Employee pension insurance is definitely better than personal pension insurance, because individuals only need to pay pension insurance premiums based on the base, while units pay pension insurance premiums based on the average salary base of the province's active employees in the previous year, and the basic pension after retirement is provided by the overall pension plan

It consists of pension and personal account pension.

Personal pensions are determined based on the individual’s cumulative contribution years, contribution salary, average salary of local employees, personal account amount, average life expectancy of the urban population and other factors.

The unit also provides seniority wages.

The difference between personal pension insurance and enterprise pension insurance lies in the proportion of contributions and the main body of payment.

The details are as follows: All the pension insurance fees paid by the insured persons (whether in the name of the individual or the name of the unit) are divided into two accounts; 1. Overall fund 2. Personal account Due to regional differences and other reasons, the amount paid by each province

The proportions are different. For our province, the monthly payment base is (the average salary in Shanghai in 2013 is 1,620 yuan) to give an example.