What will happen if the annual inspection of enterprise social security fails?

The social insurance fee collection agency shall order it to pay within a time limit or make up for it, and from the date of default, it shall charge a late fee of 5/10000 per day.

People's Republic of China (PRC) Social Insurance Law;

Article 86 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 5/10000 shall be added daily; Failing to pay within the time limit, the relevant administrative departments shall impose a fine of more than one time and less than three times the amount owed.

Failure to pay social security fees for overdue materials will be strictly bound by the rule of law. The frequent occurrence of "enforcement cases" in various places will form a powerful deterrent, and at the same time, it shows that it has become a bad habit for enterprises not to pay social security funds. It is time to take heavy drugs and make heavy punches.

As an important part of the social security system, the endowment insurance paid by enterprises and employees is not only an important institutional guarantee to ensure the stable and healthy operation of the market economy system, but also the cornerstone to maintain the social stability of the elderly.

Whether the old-age insurance system can give full play to its security function lies in whether the premium can be collected in full and on time. However, the phenomenon that some enterprises don't pay the endowment insurance premium for a long time has become a big problem to be solved urgently in the construction of endowment insurance system.

Baidu Encyclopedia-People's Republic of China (PRC) Social Insurance Law

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