What is the Beijing 4050 policy?

Legal analysis: those who apply for 4050 social security subsidies in Beijing must first report to the community labor security workstation where their household registration is located and provide corresponding information; After the preliminary examination by the labor security workstation, it shall be reported to the Employment Office for examination, and submitted to the municipal finance department for review after passing the examination, and paid directly to the applicant through the designated bank. Three days after the applicant paid the old-age pension and medical insurance in the current year, with his ID card, custody contract and the original payment bill, he went to the social security subsidy acceptance window of the flexible employment personnel of the municipal archives custody center for preliminary examination and received the application form and flexible employment permit. In order to encourage employers to recruit unemployed people, and support unemployed people to find jobs themselves, start their own businesses and find jobs flexibly, commercial enterprises and service enterprises that meet the prescribed conditions may apply for social insurance subsidies to the local labor and social security departments at or above the county level. Specific Measures According to the Notice of the Ministry of Finance and the Ministry of Labor and Social Security on Further Strengthening the Management of Social Security Subsidies for Employment and Re-employment, if the "4050" personnel holding re-employment concession cards are engaged in flexible employment, they can apply for a certain amount of social insurance subsidies according to the following procedures.

Legal basis: Article 2 of the Social Insurance Law of People's Republic of China (PRC) establishes social insurance systems such as basic old-age insurance, basic medical insurance, industrial injury insurance, unemployment insurance and maternity insurance; Safeguard citizens' right to receive material assistance from the state and society according to law in cases of old age, illness, work injury, unemployment and maternity.