The significance of social security

The significance of social security is great, in simple terms, social security is to make the whole society to have a guaranteed life, the old have a kind, the sick have medical treatment, etc., to buy social insurance can be a good solution and reduce the life of additional expenses, such as retirement without income, sick expenses, work injuries no one to take care of, unemployed without income, etc., according to the ratio of the insurance and the description of the social help to help us get through the difficult times of life, to reduce the unnecessary worries. The first thing is to join the social security system. First of all, joining the social security can solve the problem of workers' pension after retirement. Participated in the pension insurance, as long as the pension insurance payment for 15 years. After retirement, they will be able to receive a monthly pension. This kind of system also ensures the life after retirement of in-service workers, so that they can have a sense of security in their old age. It is of progressive significance both for the country and for individuals. Social security, or social insurance, refers to a social insurance or protection mechanism that helps citizens face certain social risks such as unemployment, illness, accidents, aging, death, etc., or protects basic survival resources such as education and medical care. Social security is often referred to as "five insurance and one gold", specifically five insurance that is: pension insurance, medical insurance, unemployment insurance, industrial injury insurance and maternity insurance; one gold that is: housing provident fund.

Legal Basis: The Law of the People's Republic of China on Social Insurance

Article 4: Employers and individuals within the territory of the People's Republic of China shall, in accordance with the law, pay social insurance premiums and shall have the right to inquire into the records of payment, personal rights and interests, and to request that the social insurance agency provide social insurance consulting and other related services. Individuals enjoy social insurance benefits in accordance with the law, and have the right to supervise the payment of contributions for them by their own units.

Article 5: The people's governments at or above the county level shall incorporate the cause of social insurance into their national economic and social development plans. The State raises funds for social insurance through multiple channels. The people's governments at or above the county level give necessary financial support to the social insurance cause. The state supports social insurance through preferential tax policies.