The basic pension insurance for urban and rural residents is a type of social security. The details are as follows:

1. The main items of social insurance include pension insurance, medical insurance, unemployment insurance, work-related injury insurance, and maternity insurance. Social insurance refers to a non-profit social security system with the function of income redistribution that the state uses to prevent and force most members of society to participate;

2. Basic pension insurance for urban and rural residents refers to the state’s plan to protect urban and rural residents A social insurance system that combines individual contributions, collective subsidies and government subsidies to provide basic living conditions.

The differences between urban residents’ pension insurance and social security are as follows:

1. The urban residents’ pension insurance fund is mainly composed of personal contributions and government subsidies. The payment standards are currently set at 10 levels of 100 yuan, 200 yuan, 300 yuan, 400 yuan, 500 yuan, 600 yuan, 700 yuan, 800 yuan, 900 yuan, and 1,000 yuan per year. The local people's government can add payment levels according to actual conditions. The insured can choose the payment level independently, and the more he pays, the more he will get. The state adjusts payment levels in a timely manner based on economic development and the growth of per capita disposable income of urban residents;

2. Social insurance, the full name of social insurance, refers to a social insurance or security mechanism to help citizens face certain social risks Such as: unemployment, disease, accident, aging, death, etc., or to protect basic survival resources such as: education, medical care, etc.

For employees, social security is commonly referred to as the "five insurances". The specific five insurances are: pension insurance, medical insurance, unemployment insurance, work-related injury insurance and maternity insurance; the "five insurances": based on employee wages , the ratio of units and individuals is generally: pension insurance units bear 20%, individuals bear 8%; medical insurance units bear 8%, individuals bear 2%; unemployment insurance units bear 2% , 1% for individuals; 0.7% of maternity insurance is borne by the unit; work-related injury insurance is also fully borne by the unit, and individual employees do not bear maternity and work-related injury insurance. The proportions borne by various provinces, cities and regions vary.

Legal basis: Article 2 of the "Social Insurance Law of the People's Republic of China"

The state establishes basic pension insurance, basic medical insurance, work-related injury insurance, unemployment insurance, maternity insurance, etc. The social insurance system guarantees citizens’ rights to obtain material assistance from the state and society in accordance with the law in the event of old age, illness, work-related injury, unemployment, childbirth, etc.

Article 3

The social insurance system adheres to the principles of wide coverage, basic protection, multi-level, and sustainability. The level of social insurance should be consistent with the level of economic and social development.

Article 4

Employers and individuals within the territory of the People's Republic of China and the People's Republic of China pay social insurance premiums in accordance with the law and have the right to inquire about payment records and personal rights records, and request social insurance managers to The agency provides social insurance consulting and other related services.

Individuals enjoy social insurance benefits in accordance with the law and have the right to supervise the payment of contributions by their units.

Article 5

People's governments at or above the county level shall incorporate social insurance into national economic and social development plans.

The state raises social insurance funds through multiple channels. People's governments at or above the county level shall provide necessary financial support to social insurance undertakings.

The state supports social insurance through preferential tax policies.