What does it mean to remit social security 27C business?

27C service of social security on behalf of payment refers to service.

Paying social security means that the pension insurance benefits are not paid directly to individuals by the social security bureau. Because the endowment insurance funds are all managed by banks, when they are finally issued, they can directly entrust banks to assist in payment.

When the bank pays wages or other payments, it is the unit or institution that takes the money to the bank to pay.