The latest policy for institutions to pay back social security

New rules for lump-sum payment of social security in 2022:

Individuals who participate in the basic old-age insurance will receive the basic old-age pension on a monthly basis if they have paid a total of fifteen years when they reach the statutory retirement age. Individuals who participate in the basic old-age insurance can pay less than fifteen years when they reach the statutory retirement age. This is closely related to China's social security system. China's social security requires payment for more than 15 years, and retirement can enjoy old-age insurance.

Expiration prescription

According to Article 58 of the Social Insurance Law, the employing unit shall handle the social insurance registration for employees within 30 days from the date of employment. If the social insurance has not been registered, the social insurance agency shall verify the social insurance premium it should pay.

Article 63 If an employer fails to pay social insurance premiums in full and on time, the social insurance premium collection agency shall order it to pay or make up within a time limit. Under normal circumstances, the time limit for paying back insurance depends on the social insurance premium collection agencies and enterprises.