Employee pension insurance refers to the pension insurance paid by office workers, which is usually withheld by enterprises and units, and then handed over to the social security department by the financial department. Individual contribution rate is 8%, and unit contribution rate is 13%.
The second category: endowment insurance for urban residents.
The old-age insurance paid by freelancers or unemployed people is paid in different levels, and the payer can freely choose the level to pay. Because there is no unit payment for individual insurance, individual pension insurance is relatively deficient.
The basic old-age insurance is a social insurance system established and implemented by the state according to laws and regulations. Under this system, employers and workers must pay endowment insurance premiums according to law. After workers reach the retirement age stipulated by the state or quit their jobs for other reasons, social insurance agencies shall pay them pensions and other benefits according to law to ensure their basic livelihood.
Basic old-age insurance, unemployment insurance, basic medical insurance, industrial injury insurance, maternity insurance, etc. * * * together constitute the modern social insurance system, and it is one of the most important types of insurance in the social insurance system.
During the "Thirteenth Five-Year Plan" period, China has built the largest social security system in the world, and the basic old-age insurance covers nearly 1 100 million people.
The basic old-age insurance, also known as the national basic old-age insurance, is a compulsory old-age insurance system to protect the basic needs of retirees according to the unified national policies and regulations.
In China, before 1990s, employees in enterprises implemented a single pension insurance system. 199 1 "the State Council's decision on the reform of the old-age insurance system for enterprise employees" clearly stated: "With the development of economy, a system combining basic old-age insurance with enterprise supplementary old-age insurance and employee personal savings old-age insurance will be gradually established".
Since then, China has gradually established a multi-level pension insurance system. In this multi-level old-age insurance system, the basic old-age insurance is the first and highest level.
The basic old-age insurance system combining social pooling with individual accounts is a new basic old-age insurance system initiated by China in the world. This system adopts the traditional basic endowment insurance fund raising mode, that is, the state, units and individuals share the burden; The basic old-age insurance fund implements social mutual aid; In the calculation and payment of basic pension, the structural calculation and payment method is adopted, emphasizing the incentive factors and labor contribution differences of personal account pension.
Therefore, the system not only absorbs the advantages of the traditional pension insurance system, but also draws lessons from the advantages of the personal account model; It not only embodies the characteristics of social mutual assistance, risk dispersion and strong security in the traditional sense, but also emphasizes the self-protection consciousness and incentive mechanism of employees.