What does subsidizing social security mean?

Subsidized social security is an economic subsidy provided by the government or relevant institutions to support specific groups or individuals when paying social insurance premiums.

First, the background and significance of subsidized social security

Social insurance system is a kind of social security system provided by the state to protect the basic needs of citizens, such as pension, medical care and unemployment. However, due to differences in personal economic conditions, some low-income or special hardship groups may find it difficult to bear social insurance premiums. In order to make up for this gap, the government or relevant institutions will implement subsidized social security policies to reduce the economic burden of these groups and ensure that they can enjoy social insurance.

Second, the object and way of subsidizing social security.

The objects of subsidizing social security usually include low-income families, the unemployed, the disabled, the elderly and other specific groups. The way of subsidy can be one-time subsidy or regular fixed subsidy, and the specific amount and standard will depend on the policies of different regions. In addition, some policies will also make differentiated subsidies according to factors such as individual payment records and family economic status.

Third, the implementation effect and influence of subsidized social security.

The implementation of subsidized social security policy is of great significance for alleviating the economic pressure of low-income groups and improving the level of social security. It helps to narrow the gap between the rich and the poor and promote social fairness and harmony. At the same time, subsidizing social security can also improve people's enthusiasm for insurance, expand the coverage of social insurance, and further enhance the stability and sustainability of the social security system.

To sum up:

Subsidized social security is an economic subsidy provided by the government or relevant institutions to support specific groups or individuals when paying social insurance premiums. Through the implementation of subsidized social security policy, the economic burden of low-income or extremely poor groups will be reduced and they will be guaranteed to enjoy the protection of social insurance system. The implementation of this policy will help promote social fairness and harmony and improve the level of social security.

Legal basis:

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

Article 17 stipulates:

If an individual who participates in the basic old-age insurance dies due to illness or non-work, his survivors can receive funeral grants and pensions; Persons who have completely lost their ability to work due to illness or non-work-related disability before reaching the statutory retirement age can receive disability allowance. The required funds are paid from the basic old-age insurance fund.

Article 25 provides that:

The state establishes and improves the basic medical insurance system for urban residents. The basic medical insurance for urban residents combines individual contributions with government subsidies. People who enjoy the minimum living guarantee, disabled people who have lost their ability to work, elderly people and minors over 60 years old in low-income families, etc. , subsidized by the government.