Five components of social security system

Legal analysis: the social security system mainly includes the following five contents: (1) old-age insurance: that is, when workers lose their ability to work due to old age, they are paid living expenses and taken care of in their lives. (2) Unemployment insurance: that is, the payment of living expenses and medical expenses during unemployment, as well as job-changing training, self-help in production, job introduction and other safeguard measures. (3) Work-related injury insurance: that is, it compensates the wages of workers who are injured at work and temporarily or permanently lose their ability to work, and it is also a medical care and life care measure for workers injured at work. (4) Medical insurance: that is, medical and nursing safeguard measures for workers during their illness. (5) Maternity insurance: that is, income subsidies and safeguard measures for female employees during childbirth.

Legal basis: Article 14 of the Constitution of People's Republic of China (PRC) promotes advanced science and technology, improves economic management system and enterprise management system, implements various forms of socialist responsibility system, improves labor organization, continuously improves labor productivity and economic benefits, and develops social productivity. The state practices strict economy and opposes waste. The state rationally arranges accumulation and consumption, taking into account the interests of the state, the collective and the individual, and gradually improves people's material life and cultural life on the basis of developing production. The state establishes and improves a social security system that is commensurate with the level of economic development.