What does social security mean?

Social insurance is a social and economic system that provides income or compensation for those who lose their ability to work, are temporarily unemployed or suffer losses due to health reasons. The social insurance plan is organized by the government, forcing a certain group to use part of its income as social insurance tax (fee) to form a social insurance fund. Under certain conditions, the insured can get fixed income or loss compensation from the fund. It is a redistribution system, and its goal is to ensure the reproduction of material and labor and social stability. The main items of social insurance include endowment insurance, medical insurance, unemployment insurance, industrial injury insurance and maternity insurance. Social security is five risks:

1, basic old-age insurance, to ensure that you reach retirement age, you can receive a pension according to the regulations, and cover your basic life in the second half of the year.

2, basic medical insurance, to protect your basic medical care, the vernacular is that you can reimburse medical expenses according to a certain proportion, to ensure that you can cure diseases.

3, unemployment insurance, to ensure that you can receive unemployment benefits in accordance with the regulations, to ensure the most basic needs of life during unemployment, you can also enjoy medical assistance during unemployment, and you can enjoy vocational training and employment training for unemployed people during unemployment.

4. Work-related injury insurance refers to the unit participating in insurance, which guarantees employees' work-related accidents, disability or death with the power of social security, guarantees employees' medical care and receives work-related injury allowance and one-time subsidy, with a high proportion of medical expenses reimbursement.

4, maternity insurance, is to protect the workers' fertility, childbirth, induced labor, ligation, family planning measures and other reimbursable expenses.