The national social security fund mainly comes from the central budget, part of the lottery public welfare fund allocation, and the equity transfer of state-owned enterprises. As a reserve fund, you can invest in stocks and funds. The source of the endowment insurance fund is the basic endowment insurance premium paid by enterprises and individual employees and the financial subsidies given by the state, and it is transferred to the special account of the endowment insurance fund opened by the social insurance management institution in the bank.
Extended data:
Notice on establishing the central adjustment system of the basic old-age insurance fund for enterprise employees
Article 1 In order to strengthen the management of the endowment insurance fund for enterprise employees (hereinafter referred to as the fund) and ensure the safe and effective use of the fund, these Provisions are formulated in accordance with the provisions of Article 10 of the Decision of the State Council on the Reform of the Endowment Insurance System for Enterprise Employees that "social insurance management institutions shall establish and improve various systems for fund management in accordance with national policies".
Article 2 The Ministry of Labor shall be responsible for formulating various systems and policies for the management of the endowment insurance fund for employees of enterprises and workers under the labor contract system in government agencies and institutions, and shall supervise and inspect the fund management throughout the country. The local labor administrative departments at all levels shall be responsible for formulating the measures for the implementation of the fund management system in their respective regions, and supervising and inspecting the fund management in their respective regions.
Article 3 The social insurance management institution of the Ministry of Labor shall be responsible for the fund management throughout the country and guide the fund management of local social insurance management institutions at all levels. Local social insurance management institutions at all levels are responsible for the management of funds in their respective regions. The State Council approved the implementation of the overall system of social insurance management institutions responsible for the fund management of the department and the state-owned enterprises directly under the head office.
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