What you should know about the difference between personal social security and company social security
Some friends often think that there is no difference between personal social security and company social security. When they reach the legal retirement age, they both retire and enjoy the same pension benefits. In fact, this is only a one-sided understanding. There are still differences between these two ways of paying social security. , there are three main differences:
- The payment rates are different.
Taking the overall planning area where the author is located as an example, according to the "Regulations on the Administration of Declaration and Payment of Social Insurance Premiums", the social security agency determines the lower and upper limit of the monthly payment base, and the enterprise declares the payment base by itself, and then the total payment rate of the five social insurances is 39.5 %, of which 29% for enterprises and 10.5% for individuals. Among them, the enterprise pays at the rate of 19% for endowment insurance, 8% for medical insurance, 1% for work-related injury insurance, 0.5% for unemployment insurance, and 0.5% for maternity insurance. Personal contributions are paid at the rate of 8% for endowment insurance, 2% for medical insurance, and 0.5% for unemployment insurance. If the monthly payment base is 4000 yuan, the enterprise should pay 400029%=1160 yuan per month, and the individual should pay 400010.5%=420 yuan per month.
The individual payment generally only pays endowment insurance and medical insurance. Endowment insurance is based on 60%-300% of the average salary of the province and city in the previous year to determine the payment base. The payment rate is 20%, of which 12% goes into the overall account and 8% goes into Personal account; medical insurance is based on 100% of the average salary of the province and city in the previous year, and the base is paid at the rate of 6%. Incumbents do not have personal accounts. If the average salary in the previous year is 4,000 yuan, and the minimum base is 60%, the individual should pay 4,000*60%20%=480 yuan of endowment insurance premiums per month, of which 288 yuan goes into the overall account and 192 yuan goes into the personal account; Insurance premium 40006%=240 yuan. A total of 720 yuan is paid by individuals.
Second, enjoy different treatment.
The social insurance paid by the enterprise is pension insurance, medical insurance, work-related injury insurance, unemployment insurance, and maternity insurance. Enterprise employees can enjoy these five insurance benefits according to regulations. The individual pays social insurance and only pays endowment insurance and medical insurance. Therefore, individual insured persons do not enjoy work-related injury insurance, unemployment insurance and maternity insurance.
In the overall planning area where the author is located, the reimbursement ratio of medical insurance benefits is the same in hospitals and individuals at the same level. However, employees who pay social insurance according to the enterprise, the medical insurance also enjoys the treatment that part of the expenses are transferred to the personal account. The details are as follows: 3.2% of the personal payment base under the age of 35 is credited to the personal account (social security card, which can be used to buy medicine at designated pharmacies and hospitalization); 36-49 years old is credited to the individual at 3.5% of the personal payment base Accounts; those over 50 years old are credited to personal accounts at 3.8%. Calculated based on the payment base of 4,000 yuan, the monthly credit to the personal account of insured employees under the age of 35 is 4,000*3.2%=128 yuan, and the annual credit is 1,536 yuan, which is also a benefit for employees who pay social security in the company.
- Women's retirement age is different.
According to the current national employee retirement policy, the retirement age of female employees of enterprises is 50 years old, but according to women who pay social insurance individually, the retirement age is 55 years old.