Core Insights - The latest data from Jiangsu's Human Resources and Social Security Department indicates a total of 35.54 million participants in enterprise basic pension insurance (企保) and retirees, an increase of 2.8169 million compared to the end of the 13th Five-Year Plan period [1] - Conversely, the number of participants in urban and rural residents' pension insurance (城乡居保) has decreased to 22.97 million, down by 1.0343 million from the end of the 13th Five-Year Plan [1] - This shift reflects the rising development level in Jiangsu, leading citizens to opt for higher-tier social security options [1] Group 1: Pension Insurance Dynamics - The primary participants in enterprise basic pension insurance are employees of enterprises and individual business owners, with a minimum annual contribution standard exceeding 80,000 yuan [2] - Urban and rural residents' pension insurance targets those without stable employment, with a significantly lower minimum annual contribution of only a few hundred yuan [2] - Despite over 85% of the benefits from urban and rural residents' pension insurance being government-subsidized, there remains a disparity in benefit levels compared to enterprise basic pension insurance [2] Group 2: Transition to Enterprise Pension Insurance - Increasingly, farmers like Xue Yong are choosing to switch from urban and rural residents' pension insurance to enterprise basic pension insurance, motivated by better benefits [2] - The local village committee has actively promoted policies allowing flexible employment individuals to voluntarily participate in enterprise basic pension insurance, with previous urban and rural residents' insurance years being proportionally counted towards enterprise insurance [2] - The transition has led to a significant increase in contributions, with Xue Yong noting that the monthly payment for enterprise insurance is over 900 yuan compared to the annual payment of 400-500 yuan for urban and rural residents' insurance [2]