Pension Insurance Difference Between Social Security Card and Pension Insurance

Now go to work in many companies will help employees pay social security, social security is a kind of company benefits, many people themselves will pay social security, and the company will help to pay a part of the pension insurance is the old will take the insurance premiums, social security card and the difference between the pension insurance, I organized the "social security card and the difference between the pension insurance," the content of the answer to your questions! The first thing you need to do is to get your hands dirty.

What is social insurance

Social insurance is referred to as social security, is the state in order to prevent and compel the majority of members of the community to participate in the function of income redistribution of non-profit social security system, which is organized by the government, the workers and employers **** with the same commitment. At present, the main items of social insurance in China include pension insurance, medical insurance, unemployment insurance, maternity insurance and industrial injury insurance. Different types of insurance cover different content, for example, medical insurance is to protect the participants to obtain basic medical services.

What is pension insurance

Pension insurance is a system established by the government in accordance with the law to protect the basic livelihood of workers in old age after the loss of the ability to work and exit from the labor force, is an important part of the social security system, China's pension insurance system consists of three parts: First, the conditions for enjoyment, including the age conditions, conditions for the length of service (years of contributions or deemed years of contribution), and whether or not the total loss of the ability to work. The second is the retirement, retirement, retirement treatment standards, mainly for different conditions of retirement, and different levels of protection; the third is the financing of retirement pensions, fund management and supervision and inspection systems.

Basic role

Pension insurance is to the elderly life security as an indicator, through the redistribution means or savings to establish an insurance fund to pay for the living expenses of the elderly. Its implementation has the following effects:

1. Favorable to ensure the reproduction of labor force

Through the establishment of the pension insurance system, it is conducive to the normal intergenerational turnover of the labor force, the retirement of the elderly, the new growth of the labor force to ensure the smooth employment of the employment structure of the rationalization.

2, conducive to social security and stability

Pension insurance for the elderly to provide a basic livelihood security, so that the elderly have a sense of security in old age. With the arrival of population aging, the proportion of the elderly population is getting bigger and bigger, the number of people is also getting bigger and bigger, pension insurance protects the basic life of the elderly workers, which is equal to the protection of a considerable part of the population of the society's basic life. For employed workers, participation in pension insurance, means that the future life after old age is expected, free from worries, from the social mentality, people more stable, less impatient, which is conducive to social stability.

3, conducive to promoting the development of the economy

countries to design the pension insurance system will be more fair and efficiency linked, in particular, part of the accumulation and full accumulation of the pension mobilization model. The amount of pension received by workers after retirement is directly related to their wages and contributions during their working life, which can undoubtedly produce a kind of incentive for workers to work actively during their working life and improve efficiency.

In addition, due to the wide range of pension insurance, the number of participants, its operation can raise a large amount of pension insurance, can provide a huge source of capital for the capital market, especially the implementation of the fund system of pension insurance model, the accumulation of funds in the individual account to decades of calculation, so that the scale of the pension insurance fund is much larger, to provide more funds for the market, by the scale of the funds of the operation and utilization. Favorable to the state's macro-control of the national economy.

What is the difference between social security and pension insurance

First, the two concepts are different. Pension insurance refers to the state and society in accordance with laws and regulations, in order to solve the problem of workers in the state provisions of the discharge of labor obligations of the labor age limit, or because of the loss of the ability to work in old age to withdraw from the workplace after the basic life of a social insurance. Social security is the abbreviation of social insurance, which refers to the five types of insurance: pension insurance, medical insurance, maternity insurance, unemployment insurance, and industrial injury insurance.

Second, the content of the two is different. Social insurance includes pension insurance, but not limited to pension insurance, pension insurance is only one of the five types of social insurance. Usually we buy social insurance will include pension insurance, but buy a single pension insurance does not include health insurance and so on.

Third, the two purposes are different. The main purpose of the purchase of pension insurance is to protect the basic life after old age. The purchase of social security, not only to protect the basic life after old age, but also to protect the basic medical services, to ensure that the period of unemployment, the basic life of the workplace injury, and so on.