What is the monthly social security deduction in Ningbo?

Social security payment time varies from place to place. The social security bureau will generally deduct the social security expenses of the employees of the company this month between the 20th and 25th. In many places, as long as it is not deducted next month, there will be no late payment fee. However, the declaration after 25th cannot guarantee that employees' social security benefits will be enjoyed next month. It is recommended to consult the local social security center.

Legal objectivity:

According to Article 10 of the Social Insurance Law, employees shall participate in the basic old-age insurance, and the employer and employees shall jointly pay the basic old-age insurance premium. Paying social security is a legal obligation. Even if it has been paid for fifteen years before retirement, it should continue to be paid until the employee retires.