What does the labor insurance pooling fund mean? Do you mean the social insurance fund?
Labor insurance pooling fund is different from social insurance fund. Before 1969, the labor insurance co-ordination organization carried out the activities of unified collection, adjustment, distribution and management of labor insurance benefits for enterprise employees, so as to ensure that employees can get basic living security when they temporarily or permanently lose their ability to work, and to avoid enterprises being affected by changes in economic benefits. The labor insurance co-ordination fund is paid by enterprises at 3% of the total wages, and is uniformly allocated and used by the All-China Federation of Trade Unions. 1969, cancel the labor pooling fund and reimburse the non-operating expenses of the enterprise. At present, social insurance is managed by social insurance institutions, and its source of funds is paid by enterprises and individual employees. And establish a social security system by legislation to ensure that all workers have a sense of security and medical care.