1. What types of pension insurance are there? There are two main categories of pension insurance: basic pension insurance and urban and rural residents’ pension insurance.

1. Basic pension insurance, also called basic pension insurance for urban employees, is the pension insurance in the eyes of ordinary people.

Employees of enterprises, personnel of government agencies and institutions, and people with flexible employment participate in this kind of insurance.

The payment base shall be calculated based on the monthly average of the employee's total income in the previous year, and the payment proportion shall be determined locally based on the income and expenditure of the insurance fund.

Enterprise employees generally have to pay five insurances together.

Generally speaking, if you simply calculate the pension insurance, you need to pay eight to nine thousand yuan every year.

The individual employee contribution ratio is 8% of the payment base.

That is to say, all the money paid by employees goes into their personal accounts, so employees will not suffer any loss.

However, flexible employment personnel have to bear all the expenses themselves. If they pay according to the 20% payment ratio, only 8% will enter the personal account, which means 40%.

2. Pension insurance for urban and rural residents.

It is a welfare insurance designed to take care of people who do not have the ability and conditions to participate in employee pension insurance.

It is mainly targeted at farmers and urban unemployed people.

The amount of pension insurance premiums is determined directly based on the local economic and social development.

The initially given payment levels are 12 levels from 100 yuan to 2,000 yuan per year.

The payment range in Henan Province in 2018 is from 200 yuan to 5,000 yuan, in Qingdao City it is from 100 yuan to 5,000 yuan, and in Beijing city it is from 1,000 yuan to 9,000 yuan.

The amount of payment for urban and rural residents’ pension insurance is also all put into the personal account. In the event of the death of the insured person, the personal account can be inherited, but it is limited to the amount of money paid by the employee himself and the interest generated.

2. What are the sources of social security funds? The sources of social insurance funds in my country can be roughly divided into four aspects: 1. Insurance premiums paid by the insured according to a certain percentage of their salary income (if the salary income cannot be determined, the average salary of employees); 2. Insurance premiums paid by the unit where the insured person works based on a certain percentage of the total wages of employees of the unit; 3. Subsidies from social insurance funds; 4. Bank interest or investment returns from social insurance funds and social donations, etc.