What is the 4050 social security subsidy policy?

Legal analysis: "4050 policy" refers to the policy of the state to give employment support and social security subsidies to women over 40 years old and men over 50 years old who have poor conditions and no labor skills but are in urgent need of employment and can't find a job. The retirement age stipulated by the state is 60 for men and 50 for women. 4050 refers to flexible employees who have reached the 4050 standard (that is, men are over 50 years old and women are over 40 years old) before 201165438+February 3 1, and can apply for and participate in social insurance subsidies given by the state. Usually the application period is three years, and women are over 45 years old.

Legal basis: People's Republic of China (PRC) Social Insurance Law.

Eleventh basic old-age insurance to implement the combination of social pooling and individual accounts. The basic old-age insurance fund consists of employers, individual contributions and government subsidies.

Article 12 The employing unit shall pay the basic old-age insurance premium according to the proportion of the total wages of employees stipulated by the state and record it in the basic old-age insurance pooling fund. Employees shall pay the basic old-age insurance premium in accordance with the proportion of wages stipulated by the state and record it in their personal accounts. Individual industrial and commercial households without employees, part-time employees who have not participated in the basic old-age insurance in the employing unit and other flexible employees who have participated in the basic old-age insurance shall pay the basic old-age insurance premiums in accordance with state regulations and record them in the basic old-age insurance pooling fund and individual accounts respectively.

Thirteenth employees of state-owned enterprises and institutions to participate in the basic old-age insurance, the basic old-age insurance premiums payable during the payment period shall be borne by the government. When the basic old-age insurance fund is insufficient to pay, the government gives subsidies.