What's the use of social security for urban residents?

What's the use of social security for urban residents?

Social security for urban residents is an old-age insurance system for urban residents, aiming at providing certain old-age security for urban residents. Specifically, the role of social security for urban residents includes the following aspects:

1. Providing old-age security: Social security for urban residents includes basic old-age insurance and supplementary old-age insurance. The basic old-age insurance is the minimum old-age security for all urban residents, while the supplementary old-age insurance is established to improve the level of old-age security. By paying the old-age insurance premium, urban residents can receive a monthly pension after reaching retirement age to ensure their basic living needs.

2. Promote social stability: Old-age insurance is an important part of the social security system, which not only provides basic living security for the elderly, but also provides future old-age security for middle-aged people and young people. This helps to alleviate social contradictions and promote social stability.

3. Improve the welfare level of residents: Social security for urban residents also includes medical insurance, unemployment insurance, work injury insurance, etc., providing comprehensive welfare protection for urban residents and improving their quality of life.

To sum up, social security for urban residents has played an active role in providing old-age security, promoting social stability and improving the welfare level of residents.

Legal basis:

Article 2 of the Social Insurance Law of People's Republic of China (PRC) stipulates: "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 case of old age, illness, industrial injury, unemployment and maternity. "

Article 22 of the Law of the People's Republic of China on the Protection of the Rights and Interests of the Elderly stipulates: "The state establishes and improves the old-age insurance system to ensure the basic livelihood of the elderly."