When is the payment time of social insurance in Beijing?

Legal analysis: For enterprises and individuals, the deduction period is from the 20th of each month to the last day of the month, so it is necessary to deposit enough money in the account paying social security fees before the 20th of each month. Social security is social insurance, including industrial injury insurance, unemployment insurance, maternity insurance, old-age insurance and medical insurance. It is compulsory insurance that enterprises must pay to employees according to the labor law. This is a livelihood insurance, not for profit. Social insurance can provide the most basic insurance protection for employees. The function of social security is: 1. It can stabilize social life; 2. Realizable redistribution; 3. It can promote social and economic development; 4. The five social insurances have their own functions: the old-age insurance can be used to receive pensions after retirement, and the insured can receive funeral expenses and pensions after death; Medical insurance can reimburse medical expenses and enjoy medical insurance benefits after retirement; Unemployment insurance can be mainly used to receive unemployment insurance and medical expenses subsidies; Work-related injury insurance can be mainly used to pay work-related injury benefits, living care expenses, disability allowance and disability allowance. Maternity insurance can be mainly used to pay maternity-related medical expenses, receive maternity allowance and enjoy maternity leave.

Legal basis: Article 23 of the Social Insurance Law of People's Republic of China (PRC), employees shall participate in the basic medical insurance for employees, and the employer and employees shall jointly pay the basic medical insurance premium in accordance with state regulations. Individual industrial and commercial households without employees, part-time employees who have not participated in the basic medical insurance for employees and other flexible employees can participate in the basic medical insurance for employees, and individuals pay the basic medical insurance premium in accordance with state regulations.