How to pay social security interest?

Interest is calculated on the overdue social insurance according to the bank demand deposit. The benchmark interest rate for demand deposits announced by the People's Bank of China is 0.3%. The start date of calculating the overdue fine is 1 in the second month of the settlement date, and the end date of calculating the overdue fine is the day before the generation date of the generated declaration form. Materials required for social security payment. Different regions have different policies, different materials, different repayment time and different materials. Generally speaking, the earlier the payment is made, the more materials are needed. For the specific required materials, it is recommended to visit the local Human Resources and Social Security Bureau in official website, or call 12333 for human resources and social security consultation. The amount of personal account is calculated according to the one-year deposit interest rate of RMB. The calculation method is that both individual contributions and government subsidies can bear interest, and the interest earned in the current year is also included in the interest of the following year as the balance of personal accounts.

Legal basis:

Article 86 of the Social Insurance Law of People's Republic of China (PRC) City, if the employer fails to pay the social insurance premium in full and on time, the social insurance premium collection agency shall order it to pay it within a time limit or make up for it, and from the date of default, an overdue fine of 5/10000 shall be charged on a daily basis. 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.

Derivative problem:

Who will pay for the old-age insurance?

1. The former permanent workers and labor contract workers, including long-term temporary workers in the plan and temporary workers with urban household registration, failed to participate in the insurance or stopped paying fees after going through formal employment procedures by the human resources and social security departments at or above the county level.

2. Employees are not insured or stop paying fees because of voluntary resignation, dismissal, delisting, and lack of public office after being released from prison. 3 individual industrial and commercial households and urban flexible employment personnel to handle new insurance procedures.

4. Individual industrial and commercial households and urban flexible employees stop paying fees after reaching the statutory retirement age and the payment period is less than 15 years.

5 enterprise employees as flexible employees to participate in the basic old-age insurance.

6. When the insured goes through the transfer and connection procedures, the payment base of the previous year is lower than 60% of the wages of employees in the whole province.