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What is the local social security fund?

Legal Subjectivity:

Social security funds refer to the funds raised by the state for the purpose of social insurance and are used to pay workers due to temporary or permanent loss of working ability or working opportunities. Enjoy insurance benefits and subsidy funds. Social insurance funds include basic pension insurance funds, basic medical insurance funds, work-related injury insurance funds, unemployment insurance funds and maternity insurance funds. Legal objectivity:

Article 64 of the "Social Insurance Law of the People's Republic of China" Social insurance funds include basic pension insurance funds, basic medical insurance funds, work-related injury insurance funds, unemployment insurance funds and maternity insurance fund. Each social insurance fund shall establish separate accounts according to the types of social insurance insurance, conduct separate accounting, and implement the unified national accounting system. Except for the basic medical insurance fund and the maternity insurance fund, which are jointly established and accounted for, other social insurance funds are accounted for and accounted for separately according to the types of social insurance insurance. Social insurance funds implement the unified national accounting system.