Is social security just five insurances and one gold?

Social security is not exactly the same as five insurances and one gold. Social security includes endowment insurance, medical insurance, unemployment insurance, industrial injury insurance and maternity insurance, but does not include housing accumulation fund. Five insurances and one gold include housing accumulation fund, which refers to the long-term housing savings paid by state organs and institutions, state-owned enterprises, urban collective enterprises, foreign-invested enterprises, urban private enterprises and other urban enterprises and their employees.

Social security includes five insurances and one gold. "Five insurances and one gold" refers to five insurances and one gold. Five insurances include endowment insurance, medical insurance, unemployment insurance, industrial injury insurance and maternity insurance. One gold refers to the housing accumulation fund. Among them, endowment insurance, medical insurance and unemployment insurance are premiums paid by enterprises and individuals; Industrial injury insurance and maternity insurance are entirely borne by enterprises, and individuals do not need to pay fees. The payment amount of five insurances and one gold varies from region to region, and the base is the total wages. Some enterprises pay basic wages and some related subsidies, but some enterprises only pay basic wages, which is against the law.

legal ground

Article 2 of People's Republic of China (PRC) Social Insurance Law

The state establishes social insurance systems such as basic old-age insurance, basic medical insurance, industrial injury insurance, unemployment insurance and maternity insurance, so as to guarantee citizens' right to receive material assistance from the state and society in accordance with the law when they are old, sick, injured, unemployed and have children.