What is the difference between China's pension insurance and that of Japan and foreign countries?
Every country is different. Many countries bear part of the burden directly from the state, and they bear part of the burden themselves. Many countries do not care at all, and enterprises are directly responsible for it. Our country's social insurance pension system has just been implemented for a few years, so it is not very good now. I believe it will be better gradually! The endowment insurance in the United States is divided into three parts, namely, the federal pension system, private pension plans, and individual pension plans. The federal pension system is the most basic old-age insurance system in the United States. It was founded in 1935, starting from the Social Security Act passed by the United States Congress that year. After continuous supplementation and revision, the basic provisions remain in use today. According to the laws of the United States federal government, the retirement age of employees is 65 for both men and women, and they must pay taxes for 40 quarters (with 10 years of payment period) to enjoy treatment. The pension insurance premium is paid by employers and employees, and the government will not bear it. The cost of pension insurance is raised by the state in the form of social security tax, and paid by employers and employees at the same tax rate. The amount payable by employees shall be calculated in sections according to their annual salary. The part with an annual salary of less than 55000 dollars is taxed at 7.65, of which 6.2% is used for pension, survivors and disability insurance, and 1.45% is used for medical insurance for the elderly over 65 years old; The part of annual salary between 55000 and 13000 dollars. Invest 1.45% (for medical insurance) to pay taxes; The part with an annual salary of more than 130000 dollars is not subject to tax. Employers pay taxes at the rate payable by their employees. For each dollar of income tax, 73 US dollars are used for pension, 19 US dollars are used for medical treatment, and 8 US cents are used for disability. Is this easy to understand?
