What is the social security financial assistance

In order to encourage employers to recruit unemployed people, and to support unemployed people in self-employment, self-employment and flexible employment, business enterprises and service-oriented enterprises recruiting people holding Re-employment Preferential Certificates, and meeting the conditions stipulated in the Circular, can apply for social security subsidies from the local labor security departments at or above the county level. The specific methods of social security subsidy are in accordance with the Circular of the Ministry of Finance and the Ministry of Labor and Social Security on Issues Related to Further Strengthening the Management of Social Security Subsidies for Employment and Re-employment Funds; "4050" persons holding "Re-employment Preferential Certificates" who are engaged in flexible employment may apply for a certain amount of social security subsidy according to the following procedures Procedures for application 1. Declare employment to the street labor security agencies, and with the Re-employment Preferential Certificate, social insurance payment certificate and other relevant materials, apply for social insurance subsidy to the street labor security agencies; 2. The street labor security agencies verify the employment of the flexibly employed persons, issue a certificate of flexible employment, and apply for social insurance subsidy for them to the local labor security departments at or above the county level; 3. After examination by the labor security department and review by the financial department, the subsidy funds will be paid directly to the person; the standard of social insurance subsidy is calculated according to a certain percentage of the actual social insurance premiums paid by the flexibly employed person. Specific subsidy methods are formulated by provinces, autonomous regions and municipalities directly under the central government in accordance with the Notice on Fund Management.

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