The Relationship between Social Security and Pension

Insurance Bian Xiao helps you answer, and more questions can be answered online.

The amount of social security pension is related to the local social wage, payment period and payment amount in the previous year, that is, the higher the social wage level, the longer the payment period and the larger the payment amount, the more pensions will be received.

The payment base of each province is generally different. Taking Tianjin as an example, the contribution rate of endowment insurance is 28%, of which the unit pays 20% and the individual pays 8%. This ratio is the same for everyone, whether you are in a state-owned enterprise, a foreign enterprise or a joint venture, it is the same in every enterprise. However, different enterprises and different employees have different payment bases, which is directly related to the salary and income level of employees themselves. Generally speaking, the higher the wage income level, the higher the payment base.

The base of insurance payment for employees in regular enterprises is generally determined according to the social minimum wage standard, which is paid jointly by enterprises and employees. Personal economic burden is relatively small; The social security that freelancers have to pay generally has three grades: high, medium and low, so they need to choose the one that suits them according to their own economic conditions. But it needs to be clear that the more you give, the more you will get after retirement.

The insurance paid by enterprise employees includes five insurances: pension, medical care, work injury, unemployment and maternity, while freelancers can only pay pension and medical insurance, so the cost of medical reimbursement is low.