Is the provident fund social security?

1. Housing accumulation fund refers to the housing savings specially used for housing consumption expenditure formed by long-term deposit of state organs, state-owned enterprises, urban collective enterprises, foreign-invested enterprises, urban private enterprises and other urban enterprises, institutions, private non-enterprise units, social organizations and their employees.

2. Social insurance (1) refers to the institutional arrangement that the state raises funds through various channels such as legislation according to the principle of corresponding rights and obligations, and provides material help (including cash subsidies and services) to the insured when he encounters risks such as old age, illness, work injury, unemployment and maternity, so that he can enjoy basic living security and avoid or reduce economic losses.