The difference between basic retirement fees and basic pensions is mainly reflected in the following aspects:

1. Payment method. Pensions are usually fully borne by the employer; pensions are paid jointly by the employer and individual employees.

2. Source of funds. Retirement pensions mainly come from national or local fiscal expenditures; pensions are paid by social insurance funds, including contributions from insured units and individuals, investment income from funds, and government subsidies.

3. How to receive it. Pensions can be received in installments or in one lump sum; pensions are generally paid monthly.

4. Scope of application. Retirement pensions are mainly applicable to retirees who have not participated in the social pooling of pension insurance; pensions are applicable to employees, residents, and some flexible employees and farmers.

Conditions for receiving pensions:

1. The person concerned has participated in the basic pension insurance;

2. The statutory retirement period has been reached;

< p>3. The accumulated basic pension insurance premiums have been paid for fifteen years.

4. When you retire, you must pay a total of new rural social pension insurance or urban resident social pension insurance for the specified number of years.

To sum up, the main difference between basic retirement fees and basic pensions lies in the payment entities and funding channels. The former is usually paid by enterprises or government agencies, while the latter is paid by social insurance funds.

Legal basis:

"Social Insurance Law of the People's Republic of China"

Article 16

Participation in basic pension insurance Individuals who have made cumulative contributions for fifteen years when they reach the statutory retirement age will receive a basic pension on a monthly basis.

Individuals participating in basic pension insurance who have paid less than fifteen years of cumulative contributions when reaching the legal retirement age can pay for fifteen years and receive a basic pension on a monthly basis; they can also transfer to a new rural social pension system Insurance or social pension insurance for urban residents, and enjoy corresponding pension insurance benefits in accordance with the provisions of the State Council.

Article 27

If an individual who participates in the basic medical insurance for employees reaches the statutory retirement age and has paid cumulative contributions for the number of years specified by the state, he will no longer pay basic medical insurance premiums after retirement. Enjoy basic medical insurance benefits in accordance with national regulations; those who have not reached the nationally prescribed years can pay premiums up to the nationally prescribed years.