What's the difference between the ninth grade of endowment insurance?

The difference is that the higher the payment, the more pensions you receive after retirement.

The payment of the basic old-age insurance premium for self-employed households is divided into nine grades. According to their own financial affordability, the insured can use any one of the nine grades, such as 60%, 70%, 80%, 90%, 100%, 150%, 200% and 300%, as the base of payment.

Extended data:

Social endowment insurance is a social insurance system established by China government to solve the basic life of workers after they reach the working age limit stipulated by the state and terminate their labor obligations, or after they quit their jobs because of old age.

Endowment insurance is an important part of social security system and one of the five most important social insurances. Old-age insurance will take effect automatically after the elderly within the legal scope "completely" or "basically" withdraw from social labor life. The so-called "complete" is characterized by the separation of workers from the means of production; The so-called "basic" means that participation in production activities has not become the main content of social life. The legal age limit is a practical measure.

At the same time, the insured can only meet the following two conditions: (1) meeting the retirement conditions stipulated by the state and handling relevant procedures; According to the provisions of the basic old-age insurance premium accumulated payment period of 15, approved by the administrative department of labor and social security, can receive a monthly basic pension and funeral subsidies.

The basic old-age insurance premium is paid jointly by the enterprise and the insured according to different payment ratios. Take Beijing's pension insurance payment ratio as an example: enterprises pay 20% of their total payment base every month, and employees pay 8% of their wages. Among them, individual industrial and commercial households and urban flexible employees pay the basic old-age insurance premium at the rate of 20% of the average monthly salary of employees in the previous year, of which 8% is included in personal accounts.

Main features:

First, national legislation is mandatory, and all enterprises, units and individuals must participate. Those who meet the conditions for receiving a pension can go to the social insurance department to receive a pension.

Second, the source of endowment insurance expenses is generally shared by the state, units and individuals, or by units and individuals to achieve extensive social mutual assistance.

Third, the old-age insurance is social, with great influence, large number of people enjoying it for a long time and huge cost.