Are basic old-age insurance and supplementary old-age insurance the same thing?

Legal analysis: (1) is different in nature.

The basic old-age insurance is a kind of social insurance, and the employer must pay the basic old-age insurance premium to the employees, which is mandatory; Supplementary endowment insurance is neither social insurance nor commercial insurance, and it is not mandatory and profitable;

Endowment insurance is the basic social security, and the management of deposits and funds is interfered by the government and the state. Enterprise supplementary endowment insurance is an enterprise welfare system, an important part of enterprise human resource strategy and an important part of endowment insurance social security system, which forms a complete endowment insurance system with endowment insurance and personal savings;

(2) Depositors

Endowment insurance is jointly paid by the state, units and individuals, and the amount paid by individuals is very small, but the ultimate ownership belongs to individuals; Supplementary old-age insurance is only paid by enterprises, and employees do not need to pay any fees, while employees enjoy all personal rights.

(3) Source of payment

The deposit fee of endowment insurance is deducted from the basic salary paid by employees; The cost of supplementary endowment insurance is mainly the enterprise's own funds, rewards and welfare funds, and basically does not enjoy preferential policies;

Different insurance destinations

Basic old-age insurance is basically a reliable fund, national debt or other investment invested by the government. After entering 20 17, endowment insurance is most likely to enter the stock market; As a fund, supplementary endowment insurance can only exist in banks and purchase government bonds, and cannot enter market-oriented investment.

(5) The deposit ratio is different.

The contribution ratio of endowment insurance is generally 8% ~10% of employees' wages; The payment level of supplementary endowment insurance is within 5%~8%.

(6) Different payment methods

Pension insurance payment is based on individual account accumulation, and pension is paid by individual account fund. The monthly payment standard is the deposit in my account divided by 120, which is the payment amount. Personal account funds paid out, the monthly pension insurance paid by the social pooling fund; Supplementary old-age insurance adopts the cumulative personal account model, and the payment method is determined according to the age of employees and the payment situation.

Legal basis: People's Republic of China (PRC) Social Insurance Law.

Article 1 This Law is formulated in accordance with the Constitution for the purpose of adjusting the social insurance relationship, safeguarding citizens' legitimate rights and interests in participating in social insurance and enjoying social insurance benefits, enabling citizens to share the fruits of development and promoting social harmony and stability.

Article 2 The state establishes social insurance systems such as basic old-age insurance, basic medical insurance, industrial injury insurance, unemployment insurance and maternity insurance, so as to guarantee citizens' right to receive material assistance from the state and society in accordance with the law in case of old age, illness, industrial injury, unemployment and maternity.

Article 3 The social insurance system adheres to the principles of wide coverage, basic protection, multi-level and sustainability, and the level of social insurance should be compatible with the level of economic and social development.

Article 4 Employers and individuals in People's Republic of China (PRC) shall 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. Individuals enjoy social insurance benefits according to law and have the right to supervise the payment of their own units.

Seventy-second social insurance agencies should be established in the overall planning area. According to the needs of the work, with the approval of the local social insurance administrative department and the organization management organ, the social insurance agency may set up branches and service outlets in this overall planning area.

Article 73 Social insurance agencies shall establish and improve business, financial, safety and risk management systems. Social insurance agencies shall pay social insurance benefits in full and on time.

Seventy-fourth social insurance agencies through business handling, statistics, investigation and other means to obtain the data needed for social insurance work, the relevant units and individuals should provide timely and truthful.