Provisions of the Company on Paying Social Insurance

Company's regulations on payment of social security:

1. Payment scope: The company shall pay the social insurance premiums that are not paid in full and on time, including basic old-age insurance, basic medical insurance, work injury insurance and unemployment insurance.

2. Base and proportion of supplementary payment: The company makes supplementary payment according to the specified base and proportion, and the specific base and proportion are determined according to the regulations of different regions and different types of insurance.

3. Late payment fee: If the company fails to pay social insurance premiums in full and on time, it needs to pay late payment fee. The calculation method and standard of overdue fine are determined according to the provisions of relevant laws and regulations.

4. Repayment responsibility: If the employee's social security payment is cut off due to the company's reasons, the employee can ask the company to repay, and the company needs to bear the repayment responsibility. If the employer fails to declare the amount of social insurance premiums that should be paid according to the regulations, the amount that should be paid shall be determined according to 1 10% of the amount paid by the unit last month; After the payment unit completes the declaration procedures, the social insurance fee collection agency shall make settlement in accordance with the provisions.

To sum up, the company requires to pay social security in order to protect the legitimate rights and interests of workers and maintain the normal operation of the social insurance system. If the employer fails to pay the social insurance premium in full and on time, it needs to pay the premium in accordance with relevant laws and regulations and pay the late payment fee.

Legal basis:

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

Article 60

The employing unit shall declare itself and pay social insurance premiums in full and on time, and shall not postpone or reduce the payment except for legal reasons such as force majeure.

The social insurance premiums that employees should pay shall be withheld and remitted by the employer, and the employer shall inform me of the details of paying social insurance premiums on a monthly basis.