What is the relationship between provident fund and social security?

It is to protect people's livelihood and establish a relatively complete social service and security system.

What's the difference between social insurance and housing accumulation fund?

1 has different connotations. Social insurance is referred to as "social security" for short, including medical insurance, endowment insurance, unemployment insurance, industrial injury insurance and maternity insurance. Among them, according to the nature of the household registration (agriculture, non-agriculture) and the location of the household registration (local and foreign), the types of insurance to be insured are also different. Housing provident fund, referred to as "provident fund", can be mainly used for housing loans, housing repairs, decoration and other funds.

2. Payment entities are different. In social insurance, the social insurance paid by individuals is only endowment insurance and medical insurance, and the rest is paid by the unit. Housing provident fund is not compulsory (enterprises can not pay provident fund for employees).

Functions of implementing social insurance system:

1. Stabilize social relations. The productive capacity of social members is different. The old, the weak, the sick, the disabled, the pregnant and the disabled need social help to have a basic life. Social insurance can guarantee their basic living standards, thus preventing the emergence of unstable factors.

2. Ensure social production. Workers are likely to encounter all kinds of accidents in the process of labor, which will not only cause their own economic losses, but also lead to a pause in the process of labor reproduction. When workers encounter the above-mentioned risk accidents, social insurance can give necessary economic compensation and living security, so that the labor force can be restored.

3. Realize social equity. There are some differences among social members in education level and labor ability, which will lead to income gap. The state imposes social insurance premiums and collects them into insurance funds to give economic subsidies to low-income groups or workers who have lost their sources of livelihood, so as to achieve a fair distribution of society to a certain extent.