What's the use of the company's social security?

The social security paid by the company has the following purposes: 1. Old-age insurance: After paying the old-age insurance, men aged 60 and women aged 55 can start to receive the old-age pension (except for special posts). 2. Medical insurance: Medical treatment in hospitals that support medical insurance can be reimbursed, and the reimbursement ratio of each hospital is different. 3. Maternity insurance: when giving birth to a child, you can reimburse the birth check-up and production expenses and apply for subsidies. 4. Unemployment insurance: during unemployment, you can receive a basic security fee, and the time limit for receiving it varies according to the payment time. 5. Work-related injury insurance: The state and society will provide material assistance to workers who suffer accidental injuries or lose their ability to work at work or under specified special circumstances. Article 27 of the Social Insurance Law: If an individual who participates in the basic medical insurance for employees reaches the statutory retirement age and the accumulated payment reaches the number of years stipulated by the state, he will not pay the basic medical insurance premium after retirement and enjoy the basic medical insurance benefits according to the state regulations; Those who have not reached the fixed number of years prescribed by the state may pay the fees to the fixed number of years prescribed by the state.

Legal objectivity:

People's Republic of China (PRC) Social Insurance Law Article 2 The state establishes social insurance systems such as basic old-age insurance, basic medical insurance, industrial injury insurance, unemployment insurance and maternity insurance to protect citizens' right to get material help from the state and society in the event of old age, illness, industrial injury, unemployment and maternity. "Regulations on the Management of Housing Provident Fund" Article 2 These Regulations shall apply to the deposit, withdrawal, use, management and supervision of housing provident fund in People's Republic of China (PRC). The term "housing accumulation fund" as mentioned in these Regulations refers to the long-term housing savings paid by state organs, state-owned enterprises, urban collective enterprises, foreign-invested enterprises, urban private enterprises and other urban enterprises, institutions, private non-enterprise units and social organizations (hereinafter referred to as units) and their employees.