What is the function of social security?

Legal analysis: 1. It can stabilize social life; 2. Reallocation can be achieved; 3. It can promote economic development; 4. Buying a car and buying a house in most areas is linked to social security, and it is required to pay social security for a certain number of years before buying a car and buying a house locally; 5. The five major insurances included in social security have their own functions. Old-age insurance can be used to receive retirement pensions and pay funeral expenses and pensions; Medical insurance can reimburse medical expenses and enjoy medical insurance benefits after retirement; Unemployment insurance money can be used to receive unemployment insurance money and medical expenses subsidies after unemployment; Work-related injury insurance can be used to pay work-related injury benefits, living care expenses, disability allowances and disability subsidies. Maternity insurance can be used to receive maternity allowance, maternity grants, maternity medical expenses reimbursement and maternity leave enjoyment.

Legal basis: Article 4 of the Social Insurance Law of People's Republic of China (PRC) * * * Employers and individuals in People's Republic of China (PRC) pay social insurance premiums according to law, and have the right to inquire about payment records and personal rights and interests records, and ask social insurance agencies to provide social insurance consultation and other related services.

Individuals enjoy social insurance benefits according to law and have the right to supervise the payment of their own units.