Is there a difference between urban and rural old-age insurance and rural old-age insurance

Hello, rural old-age insurance and urban old-age insurance difference is: First of all, the object of protection is different, the basic old-age insurance for urban workers is to ensure that the urban employment group; and the new rural insurance protection is the rural residents group. 2 Secondly, the basic pension insurance for urban workers is mandated by national laws and regulations, and employers and employing units, including individual workers, are required to make contributions in accordance with the regulations; while the new rural insurance emphasizes the principle of voluntariness, and farmers participate voluntarily, according to the reality of the current stage of the countryside, and is guided by the government, but does not engage in coercive orders. 3 Again, the new rural insurance policy "flexible", which is not in the basic pension insurance for urban workers. In the basic pension insurance for urban workers, there are stipulated contribution ratios, stipulated eligibility requirements, stipulated payment standards, and generally speaking, not much flexibility. In the new rural insurance, there is a principle called "flexibility", for example, the design of the contribution standard ranges from 100 yuan to 200 yuan, 300 yuan, 400 yuan and 500 yuan. Farmers can choose according to their own income level, while allowing local increase in contribution standards, can be set up, can also be set down, which is to adapt to the imbalance of economic development and farmers around the relatively large differences in income levels of the actual situation, do not engage in "one size fits all". 4 Finally, the funding structure is different. The main contributor to the basic pension insurance for urban workers is the employer, and although individuals also make contributions, the employer pays the main part. The main contributor to the NPS is the government, which gives the current basic pension to those aged 60 and over (currently set at 55 yuan per person per month), and also subsidizes the contributions of young and middle-aged people.

Article 20 of the Social Insurance Law The State establishes and improves the new rural social pension insurance system. The new rural social pension insurance is a combination of individual contributions, collective subsidies and government subsidies. Article 21 of the Social Insurance Law The new rural social pension insurance benefits consist of a basic pension and a personal account pension. Rural residents who participate in the new rural social pension insurance, meet the conditions stipulated by the state, receive the new rural social pension insurance benefits on a monthly basis.