Is social security a provident fund?

Social security is not a provident fund.

Social security means that the state actively mobilizes resources from all sectors of society through legislation to ensure the survival of citizens with no income, low income and suffering from various sudden disasters, and to ensure that the basic livelihood of workers in old age, unemployment, illness, work injury and childbirth will not be affected. At the same time, according to economic and social development, gradually improve the level of public welfare and improve people's quality of life.