What is the meaning of the three types of social security

1. Pension insurance: It means that after retirement, you will get a pension from the basic pension insurance fund coordinated by the society in order to maintain the basic living expenses and medical expenses. Pension insurance contributions and pension regulations are set by the state, a certain percentage of the salary will be used as the contribution base of the pension insurance, the specific proportion is calculated according to the national coordination.

2. Medical insurance: It refers to the reimbursement or direct payment of a certain percentage of medical and pharmaceutical expenses provided by the state or enterprises to help. The contribution and utilization regulations of medical insurance are also set by the state, which can make up for the shortfall of medical expenses and make them more affordable.

3. Unemployment insurance: It is to obtain a certain amount of unemployment compensation or vocational training expenses from the unemployment insurance fund, which is coordinated by the social fund, after losing a job, to help unemployed people better re-employment. Unemployment insurance contributions and receive regulations are also set by the state, the specific proportion will be adjusted according to different industries and regions. The implementation of unemployment insurance can support units to improve the level of employment security for employees, and promote the development of harmonious labor relations.