The difference between collective social security and individual social security

The differences between company social security and individual social security include: 1, and the payment ratio is different. The company pays social security according to the average social salary of employees in the previous year, and the part paid by individuals accounts for10% of the general salary; 2. The insurance coverage is different. The social security paid by the company includes endowment insurance, medical insurance, unemployment insurance, maternity insurance and work-related injury insurance. Individuals can only pay basic medical insurance and endowment insurance. 3. Mandatory is different. It is a legal obligation for companies to pay social security, and individuals are voluntary. Social security refers to social insurance, which is a non-profit social security system that the state forces most members of society to participate in with the function of income redistribution in order to prevent and share social risks such as old age, unemployment, illness and death and realize social security.

Legal objectivity:

"Social Insurance Law" Article 64 Social insurance funds include basic old-age insurance funds, basic medical insurance funds, industrial injury insurance funds, unemployment insurance funds and maternity insurance funds. In addition to the basic medical insurance fund and maternity insurance fund combined accounting, other social insurance funds are accounted for separately according to social insurance types. Social insurance funds implement a unified accounting system throughout the country. The social insurance fund is earmarked for special purposes, and no organization or individual may occupy or misappropriate it. The basic old-age insurance fund will gradually implement national overall planning, and other social insurance funds will gradually implement provincial overall planning. The specific time and steps shall be stipulated by the State Council.