Some people say that a pension is a pension, and a pension is a pension. In fact, the difference between pension and retirement pension is that pension refers to the insurance treatment paid monthly or lump sum in the form of money according to the contribution made to the society and the pension insurance qualifications or retirement conditions after the worker is old or loses his or her labor force.
Pension, on the other hand, refers to the retirement benefits that retired public servants can enjoy. Over time, however, people who are now eligible for pensions include other groups such as business workers, flexible workers and farmers. Therefore, the biggest difference between the two is the difference in the name.
However, not everyone who has paid pension insurance can receive a pension, and there are three conditions that need to be met.
First of all, you must have reached the statutory retirement age and have completed the retirement process. Secondly, the units and individuals must participate in the basic pension insurance and fulfill the payment obligations in accordance with the law. Finally, individuals must have paid for 15 years.
Pensions are limited only to the working age of the insured, while pensions are limited to social contribution in addition to the limits of working age. Pensions are mainly for civil servants, staff of government agencies and public institutions, while pensioners are mainly workers, residents, some flexibly employed persons and farmers.
In terms of payment methods, the pension is paid by the employer, while the pension is jointly paid by the employer and the insured.
Pensions are generally paid by the state or local finances, and can be received in installments or in a lump sum, and the amount increases with the increase of working years. Pensions, on the other hand, are paid by the social insurance fund, and the amount received depends on factors such as the average contribution salary of the individual, the average social wage in the area for the year before retirement, and the number of years of contributions.
Pensions are paid by the unit, while pensions are paid by the state. There are no additional contributions to a pension, while receiving a pension requires a regular contribution to social security. In general, the insured person's employer will pay a part of the fee on behalf of the insured, part of which will be handed over to the state, and the other part will be credited to the personal account. The higher the balance in the personal account, the more pension you will receive in the future.