Can a company buy social security can not just buy a pension insurance

Can a company buy social security can not just buy a pension insurance.

Social security is a comprehensive social security system, covering a variety of insurance programs, designed to provide comprehensive protection for employees.

I. The Comprehensive Nature of Social Security

Social security, or social insurance, is a comprehensive insurance system that covers a wide range of areas, including pensions, medical care, work-related injuries, unemployment and maternity. These insurance programs are interrelated and ****together constitute a social security network for employees.

II. Limitations of Pension Insurance

Pension insurance is only one component of the social security system, which mainly focuses on the protection of employees' life after retirement. However, employees may also face risks such as medical care, work-related injuries, and unemployment during their working life, which also need to be protected accordingly. If the company only buys pension insurance, then the employees will not be able to get appropriate protection when they face other risks.

Third, the law provides for the comprehensiveness of social security

According to the relevant provisions of the Law of the People's Republic of China on Social Insurance, employers should participate in basic pension insurance, basic medical insurance, work injury insurance, unemployment insurance and maternity insurance for their employees. This means that when a company buys social security for its employees, it must include these five aspects of insurance, rather than choosing only one or several of them.

Four, the risk of a single insurance

If the company only buys pension insurance, then the employees will not be able to get the corresponding protection from the social security system when they suffer from work injury, unemployment or illness. This may not only bring financial pressure to the employees, but also affect their physical and mental health and work motivation.

In summary:

Companies buying social security should not just buy a pension insurance, but should, according to the law, participate in a comprehensive social security system for their employees, including pension, medical care, work injury, unemployment and maternity. In this way, employees can get comprehensive protection during the working period and after retirement, and safeguard their legitimate rights and interests.

Legal basis:

The Social Insurance Law of the People's Republic of China

Article 10 stipulates:

Employees shall take part in basic old-age insurance, basic medical insurance, industrial injury insurance, unemployment insurance and maternity insurance, and shall be required to pay basic old-age insurance premiums, basic medical insurance premiums, industrial injury insurance premiums, unemployment insurance premiums, maternity insurance premiums, and maternity insurance premiums by the employing unit and the employees in accordance with the state regulations***. The employer and employees shall pay basic pension insurance premiums, basic medical insurance premiums, industrial injury insurance premiums, unemployment insurance premiums and maternity insurance premiums in accordance with state regulations.