What does it mean to pay social security?

Supplementary social security refers to the operation of paying and returning social insurance premiums.

In the process of social security payment, due to various reasons, individuals or units may not be able to pay social insurance premiums in full and on time and need to pay them back. At the same time, if it is found that the social insurance premium paid before is wrongly paid, overpaid or underpaid, then it needs to be refunded. Supplementary social security ensures the fairness and sustainability of the social security system and protects the rights and interests of the insured.

The operation process of social security compensation usually involves the following points:

Pay back: If it is found that there are unpaid or unpaid social insurance premiums, the insured units or individuals need to pay back in time. The amount of overdue fine is determined according to the time, insurance and arrears base. After the payment, the insurance record will be updated to ensure continuous payment.

Refund: Insured units or individuals may apply to the social security department for refund if they find that the social security fees paid before are wrong, such as overpaying or underpaying. The refund amount will be calculated and adjusted according to the actual situation.

Time limit: Generally speaking, there is a certain time limit for withdrawing social security. The specific time limit may vary according to different regions and policies, so the insured units or individuals need to understand and abide by the relevant regulations when making up the refund operation.

To sum up, paying social security is the operation of paying and refunding social insurance fees, which ensures the fairness and sustainability of the social security system.

Legal basis:

People's Republic of China (PRC) social insurance law

Article 63

If the employer fails to pay social insurance premiums in full and on time, the social insurance premium collection agency shall order it to pay or make up within a time limit.