What does the social security agency mean?

The social security agency refers to the social insurance agency authorized by laws and regulations and subordinate to the administrative department of labor security, which specializes in social insurance affairs such as endowment insurance, medical insurance, unemployment insurance, work injury insurance and maternity insurance.

China's social insurance management system is defined as administrative management and business management. Social insurance or endowment insurance "agency" generally refers to the business management organization, which belongs to the nature of institutions and is mainly responsible for the collection and adjustment of insurance funds.

The highest institution in China should be the Social Insurance Management Center (affiliated to Ministry of Human Resources and Social Security), and its branches in various places are generally called "Social Insurance Fund Center".

Works include:? [ 1]?

(1) Collecting the basic old-age insurance premium;

(2)? The establishment and management of basic old-age insurance files (such as personal accounts);

(3)? The establishment and transfer of endowment insurance relationship;

(4)? Basic endowment insurance policy consultation;

(five) the management and service of retirees;

(6) retirement benefits;

(seven) the basic old-age insurance pay-as-you-go system and accumulation fund management;

(8) to formulate the payment scheme of the basic old-age insurance fund in this overall planning area.