After graduating from college in June, 20 13, Xiao Zhang successfully applied to a large state-owned enterprise as an accountant, which has a perfect social security mechanism and welfare system. It is stipulated that all employees will enjoy "five insurances and one gold" after they formally join the company. After Xiao Zhang joined the company, he will deduct a part from his salary account every month and pay it to the social security fund. Xiao Zhang's concept of "five risks" is very vague. So what does the "five risks" in the above case mean? Are social security funds mixed together? Is it the same all over the country?

Xiao Zhang's confusion and doubt are also common problems of most newly graduated college students. Social security, as the most direct and realistic interest problem related to people's happiness index, has been widely valued by the government and people. The purpose of establishing social insurance fund is to provide basic income security by society when people suffer certain social risks, so as to ensure social stability and coordinated economic and social development. According to Article 64 of the Social Insurance Law, the social insurance fund consists of basic endowment insurance fund, basic medical insurance fund, unemployment insurance fund, industrial injury insurance fund and other social insurance items. The social insurance fund is earmarked for special purposes, and no organization or individual may occupy or misappropriate it. The basic old-age insurance fund will gradually implement national overall planning, and other social insurance funds will gradually implement provincial overall planning. The specific time and steps shall be stipulated by the State Council.

People's Republic of China (PRC) social insurance law

Article 64 Social insurance funds include basic old-age insurance funds, basic medical insurance funds, industrial injury insurance funds, unemployment insurance funds and maternity insurance funds. All social insurance funds shall be accounted for according to the types of social insurance, and a unified national accounting system shall be implemented.

The social insurance fund is earmarked for special purposes, and no organization or individual may occupy or misappropriate it.

The basic old-age insurance fund will gradually implement national overall planning, and other social insurance funds will gradually implement provincial overall planning. The specific time and steps shall be stipulated by the State Council.

Social insurance fund is a protection mechanism to safeguard the legitimate rights and interests of workers, which is clearly stipulated by the state and strictly implemented according to law.