Is social security social security or social insurance?

Hello! Social security, the full name of social insurance, refers to a social insurance or security mechanism to help citizens face certain social risks such as unemployment, illness, accidents, aging and death. Or guarantee basic living resources such as education and medical care.

Social insurance is an important part of social security, with a wider scope and more contents. For employees, social security is usually called "five insurances", namely: endowment insurance, medical insurance, unemployment insurance, work injury insurance and maternity insurance; Social insurance does not include housing accumulation fund.

"Five insurances": According to the wages of employees, the proportion of units and individuals is generally: 20% for pension insurance units and 8% for individuals; 8% for medical insurance units and 2% for individuals; Unemployment insurance unit 2%, individual1%; Maternity insurance shall be borne by the unit at 0.7%; 0.5~ 1.6% of work-related injury insurance is also borne by the unit, and individual employees do not bear maternity and work-related injury insurance. Provinces and cities bear different proportions.