What is social security? What's the use?

Legal analysis: for employees, social security is what is usually called "five insurances and one gold". "Five insurances": old-age insurance, medical insurance, unemployment insurance, maternity insurance and industrial injury insurance. "One gold": housing accumulation fund.

Social insurance is a social security system in which the state legislates and the society centrally sets up funds, so that workers can get compensation and help from the state and society in cases of old age, illness, work injury, unemployment and maternity. Social insurance is a basic social policy formulated by the state according to the Constitution. Social insurance has the characteristics of legality, safety, mutual assistance, welfare and sociality. Social insurance is not for profit.

Social insurance has the following five functions:

(a) to ensure the basic livelihood of workers and social stability.

(two) to protect the health of workers and improve the physical quality of workers.

(three) to promote the development of production and ensure the normal operation of the economy.

(four) to serve the society and the grassroots, and to facilitate people's lives.

(five) the implementation of income redistribution, appropriate adjustment of labor distribution, to ensure the basic livelihood of low-income people.

Legal basis: Article 2 of the Social Insurance Law of People's Republic of China (PRC): The state establishes social insurance systems such as basic old-age insurance, basic medical insurance, industrial injury insurance, unemployment insurance and maternity insurance to protect citizens' right to get material help from the state and society in case of old age, illness, industrial injury, unemployment and maternity.

Article 4 of People's Republic of China (PRC) Social Insurance Law: Employers and individuals in People's Republic of China (PRC) pay social insurance premiums according to law, and have the right to inquire about payment records and personal rights and interests records, and ask social insurance agencies to provide social insurance consultation and other related services. Individuals enjoy social insurance benefits according to law and have the right to supervise the payment of their own units.