What does social security allowance mean?

First, social security subsidies are social insurance subsidies. Social insurance subsidies are used in the following aspects: social insurance subsidies for people with employment difficulties and social insurance subsidies for college graduates.

Two. Legal basis: Article 7 of the Measures for the Administration of Employment Subsidy Funds? The range of people who enjoy social insurance subsidies includes: people with employment difficulties and college graduates who meet the requirements of the Employment Promotion Law.

Three, social insurance subsidies for the following aspects:

(a) social insurance subsidies for people with employment difficulties. Units that employ people with employment difficulties and pay social insurance premiums, and units that place people with employment difficulties through public welfare posts and pay social insurance premiums, shall be subsidized according to the basic old-age insurance premium, basic medical insurance premium and unemployment insurance premium actually paid by people with employment difficulties, excluding the part that individuals with employment difficulties should pay. Give a certain amount of social insurance subsidies to the social insurance premiums paid by people with employment difficulties after flexible employment, and the subsidy standard shall not exceed 2/3 of their actual contributions in principle. The term of social insurance subsidies for people with employment difficulties shall not exceed 3 years (subject to the age when they are first approved to enjoy social insurance subsidies), except for those with employment difficulties who are less than 5 years away from the statutory retirement age.

(2) Social insurance subsidies for college graduates. For small and micro enterprises that employ college graduates in the graduation year and sign labor contracts with them for more than 1 year and pay social insurance premiums for them, the maximum social insurance subsidy is given 1 year, excluding the part that college graduates should pay personally. Give a certain amount of social insurance subsidies to the social insurance premiums paid by unemployed college graduates after leaving school 1 year. In principle, the subsidy standard shall not exceed 2/3 of the actual payment, and the maximum subsidy period shall not exceed 2 years.