What's the difference between personal social security and company social security?

What's the difference between personal social security and company social security?

Five differences between personal social security and company social security.

1. Need to pay different kinds of insurance.

company

The insurance paid by the company for us includes five insurances and one gold: old-age insurance, unemployment insurance, medical insurance, work injury insurance, maternity insurance and housing accumulation fund.

individual

As individuals, we pay social insurance, and only need to pay the expenses of endowment insurance and medical insurance.

2. Different payment frequencies

company

The company pays social security: the old-age insurance is paid monthly.

individual

Personal social security: Most cities pay endowment insurance every year.

3. Different interest rates

Endowment insurance premium: the unit pays 20% and the individual pays 8%.

Unemployment insurance premium: the unit pays 2%, and the individual pays 1%.

Medical insurance premium: the unit pays 8%, and the individual pays 2%+3 yuan (medical insurance for serious illness).

Maximum difference

Industrial injury insurance and maternity insurance do not need to be paid by individuals, but are all paid by enterprises. If it is an individual, it needs to be paid in full.

Note: Total payment of five insurances and one fund = social security payment base × (pension insurance payment ratio+medical insurance payment ratio+unemployment insurance payment ratio+provident fund payment ratio)+medical insurance for serious illness in 3 yuan.

Among them, pension, medical care and unemployment are all paid by individuals and enterprises according to a certain proportion (the proportion of social security contributions varies slightly from place to place). Generally speaking, enterprises account for a relatively large proportion.

4. Different insurance years

company

Generally, female cadres are 55 years old, female employees are 50 years old, and male insured people can no longer pay social security when they are 60 years old.

individual

All female insured persons can no longer pay social insurance before the age of 55. The retirement age of male insured persons is the same, and they are all 60 years old at present.

5. Endowment insurance is different.

company

The employees of the enterprise have reached the national legal retirement age, and the accumulated payment period is 65,438+05, and they can receive a monthly pension. If the accumulated payment period is less than 15, you can apply for delayed retirement or one-time payment of 15, and then receive a monthly pension.

individual

Personal pension insurance, due to illness or non-work-related death, their relatives can receive funeral grants and pensions; Persons who have completely lost their ability to work due to illness or non-work-related disability before reaching the statutory retirement age can receive disability allowance.

Generally speaking, it is more cost-effective for companies to pay social security than for individuals. Because individuals pay social security, they have to bear much more expenses.