What are the adverse effects of retroactive social security contributions on the company

If a company does not pay social security contributions to its employees, the employer will be ordered to pay the contributions within a certain period of time or to make up for them, and will be charged a late fee of five ten thousandths of a cent per day from the date of non-payment; and the laborer will be affected in the enjoyment of social security benefits.

Article 86 of the Social Insurance Law of the People's Republic of China Employers who fail to pay social insurance premiums in full and on time shall be ordered by the social insurance premium collection agency to pay the premiums within a specified period of time or to make up the full amount and to pay the late fee of five ten-thousandths of a cent per day from the date of non-payment; and if the premiums are not paid after the expiration of the period of non-payment, the employer shall be subject to a fine of not less than one and not more than three times of the amount of unpaid premiums by the relevant administrative department. Fine. Article 84 of the Social Insurance Law of the People's Republic of China If an employer fails to register for social insurance, the administrative department of social insurance shall order it to make corrections within a certain period of time; if it fails to do so, the employer shall be subject to a fine of not less than double and not more than triple the amount of social insurance premiums payable, and the persons in charge and other persons directly responsible for the employer shall be subject to a fine of not less than five hundred yuan and not more than three thousand yuan.