What does social security do?

The role of social security is as follows:

1. It can stabilize social life;

2. It can redistribute;

3. It can promote economic development;

4. In most areas, the purchase of a car to buy a house is linked to social security and the social security system, which requires that only the payment of a certain period of time before the purchase of a car to buy a house in the local area;

5. Social security contains five major insurance, each with its own role, pension insurance can be used for retirement pension, as well as funeral expenses and pension payments; medical insurance can be used for reimbursement of medical expenses and enjoy medical insurance treatment after retirement; unemployment insurance can be used for unemployment insurance benefits after unemployment, as well as subsidies for medical expenses, etc.; work-related injuries can be used to pay for the cost of treatment of work-related injuries, living care costs, disability benefits and disability allowances, etc.; maternity and childcare benefits and disability allowances, etc. Maternity insurance can be used for receiving maternity allowance, maternity benefits, reimbursement of maternity medical expenses and maternity leave.

Article 1 of the Social Insurance Law of the People's Republic of China

In order to regulate the social insurance relationship, safeguard the lawful rights and interests of citizens in participating in social insurance and enjoying the benefits of social insurance, and enable citizens to ****enjoy the fruits of development, and to promote the harmony and stability of the society, the Law is formulated in accordance with the Constitution.

Article 2 of the Law of the People's Republic of China on Social Insurance

The State establishes a system of social insurance, including basic pension insurance, basic medical insurance, work-related injury insurance, unemployment insurance, and maternity insurance, to safeguard the rights of citizens to receive material assistance from the State and society in accordance with the law in the event of old age, illness, work-related injury, unemployment, or maternity.