Calculation formula of social security late payment fee

Generally speaking, the calculation formula of late payment fee for endowment insurance is: supplementary endowment insurance amount × delayed days × two thousandths/five thousandths. That is to say, if the overdue days of the enterprise are 30 days, the total payment of endowment insurance is15,000 yuan, and the collection standard of late payment fee is two thousandths, then the insurance late payment fee is 900 yuan.

Then, the collection standard of late payment fee is 0.5 ‰. If the overdue days of the enterprise are 60 days, and the total payment of endowment insurance is10.5 million yuan, the insurance late payment fee =10.5 million× 60× 5 ‰ = 4,500 yuan. In other words, after the enterprise pays the endowment insurance, it has to pay a late fee of 4,500 yuan to the social security agency.

Legal basis:

Article 16 of the Social Insurance Law of People's Republic of China (PRC) * * * Individuals who participate in the basic old-age insurance will receive the basic old-age pension on a monthly basis if they have paid for fifteen years at the statutory retirement age. Individuals who participate in the basic old-age insurance and pay less than fifteen years when they reach the statutory retirement age can pay for fifteen years and receive the basic pension on a monthly basis; Can also be transferred to the new rural social endowment insurance or urban residents' social endowment insurance, enjoy the corresponding pension insurance benefits in accordance with the provisions of the State Council.