Basic pension insurance is a social security system mandated by national legislation.

Its purpose is to ensure that workers receive material assistance from the state and society after they retire in old age and to ensure their basic living needs.

It is a compulsory, public welfare, non-profit social insurance.

Social security is the abbreviation of social pooling insurance, and includes pension insurance, medical insurance, unemployment insurance, work-related injury insurance and maternity insurance.

The difference between social security and pension insurance is that pension insurance is a component of social security.

Social co-ordination refers to the unified planning of the collection, management and use of pension insurance funds within a certain scope.

Each coordinating district is responsible for the balance of the regional pension insurance fund. The balance is mainly controlled and used by the coordinating district. The gap generally needs to be filled by the government and finance at the same level.

Generally speaking, pension insurance means that an individual can receive a pension after paying for it for 15 years. The employee pension insurance paid by the employer can be collected after formal retirement. The national pension insurance purchased by an individual cannot be collected until after the age of 60.

Social insurance is a national compulsory insurance, and all units and individuals must participate.

Article 72 of the "Labor Law" "Social insurance funds determine the source of funds according to the type of insurance, and gradually implement social pooling. Employers and workers must participate in social insurance and pay social insurance premiums in accordance with the law."

It is illegal for an employer to fail to pay social insurance for workers in accordance with national regulations, and its direct consequence is to infringe on the legitimate rights and interests of workers.

Differences: First, the basic attributes are different: the former is administratively compulsory social security and is of a social welfare nature; the latter is the business activity of financial enterprises, and the insurance is purchased by voluntary insurance institutions for profit-making purposes. There is a relationship between it and the insured.

Equivalent exchange relationship; second, the objects and functions are different: the objects of the former are social workers and their families, so that they can receive basic living security when they are born, old, sick, disabled, injured and unemployed; the latter is based on anyone’s

Life, body, and property are the objects, different stages of life, different parts of the body and different accidents that may occur to property are insured, in order to obtain certain economic compensation when the event occurs; third, the reciprocal relationship between rights and obligations is different: the former insurance

Funds mainly come from the accumulation of labor results when workers work. Workers perform social labor, contribute to society, and pay a small amount of social insurance premiums, and gain the right to enjoy social insurance benefits, thereby establishing a relationship between rights and obligations;

The latter's insurance premiums come from personal income (including property income), and the amount received depends on the amount of insurance. Rights and obligations are equal in monetary terms; fourth, the scope of legislation is different: the former belongs to the category of social legislation; the latter belongs to the economic

Legislative scope; fifth, management systems are different.

The former belongs to the administrative leadership system; the latter belongs to the fiscal and financial system.