What does the social security system mean to people's lives and what does society run?

Social security system is the safety net of people's life and the stabilizer of social operation.

Improve the multi-level social security system covering the whole people, coordinating urban and rural areas, being fair, unified, safe, standardized and sustainable. We will improve the national overall planning system for basic old-age insurance, develop a multi-level and multi-pillar old-age insurance system, and gradually delay the statutory retirement age.

Expand the coverage of social insurance, improve the financing and treatment adjustment mechanism of basic old-age insurance and basic medical insurance, and promote the provincial-level co-ordination of basic medical insurance, unemployment insurance and industrial injury insurance. We will promote the orderly connection of multi-level medical security, improve the system of serious illness insurance and medical assistance, implement medical settlement in different places, establish a long-term care insurance system, and actively develop commercial medical insurance.

Functions of social security system

Social security system refers to a series of systems such as social insurance, assistance and subsidies formulated by the state through legislation. One of the most important social and economic systems in modern countries is to ensure the basic survival and living needs of all social members. In particular, it guarantees the special needs of citizens in old age, illness, disability, unemployment, childbirth, death, disasters and life difficulties.

It is realized by the state through the distribution and redistribution of national income, and the whole social security system consists of social welfare, social insurance, social assistance, social preferential treatment and resettlement, etc.