Is it worth paying too much social security late fees?

It's a good deal, because you can only continue to enjoy social security if you pay a late fee.

Social security payment will charge a late payment fee, which is 0.5 ‰ of the amount of unpaid loans every day. According to the monthly social security payment, there are two main types: the first is the overdue payment caused by the failure of the unit to pay in full within the specified time, and the second is the number of years when the unit fails to pay the employee's insurance contributions or the individual fails to pay them according to the regulations. First of all, the unit needs to pay a late fee, which is 0.5% from the date when the unit owes money. The second is that the unit fails to purchase social security for employees within 30 days from the date of entry. For example, the company will not pay the insurance premium until three months after joining the company, and the employee's pension and medical insurance for the first three months can be applied by the company. In this way, there will be no late payment fee, and the payment standard is to calculate the payment amount according to the social salary of the previous year. In addition, the payment period of endowment insurance before the individual pays back according to the regulations is the same as that of the unit, and there is no late payment fee.

How to pay endowment insurance is as follows:

1. During the payment period, the insured person can pay the old-age insurance premium of the previous unpaid year; When the insured reaches the pension age, if the payment is less than 15 years, he can pay the pension insurance premium less than 15 years in one lump sum;

2, the annual payment, the payment standard is determined according to the lowest level of the payment standard in the current year, and the payment does not enjoy government subsidies;

3. The insured person who pays the old-age insurance premium carries relevant materials to the community affairs acceptance service center of the township street where the household registration is located to handle the payment procedures;

4. Where the old-age insurance is located at the domicile, the local collection is equal to the fact that the basic old-age insurance relationship is not located at the domicile, but the accumulated payment period in the domicile of the basic old-age insurance relationship exceeds 10 years, and the treatment collection procedures shall be handled there;

5. If the basic old-age insurance relationship is not located at the domicile, and the accumulated payment period in the locality of the basic old-age insurance relationship is less than 10 year, the basic old-age insurance relationship will be transferred back to the original insured place for payment period 10 year to go through the treatment collection procedures;

6. If the basic old-age insurance relationship is not located at the domicile, and the accumulated payment period in each insured place is less than 10 year, the basic old-age insurance relationship and corresponding funds shall be collected at the domicile, and the domicile shall go through the formalities for receiving treatment according to regulations.

I hope the above content can help you. Please consult a professional lawyer if you have any other questions.

Legal basis: Article 86 of People's Republic of China (PRC) Social Insurance Law.

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 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.