When did social security become compulsory?

Starting with 1996. 1991June 26th, the State Council issued the "Decision on the Reform of the Old-age Insurance System for Enterprise Employees", which has clearly stipulated that the basic old-age insurance premium paid by an enterprise shall be extracted before tax according to the proportion of the total wages of its employees and the local government, and shall be withheld and remitted by the bank where the enterprise opens an account on a monthly basis.

If the enterprise fails to pay within the time limit, it will be charged a late fee according to the regulations. This makes it clear that the payment of endowment insurance is mandatory. It should be said that the compulsory payment began on June 26th. 1999.

In fact, it is a good thing for ordinary people to pay social security, which belongs to the national welfare policy and can provide us with basic living security including illness, pension, maternity, disability and unemployment. I have always advised people around me that if they have the opportunity to pay social security, they must pay one for themselves.

Why does the company have to buy social security?

1. This is stipulated by the national social security regulations and the labor contract law that employers must purchase social security for employees. According to Article 38 of the Labor Contract Law, if the employer fails to purchase social security for its employees, it is a serious fault of the employer, and the employees can leave their jobs immediately without the consent of the company and ask for financial compensation.

2, talk about the role of social security:

Social security generally includes pension, medical care, work injury, unemployment and maternity.

Among them, after purchasing 15 years, you can enjoy the pension when you reach retirement age, that is, the pension;

Medical treatment, when hospitalized due to illness, at least 70% of medical expenses can be reimbursed;

Work injury, in case of work injury, social security can compensate you according to regulations. Individuals can say that they don't have to pay a penny, but if they don't buy it, the company will delay the compensation for work-related injuries by means, and employees will be more troublesome;

When giving birth, the social security society will give birth allowance, which varies according to whether the birth is natural or difficult. The standards in each region are different, and the need to see a doctor due to postpartum illness can be used to reimburse expenses.

Therefore, buying social security is actually a kind of protection for individuals, especially for old-age care and medical care.

Legal basis:

Interim regulations on the collection and payment of social insurance premiums

Twenty-third payment unit fails to handle the social insurance registration, change of registration or cancellation of registration in accordance with the provisions, or fails to declare the amount of social insurance premiums payable in accordance with the provisions, the administrative department of labor security shall order it to make corrections within a time limit; If the circumstances are serious, the directly responsible person in charge and other directly responsible personnel may be fined more than 5000 yuan 1000 yuan; If the circumstances are particularly serious, the directly responsible person in charge and other directly responsible personnel may be fined not less than 5000 yuan but not more than 65438 yuan but not more than 0,000 yuan.

Article 24 If a payment unit violates laws, administrative regulations and the relevant state provisions on finance, accounting and statistics, forges, alters or intentionally destroys relevant account books and materials, or fails to set up account books, so that the base of social insurance premium payment cannot be determined, it shall be confiscated in accordance with the provisions of Article 10 of these regulations, in addition to administrative punishment, disciplinary punishment and criminal punishment in accordance with the provisions of relevant laws and administrative regulations; If the payment is overdue, the administrative department of labor and social security or the tax authorities shall, in accordance with the provisions of Article 13, decide to impose a late payment fee, and impose a fine of not less than 5,000 yuan but not more than 20,000 yuan on the directly responsible person in charge and other directly responsible personnel.