Labor insurance co-ordination refers to the co-ordination of state-owned enterprises and institutions in the past, which is limited to state-owned enterprises or collective enterprises and institutions and does not implement socialized distribution. All units have paid their own insurance fees. With the expansion of the scope of overall planning, the coverage has gradually expanded to the whole society, and socialized distribution is called social insurance overall planning. Now, social insurance has replaced labor insurance as a whole.
The biggest difference is that the original cost of labor insurance co-ordination is borne by enterprises, while the cost of the current social insurance system is borne by enterprises and individuals; The original labor insurance system was limited to the benefits that employees of state-owned enterprises can enjoy, but the current social security system covers all workers.
Social security planning similar to labor insurance planning;
Social pooling refers to the unified collection, unified management and unified adjustment and use of social insurance funds by social insurance agencies in a large scope according to law. This system adopts the traditional mode of raising basic old-age insurance expenses when raising basic old-age insurance funds.
That is, the state, units and individuals share the burden; The basic old-age insurance fund implements social mutual aid; In the calculation and payment of basic pension, the structural calculation and payment method is adopted, emphasizing the incentive factors and labor contribution differences of personal account pension. The basic old-age insurance is enforced by the state, and its purpose is to protect the basic needs of retirees.