Who does labor insurance mean?

Labor insurance refers to people protected by labor law.

Labor insurance is social security, and social insurance is a social security system that the state establishes funds through legislation to enable workers to get compensation and help from the state and society in cases of old age, illness, work injury, unemployment and maternity.

Under the socialist system, labor insurance is a basic right that workers obtain after making certain contributions to the country and society. This right is guaranteed by national legislation and is mandatory.

Some long-term benefits of labor insurance, such as retirement pension funds, are raised, paid, adjusted and managed by the whole country or region, and also have the nature of mutual assistance.

Labor protection treatment

Retirement benefits for employees The living security provided by the state and society for employees who are unable to work or lose their ability to work is mainly pension. Workers with a certain length of service can receive long-term pensions from the state or enterprises after retirement.

After retirement, employees receive a pension equivalent to a certain proportion of their original standard salary every month according to their continuous length of service or working years; For workers who are completely disabled due to work, the pension standard is slightly higher, and for those who cannot take care of themselves and need help, a certain amount of nursing expenses are also given.

Workers who have made special contributions to the revolution and construction can enjoy generous retirement benefits after retirement. In order to ensure the basic livelihood of retirees, the state has stipulated the minimum amount of pension. Retirees also enjoy welfare benefits such as price subsidies, free medical care, resettlement subsidies and funeral pensions.