What if the company owes social security for one year?

If the company fails to pay social security, the employee may request to terminate the contract, and the employer shall make compensation, repay the arrears of social security funds and pay the overdue fine. This will lead to the more enterprises do not pay social insurance according to law, the greater the loss and the higher the cost. If the balance of the employer's account is less than the amount of social insurance premium that should be paid, or if the employer fails to pay the social insurance premium in full after the transfer, the social insurance agency may require the employer to provide mortgage or pledge guarantee. After signing a mortgage contract or pledge contract with the employer, the social insurance agency shall sign a deferred payment agreement, and the term of the deferred payment agreement shall not exceed one year. If the employer fails to pay after being ordered to do so, the social insurance agency may apply to the local competent people's court for sealing up, distraining and auctioning the employer's property, and the proceeds from the auction will be used to offset the social insurance premiums and overdue fines that should be paid. If the laborer encounters the employer's malicious default on social security, then the employer must pay the social security late payment fee, and the employer will be forced to deduct the fee for failing to pay the social security. If the balance of the employer's account is less than the amount of social insurance premiums that should be paid, an agreement on deferred payment can be signed, and the longest period of deferred payment is one year.

Legal objectivity:

Interpretation of the application of law to labor dispute cases Article 1 The following disputes between laborers and employers belong to the labor disputes stipulated in Article 2 of the Labor Law. If a party refuses to accept the ruling of the labor dispute arbitration commission and brings a lawsuit to the people's court according to law, the people's court shall accept: (1) the dispute between the laborer and the employer in the process of performing the labor contract; (2) Disputes arising after the laborer and the employer have not concluded a written labor contract but have formed a labor relationship; (3) Disputes arising from claims for pension, medical care, industrial injury insurance benefits and other social insurance premiums with the original employer who has not participated in social overall insurance after retirement.