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What are the five insurances and one gold in Shanghai social security?
Five insurances and one fund for employees include work-related injury insurance, unemployment insurance, maternity insurance, basic old-age insurance, basic medical insurance and housing accumulation fund. 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. Housing accumulation fund refers to the long-term housing savings paid by employers and their employees.
Legal objectivity:
People's Republic of China (PRC) social insurance law
Article 2 The state establishes social insurance systems such as basic old-age insurance, basic medical insurance, industrial injury insurance, unemployment insurance and maternity insurance, so as to guarantee citizens' right to receive material assistance from the state and society in accordance with the law in case of old age, illness, industrial injury, unemployment and maternity.
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