What are the seven insurance and two pensions

Seven insurance and two gold is by the pension insurance, work injury insurance, medical insurance, unemployment insurance, housing insurance, transportation insurance, disability insurance, supplemental pension/medical/education fund, enterprise annuity.

In addition to the five insurance provided by the social security law, many places are now starting to pay long-term care insurance and medical insurance for major illnesses, which is the seven insurance, the original housing fund plus now supplemental pension, such as occupational pension, enterprise annuity, etc., is the so-called two gold. In addition to the housing fund in the two gold, mainly the supplementary pension.

Supplementary pension in the enterprise is called enterprise annuity, by the unit and individual employees to pay voluntary contributions, the total contribution rate of 12%, of which the individual contribution rate of 4%; in the institutions is called occupational pension, by the unit and individual employees to pay the proportion of the contribution ratio of 12%, all the use of personal account management. When you retire, in addition to enjoying the basic pension treatment, but also enjoy the enterprise annuity or occupational pension treatment.

The significance of social security

1, to ensure smooth social production. Social security can ensure that the labor productivity of the society to carry out smoothly, if the workers in the process of labor, encountered a variety of accidents, the social security to give the reimbursement, to help workers in the encounter of all kinds of risks and accidents, to give a certain treatment. So the formation of a virtuous circle, to ensure the smooth progress of social labor productivity.

2, promote the progress of society. Society is also conducive to promoting the progress of society, because social security is characterized by mutual assistance, from a social point of view, better reflect the spirit of mutual assistance, cooperation, and is conducive to promoting the progress of society.

3. Realization of social justice. People in the cultural level, the economic ability of each gap, the social insurance fund account, you can give subsidies to lower income workers to ensure their living standards, to a certain extent, to achieve social justice, but also help to enhance the stability of society.