What do you mean by social security fund payment?

Social security fund payment is to protect the basic needs of social members.

Social security fund payment means that according to the relevant laws and regulations of the state, the social security implementing agency provides a certain amount of subsidies to eligible individuals or units to meet their expenses in medical care, pension and unemployment. The main purpose of this payment method is to help those who are unable to be self-sufficient or in trouble tide over the difficulties, and also to promote economic development and consumption growth. Under the current system in China, various types of insurance, including pension and medical care for urban workers, and many benefits, such as public assistance, can be paid through social security funds.