What does e social security mean?

Social security, that is, social insurance, refers to a social and economic system that provides income or compensation for people who have lost their ability to work, are temporarily unemployed or suffer losses due to health reasons. The main items of social insurance include endowment insurance, medical insurance, unemployment insurance, industrial injury insurance and maternity insurance.

The social insurance plan is organized by the government, forcing a certain group to use part of its income as social insurance tax (fee) to form a social insurance fund. Under certain conditions, the insured can get fixed income or loss compensation from the fund. It is a redistribution system, and its goal is to ensure the reproduction of material and labor and social stability.

In China, social insurance is an important part of the social security system, occupying a core position in the whole social security system.

In addition, social insurance is a contributory social security. The funds are mainly paid by employers and workers themselves, and the government finances give subsidies and bear the ultimate responsibility. However, workers can only enjoy the corresponding social insurance benefits if they fulfill their statutory payment obligations and meet the statutory conditions.

Characteristics of social security:

1. The objective basis of social insurance is the risks existing in the labor field, and the object of insurance is the individual workers;

2. The subject of social insurance is specific. Including workers (including their relatives) and employers;

3. Social insurance is compulsory;

4. The purpose of social insurance is to maintain the reproduction of labor force;

5. The insurance fund lies in the payment and financial support of employers and workers. Insurance coverage is limited to employees, excluding other social members. The insurance coverage is limited to all kinds of risks in labor risks, excluding other risks such as property and economy.

How to pay social security is the most cost-effective?

1. If there is a work unit, the social security is not paid by the unit, but by the individual: report to the labor inspection or bring a lawsuit to the people's court. This method is usually only applicable to the war with the unit and resignation. Another way is for individuals to pay according to the insurance method for flexible employees.

2. If there is no work unit, the individual will directly pay the full fee: this situation involves the insured place and household registration. If you didn't participate in insurance in the past, you can only participate in insurance at the place where you are registered, and pay the insurance premium according to the flexible employment policy. If you are insured, you can renew your insurance directly and then join the insurance according to the flexible employment policy.

3, affiliated with a unit, both units and individuals have to pay: this kind of past is more common, especially the endowment insurance of public institutions. In this case, the insurance premium paid by units and individuals is paid by individuals, which is higher than that paid by flexible employment policy. This situation is not cost-effective, but it is still used.