What does it mean to pay social insurance?

Paying social security is the abbreviation of social insurance, which refers to a social and economic system that provides income or compensation for people who are unable to work, temporarily unemployed or suffer losses due to health reasons. Social insurance projects include basic old-age insurance, basic medical insurance, industrial injury insurance, unemployment insurance and maternity insurance.

Paying social insurance, commonly known as "five insurances and one gold", refers to five kinds of insurance, including endowment insurance, medical insurance, unemployment insurance, work injury insurance and maternity insurance; "One gold" refers to the old-age insurance, medical insurance and unemployment insurance in the housing provident fund. These three types of insurance are premiums paid by enterprises and individuals, and industrial injury insurance and maternity insurance are entirely borne by enterprises.

The state enforces social insurance. Usually, the company allows employees to buy after the probation period. I can ask the company to buy social insurance for me, and the company will deduct the corresponding insurance part from my monthly salary. We should realize that social insurance is a kind of protection for the rights and interests of our workers, which is compulsory by the state and must be implemented by employers.

The unit pays social security fees for employees and deducts social security from employees' wages to cope with employees' wages-social security accounting.

1. Social security, that is, social insurance premium, refers to a non-profit social security system with income redistribution function, in which the state participates, with the purpose of preventing and forcing most members of society to participate. The current social security mainly includes pension, medical care, work injury, unemployment and maternity. Social insurance premiums are divided into two parts: individual payment and enterprise overall planning.

Second, the salary payable to employees refers to the expenses paid by the enterprise in accordance with the relevant regulations, such as wages, bonuses, allowances, subsidies, employee welfare expenses, social insurance premiums, housing accumulation fund, trade union funds, employee education funds, compensation for the termination of employee labor relations, non-monetary benefits and other expenses related to obtaining services provided by employees.

Legal basis:

People's Republic of China (PRC) Social Insurance Law Article 2 The state establishes social insurance systems such as basic old-age insurance, basic medical insurance, industrial injury insurance, unemployment insurance and maternity insurance to protect citizens' right to get material help from the state and society in the event of old age, illness, industrial injury, unemployment and maternity.

Article 4 Employers and individuals who pay social insurance premiums according to law in People's Republic of China (PRC) have the right to inquire about payment records and personal rights and interests records, and ask social insurance agencies to provide social insurance consultation and other related services.

Individuals enjoy social insurance benefits according to law and have the right to supervise the payment of their own units.