What is the full name of Social Security?

The full name of social security is "social insurance".

Social security is a popular abbreviation for social insurance or social security mechanism, which refers to a social and economic system that provides income or compensation for people who are incapacitated, temporarily out of work, or have suffered a loss of health. Social security mainly consists of five major types of insurance, namely, pension insurance, medical insurance, unemployment insurance, industrial injury insurance and maternity insurance.

The benefits of paying social security are as follows:

1. Basic life protection: Social security can provide basic life protection in case of old age, illness, unemployment, work injury and maternity of an individual.

2. Reducing economic pressure: Social security can reduce the economic pressure on individuals and families.

3, promote employment stability: social security also plays an important role in promoting employment stability.

4, improve the quality of life: with the protection of social security, people can spend and invest with greater confidence, thus improving the quality of life.

5, enjoy policy benefits: in some big cities, social security is closely related to the purchase of housing and settlement.

In summary, it is designed to help participants diversify and avoid dangers and losses in their lives, thus safeguarding their basic living needs.

Legal basis:

The Social Insurance Law of the People's Republic of China

Article 2

Employers and individuals pay social insurance premiums in accordance with the law. The State establishes a system of social insurance, including basic pension insurance, basic medical insurance, industrial injury insurance, unemployment insurance, and maternity insurance, to safeguard the right of citizens to obtain material assistance from the State and society in accordance with the law in the event of old age, sickness, industrial injury, unemployment, or childbirth.