Social insurance fund is a special social public fund, which is the economic resource to support various social insurance systems and the material basis for the stable operation of social insurance systems. Social insurance fund is an important part of the whole social security fund. Compulsory fund-raising and individual contributions from enterprises and institutions are the main sources of funds, and government financial support often becomes an important channel for social insurance funds.
The steady management of social insurance fund is the premise to realize the safety and effectiveness of the fund. In view of the nature and characteristics of funds, social insurance funds are generally managed and operated by government departments and qualified institutions entrusted by the government. The social insurance fund in China is managed by the social insurance agency affiliated to the Ministry of Labor and Social Security, which implements territorial management and separate account management.
Second, social insurance.
Social insurance refers to a non-profit social security system with the function of income redistribution. It is a system that forces most members of society to participate in order to prevent and share social risks such as old age, unemployment, illness and death and realize social security.
Social insurance is a social and economic system that provides income or compensation for those who lose their ability to work, are temporarily unemployed or suffer losses due to health reasons.
The social insurance plan is organized by the government, forcing a certain group to use part of its income as social insurance tax (fee) to form a social insurance fund. Under certain conditions, the insured can get fixed income or loss compensation from the fund. It is a redistribution system, and its goal is to ensure the reproduction of material and labor and social stability.
The main items of social insurance include endowment insurance, medical insurance, unemployment insurance, industrial injury insurance and maternity insurance.