Full name of Beijing Jiulongshan Social Security

Social security is the full name of social insurance, which is a social and economic system that provides income or compensation to a population that is incapacitated, temporarily out of work, or has suffered a loss due to health reasons. The main programs of social insurance include pension insurance, medical insurance, unemployment insurance, industrial injury insurance, and maternity insurance.

Expanded Information

Five Characteristics of Social Insurance

1. The objective basis of social insurance is the risk that exists in the field of labor, and the subject of insurance is the person of the worker;

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

3. Social insurance is compulsory;

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

5. The insurance fund is derived from the contributions of employers and workers and financial support.

For workers, social security is often referred to as "five insurance and one gold", specifically five insurance, namely: old-age insurance, medical insurance, unemployment insurance, work-related injury insurance and maternity insurance; and one gold, namely: housing provident fund. "Housing fund": specific units and individuals bear the proportion of each bear 50%, that is calculated in accordance with the average annual salary of individuals.

The state regulations are: housing fund is not less than 10% of the salary, good efficiency units can be higher, employees and units each bear 50%.

"Five insurance": according to the employee's salary, the unit and the individual's share of the general is: pension insurance unit bear 21% (non-agricultural households) 14% (agricultural households), the individual to bear 8%; medical insurance unit to bear 8.5%, 2% of the individual; unemployment insurance unit to bear 1%, 1% of the individual; maternity insurance 1% all by the unit; work injury insurance 0.4-1.2% is also all by the unit, the individual employee does not bear maternity and work injury insurance.