What the social security system consists of

The main contents of the social security system are old-age insurance, unemployment insurance, work injury insurance, medical insurance, maternity insurance.

The details are as follows:

(a) Old-age insurance: that is, when a worker loses the ability to work due to old age, the worker will be paid living expenses during old age, as well as care for life.

(2) Unemployment insurance: this means the payment of living expenses and medical expenses during the period of unemployment, as well as measures to protect the workers such as vocational training, self-help in production and job placement.

(3) Work-related injury insurance: that is, compensation for wages and income after a worker is injured at work and temporarily or permanently loses the ability to work, as well as medical care and life care measures for workers injured at work.

(4) Medical Insurance: i.e., measures to protect workers in terms of medical treatment and care during their illnesses.

(v) Maternity insurance: i.e., income subsidies and safeguards for female workers during maternity.

What does the contribution base of social security mean?

Social insurance base, referred to as social security base, refers to the social insurance contribution base of an employee in a social security year. It is determined according to the monthly average amount of wages and salaries tax items declared by the employee for personal income tax from January to December of the previous year.