Legal analysis: Social security fund is another name of social pooling insurance fund, and its main businesses include endowment insurance, unemployment insurance, work injury insurance, medical insurance and maternity insurance. From a more authoritative point of view, the social security fund (social insurance fund) is mainly a project run by state government departments to prevent medical and pension problems that citizens may face in the future. It should be noted that social insurance is compulsory by the state, and both individuals and units should participate.

Function of social security fund

1, income compensation function, which can ensure that if a worker suddenly encounters an accident and loses income for a short time or permanently, this function can obtain a certain amount of insurance compensation from some schemes included in the social security plan to resist income loss; 2. Balanced consumption function can make residents make appropriate transfer payment or deferred payment when they consume after earning income, and can maintain the overall balance of residents' income in stages, thus maintaining the overall balance of market supply and demand; 3. Activate the function of capital market. The social security fund mainly meets the long-term payment demand in the future, and a stronger national fund will promote the future economic prosperity; 4. Avoid social risks. The society is constantly developing, and the unknown journey is full of various risks, including illness, old age, unemployment and so on. Therefore, in order to minimize the loss, we must make preparations in advance; 5. Coordinate social equity. Human society is a whole and needs fairness and justice. Economically, national income includes not only primary distribution, but also redistribution. The emergence of social security funds is to better help the weak at the economic level.

Legal basis: National Social Security Fund Regulations

Article 2 The State establishes the National Social Security Fund.

The National Social Security Fund consists of central budget allocation, state-owned capital transfer, fund investment income and other funds raised by the State Council.

Article 3 The national social security fund is the national social security reserve fund, which is used to supplement and adjust social security expenditures such as endowment insurance during the peak period of population aging.

Article 4 The state shall determine and adjust the scale of the national social security fund according to the aging trend of the population and the economic and social development.

The plan for raising and using the national social security fund shall be determined by the State Council.

Article 5 The financial department of the State Council and the social insurance administrative department of the State Council shall be responsible for formulating the measures for the management and operation of the national social security fund, which shall be implemented after being approved by the State Council.

The National Social Security Fund Council is responsible for the management and operation of the national social security fund.