national regulations, the individual payment standard of urban and rural residents' endowment insurance is currently set at 100 yuan to 1000 yuan and 10 grade every year. Voluntary choice of payment grade, lower payment.

Third, the financing structure is different. The main fundraiser of the basic old-age insurance for urban workers (social security) is the employer. Although individuals have to pay fees, the main part is paid by employers. The government is the main payer of social endowment insurance for urban and rural residents. The government gives basic pensions to the elderly and subsidies to the middle-aged people.

Fourth, the treatment standards are different. The basic old-age insurance for urban workers (social security) is paid in accordance with the relevant provisions of the old-age insurance policy, and the treatment standard is high; However, the level of old-age insurance for urban and rural residents is low, and the pension benefits are composed of basic pension and personal account pension.

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

1, social insurance includes endowment insurance, but is not limited to endowment insurance;

2. Endowment insurance is only one of the five social insurances.

Buying social security can not only guarantee the basic life after old age, but also guarantee the basic medical service and the basic life during unemployment and work injury.

The main purpose of purchasing endowment insurance is to ensure the basic life after old age.

legal ground

People's Republic of China (PRC) social insurance law

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The state establishes social insurance systems such as basic old-age insurance, basic medical insurance, industrial injury insurance, unemployment insurance and maternity insurance, so as to guarantee citizens' right to get material help from the state and society in accordance with the law when they are old, sick, injured, unemployed and have children.