Why doesn't the company pay endowment insurance in 2020?

If the company fails to pay the endowment insurance in 2020, it may be because the management of the company has financial problems or has violated the law. For more details, please consult relevant departments or professionals.

According to the Social Insurance Law and other laws and regulations, employers should pay social insurance premiums such as endowment insurance for employees to protect their basic social security rights and interests. If the company fails to pay the endowment insurance in 2020, there may be the following reasons: 1. Capital problem: the company's operating and financial situation is not good, so it can't pay the old-age insurance premium on time. 2. Violation of laws and regulations: the company may evade paying social insurance premiums, such as falsely reporting wages, defaulting on social insurance premiums, artificially lowering the payment base, etc. 3. Administrative management problems: such as weak audit by the labor department or lax verification by the tax department. If the company fails to pay employees' pension insurance premiums on time, it will damage employees' pension rights and interests, and may face the risk of punishment and recovery of social insurance premiums.

What should employees do if the company defaults on their social security fees? Once it is found that the company fails to pay social security fees on time, employees should report to the company in time and ask the company to pay social security fees on time; If the company refuses to pay or evades payment, employees are advised to contact the labor inspection department or the recruitment platform to report and safeguard their legitimate rights and interests.

All employing units shall pay social insurance premiums for their employees in accordance with the requirements of relevant laws and regulations to protect their basic social security rights and interests. If the company fails to pay social security fees on time, there may be many reasons, such as financial problems, illegal behavior and so on. Employees are advised to keep abreast of relevant information and consult professionals and relevant departments for handling.

Legal basis:

People's Republic of China (PRC) Social Insurance Law Article 4 Employers and individuals in People's Republic of China (PRC) pay social insurance premiums according to law, and have the right to inquire about payment records and personal rights and interests records, and require social insurance agencies to provide social insurance consultation and other related services. Individuals enjoy social insurance benefits according to law and have the right to supervise the payment of their own units. Article 58 An employing unit shall, within 30 days from the date of employment, apply to the social insurance agency for social insurance registration for its employees. If the social insurance has not been registered, the social insurance agency shall verify the social insurance premium it should pay. Employees-free individual industrial and commercial households who voluntarily participate in social insurance, part-time employees who do not participate in social insurance in the employing unit and other flexible employees shall apply to the social insurance agency for social insurance registration. The state establishes a national unified personal social security number. Personal social security number is a citizen's identity number.