What does the 4050 social security subsidy policy mean?

The 4050 social security subsidy policy means that for women over 40 years old and men over 50 years old, if the conditions are not good, but they are in urgent need of employment and can't find a job, the state will give employment support and pay 60% to 80% less social security fees every year. At the same time, the state will help employment, such as developing public welfare posts and arranging the employment of "4050" personnel.

People's Republic of China (PRC) social insurance law

second

The state establishes social insurance systems such as basic old-age insurance, basic medical insurance, industrial injury insurance, unemployment insurance and maternity insurance, so as to guarantee citizens' right to receive material assistance from the state and society in accordance with the law when they are old, sick, injured, unemployed and have children. Article 16

Individuals who participate in the basic old-age insurance will receive the basic old-age pension on a monthly basis if they have paid a total of fifteen years when they reach the statutory retirement age.

Individuals who participate in the basic old-age insurance and pay less than fifteen years when they reach the statutory retirement age can pay for fifteen years and receive the basic pension on a monthly basis; Can also be transferred to the new rural social endowment insurance or urban residents' social endowment insurance, enjoy the corresponding pension insurance benefits in accordance with the provisions of the State Council.