The term "social insurance fund" as mentioned in these Measures refers to the fund established according to the relevant laws and regulations of national, provincial and municipal social insurance, including basic endowment insurance fund, basic medical insurance fund, work injury insurance fund, unemployment insurance fund and maternity insurance fund. The term "time deposit bank of social insurance fund" as mentioned in these Measures refers to a commercial bank that has obtained the qualification of time deposit of social insurance fund through bidding in accordance with the provisions of these Measures. The person in charge of the Legislative Affairs Office of the State Council recently pointed out that the national social security fund and social insurance fund are not the same fund. The former consists of funds allocated by the central budget, state-owned capital transfer, fund investment income and other ways approved by the State Council, which are used to supplement and adjust social security expenditures such as endowment insurance at the peak of population aging. The latter funds mainly come from the contributions of units and individuals, which are used for the current payment of social insurance benefits such as pension, medical care, work injury, unemployment and maternity. However, there is a close relationship between the two. If the social security fund is the "life-saving money" of ordinary people, then the social security fund is equivalent to the reserve fund of "life-saving money". The regulations clearly stipulate that the national social security fund is the national social security reserve fund.

Legal basis: People's Republic of China (PRC) Social Insurance Law.

Article 4 Employers and individuals who pay social insurance premiums according to law in People's Republic of China (PRC) have the right to inquire about payment records and personal rights and interests records, and ask social insurance agencies to provide social insurance consultation and other related services. Individuals enjoy social insurance benefits according to law and have the right to supervise the payment of their own units.

Fifth people's governments at or above the county level shall incorporate social insurance into the national economic and social development plan. The state raises social insurance funds through multiple channels. People's governments at or above the county level shall give necessary financial support to social insurance. The state supports social insurance through preferential tax policies.