What does the social security supplementary fund mean?

Social security supplementary fund refers to a government subsidy plan, which aims to make up the deficit by issuing a certain amount of subsidy funds when personal pension or other social security benefits are insufficient. Therefore, the social security supplementary fund can be regarded as a social security plan of the government, which can help more people in need.

According to the policy, those who apply for subsidies must meet certain conditions, such as the income is not higher than a certain standard, and the social security contributions are due. In addition, the amount of subsidies also has a certain range, which is generally balanced according to factors such as location and population density to ensure social equity.

The social security supplementary fund can help those with lower welfare to obtain better social security, and at the same time, it can also alleviate the financial pressure of the government on the welfare security of vulnerable groups. Therefore, the implementation of social security supplementary fund is of positive significance to the whole society, and it is a powerful tool to promote stable economic development and realize social equity.