What will happen if you don't pay the social security company?

Companies that fail to pay social security will bear the following consequences:

1. Failing to register or pay social security, the social insurance administrative department shall order it to make corrections within a time limit;

2. If no correction is made within the time limit, the employer and its directly responsible person in charge and other directly responsible personnel shall be fined;

3. The laborer can unilaterally terminate the labor contract and ask the employer to pay economic compensation.

What is the impact of cutting off social security?

1, affecting buying a house: In some places, laws and regulations stipulate that foreign household registration must pay social security for a certain number of years continuously before they are eligible to buy a house. If there is an interruption, the time must be recalculated;

2, affecting medical insurance: a major function of social security is medical insurance. Social security is broken, and the medical insurance card can't be used from the second month. Then if you are sick or hospitalized, you can only pay for your own medical expenses. Because the medical expenses for cutting off social security cannot be reimbursed, social security must not stop;

3. Affect maternity insurance: If the social security is cut off or the social security is less than seven months, then you can't enjoy maternity medical reimbursement and birth check-up. Achieving fertility is also a big expense. If it can be reimbursed, it can greatly reduce the pressure. If one of the spouses has maternity insurance, in this case, it can be reimbursed from the unit;

4. Impact on pension: The Social Insurance Law stipulates that social security must be paid in full 15 years, and less than 15 years to make up 15 years. If social security is paid off, it will have a great impact on old-age care.

To sum up, according to China's specific laws and regulations, if the company fails to pay social security for its employees, it will be corrected by the social insurance administrative department first. If no correction is made within the time limit, the employer shall be fined a certain amount, or the directly responsible person in charge and other directly responsible personnel shall be fined from 500 yuan to 3,000 yuan. It is illegal for enterprises not to buy social security for employees. The law stipulates that it must be purchased within 30 days after the employee joins the company, and it is illegal to exceed it.

Legal basis:

Article 84 of the Social Insurance Law of People's Republic of China (PRC)

If the employer fails to apply for social insurance registration, the social insurance administrative department shall order it to make corrections within a time limit; If no correction is made within the time limit, the employer shall be fined more than one time and less than three times the amount of social insurance premiums payable, and the directly responsible person in charge and other directly responsible personnel shall be fined more than 500 yuan and less than 3,000 yuan.