Job Recruitment Website - Social security inquiry - Is social security a pension?
Is social security a pension?
Legal analysis: retirement salary is not social security. Retirement pension: It is a monthly or lump-sum insurance benefit paid by the state in monetary form according to the provisions of the social insurance system, after the workers are old or lose their ability to work, according to their contribution to society and their qualifications for enjoying old-age insurance or retirement conditions. It is mainly used to protect the basic living needs of employees after retirement.
Legal basis: Article 15 of the Social Insurance Law of People's Republic of China (PRC) plans the pension as a whole, and it is calculated and paid according to the basic pension calculation and payment method stipulated by the State Council.
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