Do you have to pay late fees for not paying social security on time?

Social security did not pay on time to pay late fees.

According to Article 86 of the Social Insurance Law of the People's Republic of China,

An employer who fails to pay social insurance premiums in full and on time shall be ordered by the social insurance premium collection agency to pay the premiums within a certain period of time or to make up the full amount and shall be charged a late fee of five ten-thousandths of one percent of the total amount of social insurance premiums on a daily basis from the date of the unpaid premiums; and if the premiums are not paid after the expiration of the period of time, a fine not less than one times and not more than three times the amount of unpaid social insurance premiums shall be imposed by the relevant administrative department. fine.

So, the social security did not pay on time to pay late fees.

Example of late payment fee calculation

Late payment fee formula: late payment fee = the amount of arrears of payment × 0.5 ‰ × the number of days of arrears of payment

1. Employer in June 2012 should pay social insurance premiums of 10,000 yuan, to June 30 to the end of the failure to pay the full amount on time, if it comes to pay before July 1, 2012, it should pay 10,005 yuan, if it comes to pay before July 2, 2012, it should pay 10,010 yuan, and so on.

2, an employer on June 15, 2012 to apply for a retroactive payment of April 2012 for an employee's pension insurance premiums, the contribution base of 5,000 yuan, the basic pension insurance premiums payable for 900 yuan, the basic pension insurance premiums payable as of June 15 and late fees for 900 + 900 × 0.5 ‰ × 46 (May 1 to June 15) = 920.7 yuan.

Shenzhen Government Online - Another reminder about late fees for unpaid social insurance premiums

Baidu Encyclopedia - Social Insurance Law of the People's Republic of China