What's the difference between teachers' retirement salary and pension?

Legal analysis: Teachers' pension, also known as teachers' pension, cannot be received at the same time as the general social security pension. Teachers and staff in other positions can only receive one pension after retirement, and they cannot pay two social security contributions at the same time before retirement. Pension and retirement pension are two different concepts, and the subjects of issuing funds are different. Pensions are provided to you by units or individuals, while pensions are provided by the state.

Retirement pension: It is the monthly or lump-sum insurance benefits paid by the state in the form of money according to the social insurance system according to the contribution to society and the qualifications or retirement conditions of workers after they are old or lose their ability to work, and it is mainly used to protect the basic living needs of employees after retirement. Endowment insurance: a social insurance system established by the state and society according to certain laws and regulations to solve the basic life of workers after they reach the working age limit stipulated by the state and terminate their labor obligations or quit their jobs because of old age.

Pension and endowment insurance are not only defined differently, but the biggest difference is the payment method. Pension: no payment is required, but it must be a staff member. Endowment insurance: part of the social security to be paid every month is endowment insurance, which is generally withheld and remitted by the insured's unit, part of which is handed over to the state and part of which is deposited in personal accounts. The payment standard of social endowment insurance often follows a unified payment standard.

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

Tenth employees should participate in the basic old-age insurance, and employers and employees should pay the basic old-age insurance premium.

Individual industrial and commercial households without employees, part-time employees who have not participated in the basic old-age insurance in the employer and other flexible employees can participate in the basic old-age insurance, and individuals pay the basic old-age insurance premium.

The measures for the endowment insurance of civil servants and staff managed by reference to the Civil Service Law shall be formulated by the State Council.

Eleventh basic old-age insurance to implement the combination of social pooling and individual accounts.

The basic old-age insurance fund consists of employers, individual contributions and government subsidies.

Article 12 The employing unit shall pay the basic old-age insurance premium according to the proportion of the total wages of employees stipulated by the state and record it in the basic old-age insurance pooling fund.

Employees shall pay the basic old-age insurance premium in accordance with the proportion of wages stipulated by the state and record it in their personal accounts.

Individual industrial and commercial households without employees, part-time employees who have not participated in the basic old-age insurance in the employing unit and other flexible employees who have participated in the basic old-age insurance shall pay the basic old-age insurance premiums in accordance with state regulations and record them in the basic old-age insurance pooling fund and individual accounts respectively.

Fifteenth basic pension consists of overall pension and individual account pension.

The basic pension is determined according to factors such as individual cumulative payment years, payment wages, average salary of local employees, personal account amount, average life expectancy of urban population, etc.

Sixteenth individuals who participate in the basic old-age insurance will receive the basic old-age pension on a monthly basis if they have accumulated contributions for fifteen years when they reach the statutory retirement age.

Individuals who participate in the basic old-age insurance can pay less than 15 years when they reach the statutory retirement age. You can receive the basic pension on a monthly basis and transfer it to the new rural social endowment insurance or urban residents' social endowment insurance, and enjoy the corresponding pension insurance benefits according to the regulations of the State Council.