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Is it legal for people to pay social security?
Social insurance is a social and economic system that provides income or compensation for people who have lost their ability to work, are temporarily unemployed or suffer losses due to health reasons, and occupies a core position in the whole social security system. Its main items include endowment insurance, medical insurance, unemployment insurance, industrial injury insurance and maternity insurance.
The main functions of social security are:
1. Provide old-age security: social security can pay old-age insurance for itself. General units and employees pay the same fee. The more they pay, the more they get when they reach retirement age.
2. Provide medical insurance: Social security can reimburse certain medical expenses when employees are sick, and after paying a certain number of years, they can enjoy medical insurance benefits for life.
3. Providing maternity protection: Social security can reimburse a series of medical expenses incurred by women during childbirth, and can also receive a certain maternity allowance during maternity leave.
4. Providing unemployment protection: Social security can provide compensation for the unemployed to meet their basic needs during unemployment.
5. Providing industrial injury protection: Social security can provide certain insurance compensation for employees who have industrial injuries.
To sum up, social insurance is a contributory social security. The funds are mainly paid by employers and workers themselves, and the government finances give subsidies and bear the ultimate responsibility. However, workers can only enjoy the corresponding social insurance benefits if they fulfill their statutory payment obligations and meet the statutory conditions.
Legal basis:
People's Republic of China (PRC) social insurance law
Article 24
The state establishes and improves the new rural cooperative medical system.
Measures for the administration of the new rural cooperative medical system shall be formulated by the State Council.
Article 25
The state establishes and improves the basic medical insurance system for urban residents.
The basic medical insurance for urban residents combines individual contributions with government subsidies.
People who enjoy the minimum living guarantee, disabled people who have lost their ability to work, elderly people and minors over 60 years old in low-income families, etc. , subsidized by the government.
Article 26
The basic medical insurance for employees, the new rural cooperative medical system and the basic medical insurance for urban residents shall be implemented in accordance with state regulations.
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