Retirement differences between individuals and units paying social security.

There is a difference between companies paying social security and individuals paying social security pensions. The details are as follows: the company can receive a monthly pension after paying social security for 15 years and reaching the statutory retirement age. If it is less than 15 years, you can continue to pay fees, and you can receive a pension after 15 years; Individual contributions are paid on an annual basis, and there is no mandatory requirement, which is voluntary. In addition to individual contributions, the government will also give subsidies. The more individual contributions, the more government subsidies. Individual contributions and government subsidies are all included in the insured's personal account; Whether it is employee pension or resident pension, the higher the payment base and the longer the payment time, the more pensions will be received after retirement. The proportion of individual contributions is low, and the pension received after retirement will be lower. The social security individual payment policy is as follows: the payment base for urban individual industrial and commercial households and flexible employees to participate in the basic old-age insurance is the average salary of local employees in the previous year, and the payment ratio is 20%, of which 8% is credited to personal accounts, and the basic pension is calculated and paid according to the basic pension calculation method for enterprise employees after retirement; In terms of medical insurance, freelancers and self-employed individuals can choose to establish a pool fund instead of a personal account and pay the basic medical insurance premium at 4.2% of the local average monthly salary in the previous year; You can also choose to pay 8% of the local average monthly salary in the previous year and establish a personal account. Employees participating in medical insurance, 6% units and 2% individuals; After completing the old-age insurance procedures, pay medical insurance to the local medical insurance center with the old-age insurance procedures and related documents; Minimum payment period of endowment insurance 15 years, and minimum payment period of medical insurance is 25 years. And when you reach retirement age, you can apply for pension benefits and medical reimbursement concessions.

Legal basis: Article 4 of the Social Insurance Law of People's Republic of China (PRC) * * * Employers and individuals in People's Republic of China (PRC) pay social insurance premiums according to law, and have the right to inquire about payment records and personal rights and interests records, and ask social insurance agencies to provide social insurance consultation and other related services.