Social security back pay 20 years late payment formula

Late payment = the amount of unpaid social security contributions × the number of days of late payment × 0.5 ‰. The formula for the 20-year late payment of social security retroactive payment is: late payment = the amount of unpaid social security contributions × the number of days of late payment × 0.5 ‰. The number of late payment days here refers to the number of days between the payment of social security contributions and the settlement date of late payment. Please note that there may be some differences in the formula for calculating the late payment of social security contributions in different provinces and cities. For example, the formula for calculating the late payment of social security contributions in a certain province or city is as follows: Late payment = Amount of late payment × Daily interest rate × Number of days of late payment. The daily interest rate here refers to the daily interest rate of the local tax bureau for the late payment of social security contributions.