What's the use of social security? Is it good or not?

1. As the name implies, social insurance is a social security system implemented by national laws and government decrees. Its purpose is to ensure that workers can get material help from the state and society when they temporarily or permanently lose their ability to work due to birth, old age, illness, death, injury, disability and unemployment. Obviously, social insurance is an administrative social insurance system enforced by legislation according to the constitution, with finance as the backing, insurance premium surplus as insurance reserve, and losses made up by state financial allocation. In the absence of suspension, the insured has the right to be guaranteed forever.

Second, in terms of economic benefits, if you participate in social insurance, it means that you have benefited. First, individual employees only need to pay 8% of their wages every month, and the unit pays 5% of their wages (it will increase by 1 percentage point in each payment year and remain unchanged after reaching 1 1%), and the state will establish social insurance personal accounts for employees according to 1 1% of their wages (the accounts belong to individuals) Interest tax is not levied, and it is more than bank deposits. Three, the cumulative payment period 15 years or more, to reach the national statutory retirement age, you can apply for a monthly pension. Fourth, with the improvement of social living standards, pensions "only increase, not decrease", so that the life after retirement has a reliable guarantee. The more you pay, the more you enjoy.

Third, from the perspective of social environment, on the one hand, the whole country has formed a general climate to strengthen the social insurance system. From the State Council to the provincial government, "four cases and one regulation" has been issued one after another, which expressly stipulates that qualified personnel must participate, not voluntarily, so it is imperative to participate in social insurance. In the past, some people thought that there was no guarantee for participating in social insurance, and they didn't know whether they could get the money until the day they got it. Now, this kind of worry can be completely eliminated, because the state has comprehensively improved the social insurance mechanism, backed by strong financial strength, to ensure that the insured can enjoy it as scheduled. On the other hand, social insurance is a compulsory social system, an important part of the market economy system and the guarantee of the market economy system. Therefore, all countries in the world, especially developed countries, have generally established a sound social insurance system, and some countries have also included social insurance in the scope of tax collection and strengthened the social insurance system, which is an important measure to meet international standards. On the other hand, the law has further increased the punishment for those who refuse to participate in insurance or pay social insurance premiums, so that there are laws to follow and law enforcement must be strict.

Social insurance refers to the system that the state establishes a social insurance fund through legislation to give necessary material help to workers who participate in labor relations when they lose their ability to work or are unemployed. Social insurance is not for profit.

Five characteristics of social security:

1. The objective basis of social insurance is the risks existing in the labor field, and the insurance standard is the worker himself;

2. The subject of social insurance is specific. Including workers (including their relatives) and employers;

3. Social insurance is compulsory;

4. The purpose of social insurance is to maintain the reproduction of labor force;

5. The insurance fund comes from the payment and financial support of employers and workers.

Insurance coverage is limited to employees, excluding other social members. The insurance coverage is limited to all kinds of risks in labor risks, excluding other risks such as property and economy. (Some companies don't calculate five insurances and one gold according to employees' actual wages, but set another base to calculate and pay. )

Main functions:

1, the function of stabilizing social life

2, the function of redistribution

3. Functions of promoting social and economic development: First, the social insurance system plays an important role as an important tool for demand management, thus playing an active role in the economy. Second, the effective use of social insurance funds can promote sustained economic prosperity.