Some people think that since individuals can pay social insurance by themselves, why should wages be deducted when paying in important units? The following is the difference between individual pension insurance payment and unit payment, for your reference: 1, the payment ratio is different, the unit payment 12%, the individual payment 8%, totaling ***20%, and the individual pays in his own name, with the payment ratio of 20. 2. If you hand it in yourself, you should bring your ID card, household registration book and endowment insurance manual to the labor bureau in the area where your household registration belongs for retirement. Pension is related to the local social wage, payment base and payment time before retirement 1 year, and is directly proportional to the base and payment time. Overpayment has nothing to do with the proportion of payment. Therefore, no matter whether the company pays or pays by itself, as long as the retirement time, payment base and payment time are the same, there are as many pensions and the calculation method is the same. 3. Social security is divided into overall account and individual account. If there is a unit, the part paid by the unit goes into the overall account, and the part paid by the individual goes into the personal account. 40% of the total payment goes into the personal account, and the remaining 60% goes into the overall account, which is equivalent to bearing the payment of some units. Knowledge Expansion: What is Personal Endowment Insurance? Personal endowment insurance is a kind of personal insurance for urban and rural residents. All urban and rural residents who are 16 years old, healthy and have the ability to work or work normally can apply to the insurance company for insurance. The insurance period of individual endowment insurance includes insurance premium payment period and pension amount withdrawal period. The insurance premium payment period begins when the insured goes through the insurance formalities and pays the first premium, and ends when the agreed payment period expires; Pensions are collected from the month following the expiration of the payment period agreed by the insured until the insurer's insurance liability is terminated. The insurance contract of individual pension insurance bears the following insurance responsibilities to the insured: during the pension period, the insured can get a fixed annuity of 10 years. If the insured dies during the fixed annuity period, the beneficiary (the legal heir if no beneficiary is specified) can continue to receive 10 years, and the insurance liability is terminated; If the insured is still alive after receiving the 10 fixed annuity, he can continue to receive the pension until his death, and the insurance liability is terminated; If the insured dies within the insurance payment period, he can receive the death surrender money according to the regulations, and the insurance liability is terminated. Individual endowment insurance can be paid monthly, quarterly and annually, or it can be paid in one lump sum when insured. The monthly insurance premium of each insured shall not be lower than that of 20 yuan, and the annual insurance premium shall not be lower than that of 200 yuan. The age of starting to receive pensions is 50, 55, 60 and 65 respectively, and the insured can choose the grade that they think is most suitable. The insured has paid the insurance premium for two years. If it is urgent, he can apply for a loan from the insurance company with the certificate. The loan amount shall not exceed 70% of the cash value of the insurance policy and the loan period shall not exceed 7 months. The principal and interest of the loan shall be repaid at the maturity of the loan. If the loan is not repaid within the time limit, the insurance effect will be terminated when the loan principal and interest reach the surrender amount. Individual endowment insurance has played an indispensable role in establishing and perfecting China's multi-level and multi-form social endowment security system.