Five components of the social security system

Legal analysis: The social security system consists of the following five components: (a) old-age insurance: i.e., when a worker loses the ability to work due to old age, the worker will be given living expenses during old age, as well as care for his or her livelihood. (b) Unemployment insurance: this means that workers are provided with living expenses and medical care during the period of unemployment, as well as protection measures such as retraining, self-help and job placement. (iii) Work-related injury insurance: that is, compensation for wages and income after a worker is injured at work and temporarily or permanently loses the ability to work, as well as measures to provide medical care and living care for workers injured at work. (d) Medical insurance: this is a measure to protect workers in terms of medical treatment and care during their illnesses. (v) Maternity insurance: i.e., income subsidies and safeguards for female workers during the period of maternity.

Legal basis: Article 14 of the Constitution of the People's Republic of China The State develops the productive forces of society by raising the motivation and technical level of workers, promoting advanced science and technology, perfecting the system of economic management and enterprise management, implementing various forms of socialist responsibility, and improving the organization of labour, so as to continuously raise labour productivity and economic efficiency. The State practises economy and opposes waste. The State rationalizes accumulation and consumption, taking into account the interests of the State, the collective and the individual, and gradually improves the material and cultural life of the people on the basis of developing production. The State establishes and improves a social security system that is commensurate with the level of economic development.