"Five insurances and one fund" refers to five social insurances and one provident fund. "Five insurances" include endowment insurance, medical insurance, unemployment insurance, industrial injury insurance and maternity insurance. "One gold" refers to the housing accumulation fund. Among them, endowment insurance, medical insurance and unemployment insurance are premiums paid by enterprises and individuals; Industrial injury insurance and maternity insurance are entirely borne by enterprises, and individuals do not need to pay fees. It should be noted here that "five risks" are legal, but "one gold" is not.

20 16 March 23rd "13th Five-Year Plan" outlines the implementation of maternity insurance and basic medical insurance in parallel. This means that with the merger of maternity insurance and basic medical insurance in the future, the familiar "five insurances and one gold" will become "four insurances and one gold". 20 16 12 19 the National People's Congress Standing Committee (NPCSC) deliberated on the relevant draft decision, and proposed to authorize the State Council to temporarily adjust and implement the relevant provisions of the People's Republic of China (PRC) Social Insurance Law in the administrative areas of pilot cities such as Handan City and Kloc-0/2, Hebei Province, and take Handan City and Zhengzhou City as pilot cities to implement the merger of maternity insurance funds. People who participate in medical insurance can enjoy maternity insurance benefits.

The payment amount of five insurances and one gold varies from region to region, and the base is the total wages. Some enterprises pay basic wages and some related subsidies, but some enterprises only pay basic wages, which is against the law. The specific proportion should be consulted with the local labor department.