What does social security mean?

Social security refers to social insurance, which is a safeguard measure for people who lose their ability to work or can't maintain their income. Social security is just a broad term. Specifically, social security includes five kinds of insurance: medical insurance, maternity insurance, old-age insurance, unemployment insurance and work-related injury insurance. When someone encounters these situations, they can protect their personal life to a certain extent through social security.

The specific meaning of social security

Social security is essentially a protective measure for special groups in China. Under special circumstances, part of the income of some labor groups is forced to be included in the security fund to compensate the insured, so as to achieve the purpose of security. Social security can be regarded as a kind of fund. The fund consists of three parts, namely, employee income part and unit subsidy part. Finally, the fund is allocated and undertaken by the China Municipal Government. At the same time, it should be noted that according to China's laws, only those who fulfill their payment obligations and meet the statutory conditions can enjoy the protection provided by social security.