What does one gold, five insurances and one gold mean?

Five insurances and one gold refer to the housing accumulation fund.

Five insurances and one gold are the general names of several security benefits provided by employers to workers, including endowment insurance, medical insurance, unemployment insurance, work injury insurance, maternity insurance and housing accumulation fund.

Five insurances and one gold include the following contents:

1. Old-age insurance: provide basic pension and related benefits for the insured when they retire.

2. Medical insurance: provide medical expenses reimbursement and related medical security for the insured.

3. Unemployment insurance: provide the insured with a certain amount of living allowance and employment assistance during unemployment.

4. Work-related injury insurance: providing the insured with medical expenses, rehabilitation expenses and a certain degree of disability compensation during the work-related injury.

5. Maternity insurance: providing the insured with medical expenses reimbursement and maternity allowance during childbirth.

6. Housing accumulation fund: paid jointly by employers and employees, and used for employees' purchase of houses, renting houses or providing housing loans and other related purposes.

The payment methods of five insurances and one gold include:

1. The employer shall pay social insurance to the social insurance department within 30 days of establishing labor relations;

2. As a flexible employee, go to the social security department to register.

To sum up, these social insurance and housing accumulation funds are the legal obligations and rights between enterprises and employees in China. By paying and using these funds, the social security level and housing conditions of employees can be improved. The specific payment ratio and policy details may vary according to local and individual conditions. It is recommended to refer to relevant local laws and policies, or consult the employer or relevant government agencies to understand the specific policies and operational details of five insurances and one fund.

Legal basis:

Article 2 of People's Republic of China (PRC) Social Insurance Law

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.

essay

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.