Seven insurances and one gold, what are they?

In other words, endowment insurance, industrial injury insurance, medical insurance, unemployment insurance, housing insurance, transportation insurance, disability insurance, supplementary pension, medical care and education funds constitute the current seven insurances and one gold.

Editorial broadcast of supplementary pension medical education fund

The supplementary medical education fund for the elderly refers to an auxiliary insurance established for employees by enterprises according to their own economic strength and under the implementation policies and conditions stipulated by the state. It is at the second level of the multi-level insurance system, which is guided by the macro of the state and implemented by the internal decision-making of enterprises.

It has both differences and connections with the basic old-age insurance.

The difference is mainly reflected in the level and function of the two insurances, and the connection is mainly reflected in the policies of the two insurances. These levels are interrelated and inseparable. There are three ways to raise funds for supplementary pension medical education: pay-as-you-go system, partial accumulation system and complete accumulation system.

The supplementary endowment medical education fund can be fully borne by the enterprise, or it can be jointly borne by both the enterprise and the employee, and the proportion is determined by the agreement between the employer and the employee. There is generally a board of directors composed of employers and employees in an enterprise, which is responsible for the insurance of the enterprise.