What is the full name of social security?

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 items of social insurance include endowment insurance, medical insurance, unemployment insurance, industrial injury insurance and maternity insurance.

Extended data

Five characteristics of social insurance

1. The objective basis of social insurance is the risks existing in the labor field, and the insurance object is the worker himself;

2. The subject of social insurance is specific. Including workers (including their relatives) and employers;

3. Social insurance is compulsory;

4. The purpose of social insurance is to maintain the reproduction of labor force;

5. The insurance fund comes from the payment and financial support of employers and workers.

For employees, social security is usually called "five insurances and one gold". The specific five insurances are: endowment insurance, medical insurance, unemployment insurance, work injury insurance and maternity insurance; One gold: housing accumulation fund. "Housing accumulation fund": the specific units and individuals each bear 50% of the proportion, calculated according to the average annual salary of individuals.

The state stipulates that the housing accumulation fund shall not be less than 10% of the salary, and the units with good benefits may be higher, and the employees and units shall bear 50% respectively.

"Five insurances": According to the wages of employees, the proportion of units and individuals is generally: 2 1% (non-agricultural registered permanent residence) 14% (agricultural registered permanent residence), and 8% for individuals; The medical insurance unit bears 8.5% and the individual bears 2%; Unemployment insurance unit undertakes 1%, and individual undertakes1%; 1% maternity insurance shall be borne by the unit; 0.4- 1.2% of industrial injury insurance is also borne by the unit, and individual employees do not bear maternity and industrial injury insurance.

References:

Baidu encyclopedia-social insurance