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Guangzhou 4050 Social Security Subsidy Policy Application Conditions

Legal analysis: In 2020, the social security 4050 subsidy will be applied to laid-off and unemployed women over 40 years old and men over 50 years old. All flexible employees who have no social insurance protection at this age can apply for the national 4050 social security subsidy.

Legal basis: Article 2 of the Social Insurance Law of People's Republic of China (PRC) The state establishes social insurance systems such as basic old-age insurance, basic medical insurance, industrial injury insurance, unemployment insurance, maternity insurance, etc., to protect citizens' right to get material help from the state and society according to law in case of old age, illness, industrial injury, unemployment and maternity.