What is Guangzhou 4050 social security subsidy policy?

Legal analysis: the latest policy of 4050 social security subsidy: the application target conditions: women over 40 years old, men over 50 years old registered unemployed people in cities and towns (including "4050" registered unemployed people who have been landless farmers "peasants"); Persons with employment difficulties who declare employment after flexible employment and pay social insurance premiums at their own expense may apply for 4050 social security subsidies. Application time: apply for registration in the township where the household registration is located and the community (village) where the street (management Committee) belongs from February to April every year. Application materials: (1) Bring the original and photocopy of my household registration book (or the household registration certificate of the public security organ); (2) a copy of my ID card; (3) Original employment unemployment certificate; (4) A copy of my postal bank passbook account number; (5) Social insurance payment records (list of payment by the Municipal Postal Bank).

Legal basis: People's Republic of China (PRC) 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, so as to guarantee citizens' right to receive material assistance from the state and society in accordance with the law in case of old age, illness, industrial injury, unemployment and maternity.

Article 3 The social insurance system adheres to the principles of wide coverage, basic protection, multi-level and sustainability, and the level of social insurance should be compatible with the level of economic and social development.