What does the social insurance fund include?

Social insurance funds mainly include five categories, namely: basic old-age insurance funds, basic medical insurance funds, industrial injury insurance funds, unemployment insurance funds and maternity insurance funds.

In addition to the basic medical insurance fund and maternity insurance fund combined accounting, other social insurance funds are accounted for separately according to social insurance types. Social insurance funds implement a unified accounting system throughout the country. Social insurance funds shall be earmarked for special purposes, and no organization or individual may occupy or misappropriate them in any form.

The sources of social insurance funds in China can be roughly divided into four aspects:

(a) the insurance premium paid by the insured according to a certain proportion of his wage income (if the wage income cannot be determined, it shall be calculated according to the average wage of the employees);

(two) the insurance premium paid by the insured unit according to a certain proportion of the total wages of its employees;

(three) the government's financial subsidies to the social insurance fund;

(4) Bank interest or investment returns from social insurance funds and social donations, etc.

Extended data:

The social insurance fund adopts an overall approach. The so-called overall planning is a fund management system or fund management mode that makes unified provisions, plans and arrangements for the source and use of social insurance funds within the society in order to give full play to the functions of social insurance and promote the preservation and appreciation of insurance funds.

The scope of overall planning represents the degree of socialization and security level of social insurance, which is measured from four angles:

(1) enterprise or employer. Whether all enterprises or some enterprises are included in the overall planning scope, the traditional social insurance in China is mainly state-owned and urban collective enterprises, and it is gradually extended to all enterprises;

(2) the scope of workers. Whether all workers or some workers are included in the overall planning scope, corresponding to the insured enterprises, the number of workers included in the social overall planning scope in China is gradually expanding, from the original state-owned and urban collective enterprises to all wage earners;

(3) Types and items of insurance. Generally speaking, pension, unemployment, work injury, medical care and maternity insurance are the basic types of social insurance, and they are also the basic welfare benefits of modern enterprise employees. Especially the old-age insurance and medical insurance, the state has compulsory social co-ordination.

Insurance projects vary according to the level of national economic development and the ability of enterprises to pay fees. In countries and enterprises with strong economic strength, the types and items of insurance are relatively extensive and the level of protection is relatively high. On the contrary, only the basic needs of employees can be guaranteed;

(4) Geographical scope, that is, what level the administrative region as a whole is at. For example, endowment insurance and medical insurance, China has begun to implement provincial social pooling.

According to the principle of overall planning, social insurance costs are borne by different subjects. For example, in China, most of the expenses of pension, unemployment and medical insurance are borne by the state, and a small part are borne by individuals, while industrial injury and maternity insurance are borne by the state;

For non-financial enterprises, the expenses of pension, unemployment and medical insurance are shared by enterprises and employees, while the expenses of industrial injury and maternity insurance are mostly borne by ordinary enterprises, and the specific proportion is stipulated by local governments.

Baidu encyclopedia-social insurance fund