What does the income of social insurance fund mean?

The income of social insurance fund refers to the social insurance fees paid by enterprises or employees, which is an important financial income of the government, not personal financial income. The income of the social insurance fund is mandatory, and it must comply with the provisions of earmarking, that is, the income of the social insurance fund should be used exclusively for the expenditure of the government's social insurance plan.

Income content of social insurance fund

1. Social insurance premium income: including unemployment insurance premium, medical insurance premium and endowment insurance premium paid by units or individuals according to a certain proportion;

2. Financial subsidy income: refers to the subsidies given by the state financial department after applying for subsidies when the social insurance fund is insufficient;

3. Transfer income: when the insured person moves from other places to work locally, his personal account fund will be transferred accordingly;

4. Income from business transactions: refers to the social insurance fund with increased business transactions between the handling institution and its superior or subordinate institutions;

5. Other income: fine income and late payment income generated by enterprises or units due to unpaid social security fees.