Social security pension comparison in different places?

There are differences in social security pensions in different places. Generally speaking, developed countries have higher social security pensions, such as European countries and North American countries; Pensions in developing countries are relatively low. In addition, different countries and regions have different social security systems, including payment base, payment period and calculation formula. So the pension level will be different.

Social security pensions vary significantly from place to place. The social security system in developed countries is relatively perfect and the pension level is relatively high. For example, European countries generally implement the intergenerational distribution system, that is, the contributions of on-the-job personnel are used to pay the pensions of on-the-job retirees, so the pension level is relatively high. North American countries generally adopt the accumulation system, that is, individuals pay pensions during work and provide pension income through investment appreciation. In contrast, the pension level in developing countries is relatively low. This is mainly due to the imperfect level of economic development and social security system. In some developing countries such as China, the old-age insurance system has just started, and the pension level is relatively low. In addition, different social security systems in different countries and regions, including payment base, payment period, calculation formula, etc., also lead to differences in pension levels.

Besides social security, are there other forms of old-age security? Yes, there are other forms of old-age security besides social security. For example, some countries and regions implement enterprise annuity system, that is, enterprises provide additional old-age security for employees; Other countries encourage individuals to voluntarily participate in private pension plans; In addition, some developed countries also provide old-age security in the form of welfare subsidies and medical insurance.

There are differences in social security pensions in different places. Pensions in developed countries are relatively high, while those in developing countries are relatively low. This is mainly due to the level of economic development, the construction of social security system and the different social security systems in different countries and regions. In addition to social security, there are other forms of old-age security to choose from.

Legal basis:

People's Republic of China (PRC) Social Insurance Law Article 4 Employers and individuals in People's Republic of China (PRC) pay social insurance premiums according to law, and have the right to inquire about payment records and personal rights and interests records, and require 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.