Does social security mean five insurances and one gold?

Social security is not equal to five insurances and one gold.

Five insurances and one gold are a social security system in China, in which "five insurances" refer to basic old-age insurance, basic medical insurance, industrial injury insurance, unemployment insurance and maternity insurance; "One gold" refers to the housing accumulation fund. Social security usually refers to the "five insurances", that is, pension, medical care, work injury, unemployment and maternity insurance, but does not include housing provident fund. In China, after establishing labor relations with workers, employers must pay these social insurance and housing accumulation funds for workers according to relevant laws and regulations.

Elements of social security:

1. Old-age insurance: providing basic living security for retired workers;

2. Medical insurance: it is used to reduce the cost burden of employees seeking medical treatment due to illness;

3. Unemployment insurance: providing economic assistance to the unemployed for a certain period of time;

4. Work-related injury insurance: providing medical expenses and living allowances for workers with work-related injuries;

5. Maternity insurance: give certain economic subsidies to female employees for childbirth;

6. Housing accumulation fund: paid by employees and units for employees to buy houses, rent houses or repay loans.

To sum up, social security includes not only five insurances and one gold, but also housing accumulation fund, which both employers and workers must pay.

Legal basis:

People's Republic of China (PRC) social insurance law

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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 when they are old, sick, injured, unemployed and have children.