The difference between retirement wages and pensions (1) Different concepts 1. Retirement pensions are provided by the state in accordance with the social insurance system when workers become old or lose their ability to work, based on their contributions to society. and the qualifications or retirement conditions for pension insurance. Insurance benefits in the form of currency are paid on a monthly or one-time basis, mainly to protect the basic living needs of employees after retirement. 2. The full name of pension insurance is social basic pension insurance. It is a policy provided by the state and society in accordance with certain laws and regulations to solve the problems faced by workers after they reach the working age limit stipulated by the state to be relieved of their labor obligations, or after they have lost their ability to work due to old age and have retired from their jobs. A social insurance system established to meet basic needs. (2) Different funding channels 1. Retirement pensions are generally paid by the national finance or local finance, and are for retirees who have not participated in the social coordination of pension insurance (such as civil servants and personnel from public institutions, excluding units under corporate management of public institutions). Benefits are referred to as pensions or retirement living expenses.
Legal Basis
Article 25 of the "Social Insurance Fund Accounting System"? Basic pension insurance fund expenditures for enterprise employees include pension insurance benefit expenditures, transfer expenditures, subsidies to subordinate expenditures, and superior expenditures Understand superior expenditures and other expenditures. Pension insurance benefits include basic pensions, medical subsidies, funeral benefits and pensions, and disability benefits. Basic pensions include basic pensions, personal account pensions, transitional pensions and pensions paid to those who have retired, retired and retired before the implementation of the "Decision of the State Council on Establishing a Unified Pension Insurance System for Enterprise Employees" (Guofa [1997] No. 26) Retirement benefits, pensions, severance benefits and subsidies for retired personnel. Personal account pensions include monthly personal account pension payments and one-time payments from personal accounts. One-time disbursements from personal accounts refer to the disbursements of the funds in personal accounts of individuals who participate in the basic pension insurance for enterprise employees due to death, settling abroad, etc. Medical subsidies refer to the payment of medical expenses for retired, retired and retired personnel who have been included in the expenditure scope of the basic pension insurance fund for enterprise employees in accordance with regulations. Funeral subsidies and pensions refer to the funeral subsidies and pensions for survivors after the insured person dies due to illness or non-work-related expenses and has been included in the expenditure scope of the basic pension insurance fund for enterprise employees. Sickness allowance refers to the basic living allowance paid according to national standards to insured persons who have completely lost their ability to work due to illness or non-work-related disability before reaching the legal retirement age. Expenditures on repeated basic pension insurance benefits for urban and rural residents shall be deducted from the enterprise employee basic pension insurance fund and disbursed from other expenditures.
Warm reminder
The above answers are only based on the current information and my understanding of the law. Please refer to it with caution!
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