How many years did the social security fund start?

China has implemented the social security payment system since 1993.

1993, China tried out the old-age insurance system in some state-owned enterprises, and began to pay the old-age insurance premiums jointly by units and individuals, that is, began to implement the social security system.

At present, China has established social insurance systems such as basic old-age insurance, basic medical insurance and industrial injury insurance.

Legal basis:

Article 2 of the Social Insurance Law

The state establishes social insurance systems such as basic old-age insurance, basic medical insurance, industrial injury insurance, unemployment insurance and maternity insurance, so as to guarantee citizens' right to receive material assistance from the state and society in accordance with the law when they are old, sick, injured, unemployed and have children.

Lawyer analysis:

China has implemented the social security payment system since 1993.

1993, China tried out the old-age insurance system in some state-owned enterprises, and began to pay the old-age insurance premiums jointly by units and individuals, that is, began to implement the social security system.

At present, China has established social insurance systems such as basic old-age insurance, basic medical insurance and industrial injury insurance.

Legal basis:

Article 2 of the Social Insurance Law

The state establishes social insurance systems such as basic old-age insurance, basic medical insurance, industrial injury insurance, unemployment insurance and maternity insurance, so as to guarantee citizens' right to receive material assistance from the state and society in accordance with the law when they are old, sick, injured, unemployed and have children.