What is the main source of social security funds?

Paying social security by yourself is different from paying social security by the company.

There are three kinds of social insurance, one is employee social security, the other is urban social security, and the third is the new rural cooperative medical system. For urban residents, if they have a job, the unit can pay social security, and if they have no job, they can also pay it.

1, unit

The insurance paid by the unit for employees includes endowment insurance, unemployment insurance, medical insurance, work injury insurance, maternity insurance, housing accumulation fund and a pension.

Article 72 of the Labor Law of People's Republic of China (PRC) stipulates that the social insurance fund shall determine the source of funds according to the types of insurance, and gradually implement social pooling. Employers and workers must participate in social insurance and pay social insurance premiums according to law.

Therefore, it is necessary to pay social security for employees.

2. Personal

Personal social security is the social security of residents. If you are in a city, social security for residents is called social security for urban residents; If you are in the countryside, social security for residents is our common new rural cooperative medical system.

According to the regulations, there are only two kinds of social insurance for individuals with flexible employment, namely, endowment insurance and medical insurance. Unemployment, work injury and maternity insurance are not compulsory.

Legal basis:

"People's Republic of China (PRC) Labor Law" Article 72 The social insurance fund shall determine the source of funds according to the types of insurance, and gradually implement social pooling. Employers and workers must participate in social insurance and pay social insurance premiums according to law.