What do the two funds in the five insurances and two funds mean?

What do the two “five insurances and two golds” refer to? This is an issue that many netizens are concerned about. Next, the editor of PHP will bring you a detailed introduction to five insurances and two golds. Interested netizens should follow the editor to take a look!

Detailed introduction to the two funds of five insurances and two funds

1. The two funds of five insurances and two funds refer to [housing provident fund] and [Employee Annuity].

2, Housing provident fund is paid jointly by employees and employers and is used by employees when purchasing, renting, repaying loans, or withdrawing funds.

3, Employee Annuity means that the employer pays a certain proportion according to the employee’s length of service and salary level, and is used for the pension security of employees after retirement.

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