What is the meaning of the five insurance and one pension of social security?

Social security five insurance and one gold refers to the basic social insurance system provided by the state for employees, including pension insurance, medical insurance, work injury insurance, maternity insurance, unemployment insurance and housing fund. These insurances are very crucial for employees, both to protect their basic living needs and to prepare them for their future retirement.

Of these, pension insurance is the most important, basic and common social security program, which mainly involves providing retirement, livelihood protection and other assistance to workers. Medical insurance, on the other hand, can help employees get reasonable medical protection when facing sudden illnesses or accidents. The housing fund, on the other hand, is designed to help employees buy or rent a home, so that their housing problems are basically guaranteed.

Overall, the implementation of the social security system can relieve a lot of social and employment and other pressures for employees and enterprises. For the employees, the social security can help them to get the basic security of life in retirement and other unforeseen moments. For enterprises and the state, these policies can ease the burden on social security, as well as increase the motivation of employees to work and develop a healthy society and economy. Therefore, the establishment of a sound social security five insurance system is extremely important for employees, enterprises and the state.