Provisions of Labor Law on Social Security Payment

1. "Labor Law" Article 72 Sources of funds Social insurance funds shall determine the sources of funds according to the types of insurance, and gradually implement social pooling. Employers and workers must participate in social insurance and pay social insurance premiums according to law. 2. Article 73 of the Labor Law stipulates that workers shall enjoy social insurance benefits according to law under the following circumstances: retirement; Sick and injured; Work-related disability or occupational disease; Unemployment; Fertility. After the death of an employee, his survivors shall enjoy the survivors' allowance according to law. The conditions and standards for workers to enjoy social insurance benefits shall be stipulated by laws and regulations. Social insurance premiums enjoyed by workers must be paid in full and on time. 5. Article 27 of the Regulations on Labor Security Supervision stipulates: "If an employer conceals the total wages or the number of employees when reporting the amount of social insurance premiums that should be paid to the social insurance agency, the administrative department of labor security shall order it to make corrections and impose a fine of more than/kloc-0 and less than 3 times the amount of wages." According to this regulation, the employer's responsibility for not paying or underpaying social insurance premiums is very great. In addition to paying unpaid or underpaid social insurance premiums, the amount of fines is also large. 6. Article 86 of the Social Insurance Law stipulates: "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 within a time limit or make up for it, and from the date of default, an overdue fine of five ten thousandths shall be added daily; If it fails to pay within the time limit, the relevant administrative department shall impose a fine of more than one time and less than three times the amount owed. " The responsibility is relatively reduced. As long as the employer pays in time, the responsibility for late payment is not very heavy. However, compared with the normal payment, it is still an "expensive expenditure".