Job Recruitment Website - Social security inquiry - The latest policy, after the state-owned enterprises buy out the length of service, does it count as the previous social security?

The latest policy, after the state-owned enterprises buy out the length of service, does it count as the previous social security?

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According to the inquiry of official website of Social Security Bureau, after the state-owned enterprises bought out the length of service, they used to calculate social security as part of the payment.

The full name of social security is social insurance, which is 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. The main projects include endowment insurance, medical insurance, unemployment insurance, industrial and commercial insurance and maternity insurance.