What is the difference between individuals and enterprises paying endowment insurance?

The difference between individuals and enterprises paying endowment insurance is as follows:

1, different in nature: companies are forced to pay social security. If there is a legal labor relationship, but the company fails to pay social security for urban workers as required, it is illegal. However, if flexible employees pay social security by themselves, it is not mandatory, and the insured can voluntarily choose whether to pay social security;

2. Different types of insurance: the social security for urban employees paid by the unit includes five types of insurance: endowment insurance, medical insurance, work injury insurance, maternity insurance and unemployment insurance; However, as flexible employees to pay social security for urban workers, they can usually only pay two types of insurance: employee pension insurance and employee medical insurance, and a few areas can also pay unemployment insurance;

3. The payment base is different: the unit pays social security, and the payment base is calculated according to the average salary of employees in the previous year. However, if you pay social security as a flexible employee, you can choose the payment base that suits you according to your actual situation. The payment base usually ranges from 60% to 300% of the local average salary in the previous year;

4. The individual contribution ratio is different: whether it is employee pension insurance or medical insurance, the individual contribution ratio of flexible employees is relatively high. Take the employee pension insurance as an example, the unit pays social security, and the contribution ratio of the employee pension insurance unit is 16% of the payment base, and the individual contribution ratio of the employee is 8%, which means that the unit will bear most of the expenses, and the individual employee only needs to bear a small part; Flexible employees pay their own social security and need to bear all the expenses themselves. The contribution rate of employee pension insurance is usually 20%, and the contribution rate will be slightly higher in some areas, of which 12% will enter the pension insurance pooling account and 8% will enter the personal account;

5. The retirement age of old-age insurance may be different: according to the current regulations, units pay social security, men retire at 60, female workers retire at 50, and female cadres retire at 55; Self-paid social security, flexible employment men retire at the age of 60, flexible employment women retire at the age of 55, some cases allow flexible employment women to retire at the age of 50, and a few regions uniformly stipulate that flexible employment women retire at the age of 50, which is subject to local policies. Pay the employee's old-age insurance by yourself, and the calculation method of pension is the same as that of enterprise employees, so pay social security as long as possible if conditions permit.

The ways for individuals to pay endowment insurance are as follows:

1, pay the residents' old-age insurance uniformly in the streets or village committees;

2. Go to the Social Security Bureau to pay endowment insurance for flexible employees;

3, to participate in the work or find a unit to collect and remit the old-age insurance premiums for employees.

To sum up, the endowment insurance premium paid by the unit is jointly paid by the unit and the individual. The contribution rate of the unit is much higher than that of the individual. The unit only pays back the principal, and the rate will be much higher. Only 40% of them are included in personal accounts and 60% are included in social security accounts. Compared with individual pension insurance, the unit pays a lot of pension expenses, because most of them are paid by the unit and the individual's share is very low.

Legal basis:

Article 23 of People's Republic of China (PRC) Social Insurance Law

Employees should participate in the basic medical insurance for employees, and employers and employees should pay the basic medical insurance premiums in accordance with state regulations.

Individual industrial and commercial households without employees, part-time employees who have not participated in the basic medical insurance for employees and other flexible employees can participate in the basic medical insurance for employees, and individuals pay the basic medical insurance premium in accordance with state regulations.

Article 27

Individuals who participate in the basic medical insurance for employees will not pay the basic medical insurance premium after retirement and enjoy the basic medical insurance benefits in accordance with the provisions of the state if they reach the statutory retirement age and the accumulated payment has reached the fixed number of years stipulated by the state; Those who have not reached the fixed number of years prescribed by the state may pay the fees to the fixed number of years prescribed by the state.