What is social security subsidy?

Social insurance subsidy refers to the government's contribution to the social insurance plan formulated by employees themselves or their employers. This kind of social insurance payment for individuals usually comes from special funds.

Social insurance subsidies include unemployment insurance subsidies and subsidies, accidents and diseases subsidies, old-age subsidies, disability and survivors' pensions, family subsidies, medicines and health care expenses subsidies.

The social insurance subsidy standard is calculated according to the sum of the endowment insurance premium and unemployment insurance premium that the unit should pay for the hired personnel, and the endowment insurance premium and unemployment insurance premium that the individual should pay are still borne by himself.

Extended data:

After re-employment, you can enjoy social insurance subsidies provided by the government.

(1) For laid-off workers from state-owned enterprises, those who hold re-employment concession cards, are employed by service-oriented enterprises, and have signed labor contracts with enterprises for more than three years are entitled to pension insurance and unemployment insurance subsidies paid by the government for a period of three years.

(II) Older unemployed workers (men over 50 years old and women over 40 years old) in state-owned enterprises who hold re-employment concession cards and are employed by public welfare posts developed by their communities will receive pension insurance and unemployment insurance subsidies paid by the government from the date of signing labor contracts.