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Can two companies pay social security at the same time
Social security is actually what we call social insurance, it is an important part of the social security system. It is a system of income and compensation provided for loss of labor capacity, temporary loss of labor position or loss due to health reasons. Social insurance specifically includes five items such as the basic pension insurance system, the basic medical insurance system, the industrial injury insurance system, the labor injury insurance system, the maternity insurance system, etc., which are collectively known as the five insurance. Social insurance has three main functions:
1. the first one is to stabilize social life;
2. the second one is to redistribute;
3. the third one is to promote social and economic development.
Legal Basis
The Social Insurance Law of the People's Republic of China
Article 58 An employer shall, within thirty days from the date of employment, apply to a social insurance agency for social insurance registration for its employees. If the employer fails to register for social insurance, the social insurance administration organization shall approve the social insurance premiums to be paid by the employer.
Individual industrial and commercial households without employees who voluntarily participate in social insurance, part-time workers who do not participate in social insurance with their employers, and other flexibly employed persons shall apply to the social insurance administrative organization for social insurance registration.
The State establishes a nationally unified individual social security number. Individual social security numbers are citizens' identity numbers. Article 57 An employer shall, within thirty days from the date of its establishment, apply to the local social insurance agency for social insurance registration on the basis of its business license, registration certificate or seal. The social insurance agency shall examine the application within fifteen days from the date of receipt and issue the social insurance registration document.
If the employer's social insurance registration changes or the employer is terminated according to law, the employer shall, within thirty days from the date of change or termination, apply to the social insurance agency for change or cancellation of social insurance registration.
The market supervision and management department, the civil affairs department and the organization and establishment management organs shall promptly notify the social insurance agency of the establishment and termination of the employer, and the public security organs shall promptly notify the social insurance agency of births and deaths, as well as the registration, relocation, and cancellation of household registration of individuals.
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