What's the use of paying social security

1. Old-age insurance refers to a social insurance system in which workers get certain economic compensation, material help and services from the government and society after reaching the statutory retirement age, that is, when we are unable to work, we can get certain economic help from the society or the government to ensure our basic life.

2, medical insurance, that is, the amount of reimbursement for medical treatment or hospitalization after we get sick, the reimbursement ratio of insurance is different according to the level of the hospital and the minimum payment, so we don't have to worry about not getting effective treatment in a hospital with more money.

3. Work-related injury insurance, also known as occupational injury insurance, refers to the state and society providing necessary material assistance to the injured, disabled and relatives of the deceased after employees are accidentally injured in the course of work or occupational diseases caused by occupational hazards such as dust, radiation and toxic substances.

4. Unemployment insurance. When we have no job, the society or the state will give us some compensation to maintain our basic life.

5. Maternity insurance refers to the material assistance provided by the state or society to ensure the normal work of professional women in this special period when they temporarily suspend their work due to childbirth and lose their normal source of income.

Extended data

The purpose of unemployment insurance is to ensure the basic livelihood of the unemployed during unemployment and promote their re-employment. Employees in urban enterprises and institutions are the targets of unemployment insurance.

The sources of unemployment insurance fund include: insurance premium paid by urban enterprises and institutions at 2% of their total wages, unemployment insurance premium paid by employees at 0% of their total wages, interest of unemployment insurance fund, financial subsidies and other funds incorporated into unemployment insurance fund according to law.

The types of payment include: unemployment insurance, medical subsidies during the period of receiving unemployment insurance, funeral subsidies for unemployed people who died during the period of receiving unemployment insurance, pensions for their dependent spouses and immediate family members, and subsidies for receiving vocational training and job introduction during the period of receiving unemployment insurance.

The payment conditions are: participating in unemployment insurance according to the regulations, and the unit and I have fulfilled the payment obligations according to the regulations for 1 year; Not because of my will to interrupt employment; Registered unemployed and have job requirements.

Baidu Encyclopedia: Social Security Unemployment Insurance