What is social security economic assistance?

Social insurance subsidies and post subsidies are financial subsidies given to employers after encouraging them to recruit unemployed people and pay social insurance premiums for them according to regulations. The employer shall give social insurance subsidies and post subsidies to the unemployed who hold the Re-employment Concession Card and meet the following conditions. (1) Commercial enterprises and service enterprises (excluding advertisements, housing agencies, pawns, saunas, massages and oxygen bars restricted by the state) that employ unemployed people over 35 years of age and men over 40 years of age and sign labor contracts with a term of 1 year or more shall be given social insurance subsidies of no more than three years during the contract period.

(II) If an employer recruits unemployed persons whose female age is over 40 and whose male age is over 50 (hereinafter referred to as "4050" unemployed persons, except those who enjoy special subsidies from community public welfare employment organizations and those who have been arranged to pay social insurance premiums by state organs and institutions), and signs a labor contract with a term of 1 year or more, social insurance subsidies for up to five years shall be given during the contract period.

If the employing unit recruits "4050" unemployed workers and signs labor contracts with a term of three years or more, it will give social insurance subsidies in addition to the above provisions, and a one-time post subsidy will be given to each person recruited/kloc-0.

(3) If the employing unit recruits unemployed persons with moderate disabilities and signs a labor contract with a term of 1 year or more, it will give social insurance subsidies for no more than 3 years during the contract period; Those who employ severely disabled unemployed people and sign labor contracts with a term of 1 year or above will be given social insurance subsidies of no more than 5 years during the contract period.

If the employing unit recruits the unemployed with moderate or severe disabilities and signs a labor contract with a term of three years or more, it will give a one-time post subsidy for each person recruited/kloc-0, in addition to giving social insurance subsidies according to the above provisions. You'd better ask the local social security bureau.

Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.