1. Basic old-age insurance for urban workers

The basic old-age insurance for urban workers refers to a social insurance that the state raises funds through various channels through legislation to give certain economic compensation to workers when they reduce or lose their labor income in old age, so that the insured can enjoy basic living security.

2. Social endowment insurance for urban residents

The endowment insurance fund for urban residents is mainly composed of individual contributions and government subsidies, and is suitable for urban residents who have not participated in the work or the basic endowment insurance for employees.

3. New rural old-age insurance

Farmers participating in the new rural old-age insurance can enjoy pension benefits when they reach the age of 6, which is an important guarantee system for farmers to provide for their old age. The "new rural insurance" fund consists of individual contributions, collective subsidies and government subsidies.

the difference between enterprise pension and individual pension: first, the nature of payment is different: it is compulsory for the unit to pay the pension insurance. As long as it works in the unit, the unit will pay it, otherwise it will be punished. It is voluntary for individuals to pay endowment insurance. If you think social security is more important, you can pay the monthly fee, you can pay it yourself, or you can choose not to pay it.

second, the qualifications are different: the premise for the unit to pay the old-age insurance is that you have a normal job and a unit, but the account is not limited. Whether it is local or not, it can be handed over to social security personnel. Personal contribution pension insurance does not require work, but it is usually a local account.

III. Differences in payment objects and payment proportions The endowment insurance premium paid by the unit shall be paid by both the unit and the individual. The contribution rate of this unit is much higher than that of individuals. However, the unit only pays its own principal and the rate will be much higher. Most importantly, only 4% of them are included in personal accounts, while 6% are included in social security accounts. If there is no perfect death, only the money in personal account can be inherited. Comparing the unit's old-age insurance with the individual's old-age insurance, it is found that the unit has paid a lot of old-age expenses. Because most of them are paid by units, the share of individuals is very low.

The annual limit of personal pension is 12, yuan. Individuals need to open a personal pension account first. When opening, they need to establish a personal pension account through the personal pension information management service platform, and then open it at the place designated by commercial banks or at the place designated by financial product sales institutions.

participants should designate or open a unique personal pension fund account for personal pension payment, income collection, and personal income tax payment. Individual pension fund accounts can be designated or opened by participants in qualified commercial banks, or designated by other qualified financial product sales institutions. The personal pension fund account is closed, and its rights and interests belong to the participants, and it shall not be withdrawn in advance unless otherwise stipulated.

the implementation of the individual pension system is an inevitable requirement to meet the people's needs for multi-level and diversified pension insurance, and it is also an important measure to promote the high-quality and sustainable development of social security. Personal pension is a national institutional arrangement for the third pillar. Apart from personal pension, this institutional arrangement also includes other personal commercial pension financial services, both of which are important components of the third pillar, promoting each other and developing together.

I hope the above contents can help you. If you have any other questions, please consult a professional lawyer.

Legal basis:

Article 1 of the Social Insurance Law of the People's Republic of China

Employees shall participate in the basic old-age insurance, and both the employer and the employee shall pay the basic old-age insurance premium.

individual industrial and commercial households without employees, part-time employees who have not participated in the basic old-age insurance in the employer and other flexible employees can participate in the basic old-age insurance, and individuals pay the basic old-age insurance premium.

The measures for endowment insurance for civil servants and staff managed by reference to the Civil Service Law shall be formulated by the State Council.