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The difference between enterprise social security and individual social security

It is compulsory for companies to buy social security, and it is voluntary for individuals to buy social security.

Individuals who pay social security need to go to social insurance agencies for social insurance registration, and individuals directly pay social insurance premiums to social insurance premium collection agencies. The employing unit shall apply to the social insurance agency for social insurance registration for its employees, and the unit shall pay the social insurance premium.

Introduction to social security:

Social security refers to "five insurances", including old-age insurance, medical insurance, maternity insurance, industrial injury insurance and unemployment insurance. Together with the housing provident fund, it is called "five insurances and one gold". It is worth noting that "one fund" does not actually belong to social security, but for convenience, we often refer to social security as "five insurances and one fund", which is used to refer to several kinds of security benefits given to workers by employers.

Social insurance is mainly through raising social insurance funds, coordinating and adjusting social insurance funds within a certain range, and giving necessary help to workers when they encounter labor risks. Social insurance provides basic living security for workers. Workers can enjoy social insurance benefits as long as they meet the conditions for enjoying social insurance, that is, they have established labor relations with employers or paid various social insurance premiums according to regulations.

Social insurance is the core content of social security system. There are two milestones in the history of social security: first, Germany initiated the social security system in Bismarck era; Second, in 1935, the United States established a perfect social security system and institutionalized social security, which had a great impact on the globalization of social security system after World War II.