What do you mean by social security downsizing?

Social security downsizing is to go through the social security transfer procedures and invest in social security where the current work unit is located.

The employing unit shall, in accordance with the provisions of the Labor Contract Law, reduce the number of employees in the month when the labor contract is dissolved and terminated. If there is a record of arrears during the downsizing, the payer shall pay the arrears before the downsizing. In the case of attrition in the current month, the payer shall apply for attrition in the current month before reporting the social security fee in the current month on June 1- 15 (for retirees, attrition is not subject to this restriction); If you can't apply for downsizing as scheduled, apply for downsizing next month; If the staff reduction is not handled in time, you can apply for a refund next month.

Social insurance refers to a social and economic system that provides income or compensation for people who lose their ability to work, are temporarily unemployed or suffer losses due to health reasons. The main items of social insurance include endowment insurance, medical insurance, unemployment insurance, industrial injury insurance and maternity insurance.

The social insurance plan is organized by the government, forcing a certain group to use part of its income as social insurance tax (fee) to form a social insurance fund. Under certain conditions, the insured can get fixed income or loss compensation from the fund. It is a redistribution system, and its goal is to ensure the reproduction of material and labor and social stability.

Social insurance refers to the system that the state establishes a social insurance fund through legislation to give necessary material help to workers who participate in labor relations when they lose their ability to work or are unemployed. Social insurance is not for profit.

legal ground

People's Republic of China (PRC) social insurance law

Article 6 The State exercises strict supervision over social insurance funds.

The State Council and the people's governments of provinces, autonomous regions and municipalities directly under the Central Government shall establish and improve the supervision and management system of social insurance funds to ensure the safe and effective operation of social insurance funds.

People's governments at or above the county level shall take measures to encourage and support all sectors of society to participate in the supervision of social insurance funds. Article 9 Trade unions shall safeguard the legitimate rights and interests of employees according to law, and have the right to participate in the research on major social insurance issues, participate in the social insurance supervision committee, and supervise matters related to employees' social insurance rights and interests.