What if the company that pays social security goes bankrupt?

The solution to the bankruptcy of a company that pays social security is as follows:

After the bankruptcy of the company, the social security of the employees of the company can be paid as flexible employees.

1. According to the regulations, the payment of flexible employees should be applied by himself or approved by the bankruptcy liquidation group through the workers' congress at the end of bankruptcy liquidation.

2. Due to the centralized bankruptcy of state-owned enterprises in this county, there are many unemployed people, the accumulation of unemployment benefits is small, and financial difficulties make it impossible for all unemployed people to enjoy unemployment benefits in time, so the county government decided to enjoy them by stages. Those who have not received unemployment benefits will not be able to enjoy unemployment benefits after re-employment

3. Flexible employees shall pay the fees in time, and the overdue fees shall not be paid after the year. In April this year, Luoyang Municipal Bureau of Human Resources and Social Security paid in full and on time to regulate flexible employees. Those who paid in the past were still paid according to their original units, and they were paid according to flexible employment after changing to flexible employment.

The company that paid social security went bankrupt. The company needs to do the following things:

1, the employer handles the social security transfer procedures for employees;

2. If the employer is declared bankrupt according to law, the labor contract is terminated;

3. If the employer terminates the labor contract with the employee, it shall go through the formalities for the transfer of the relationship between files and social insurance for the employee within fifteen days.

To sum up, in order to prevent a person from establishing labor relations with more than two units, workers must go through the formalities of resignation registration in one unit before they can go through the formalities of employment registration and insurance in the second unit. Many workers want to surrender their insurance, not because they can't find the original unit, but actually they didn't find the unit at all, or they left directly without going through the formalities. In order to prevent these situations, they require workers to provide the original unit certificate before they can surrender their insurance, in fact, in order to protect their own interests from damage.

Legal basis:

Article 50 of People's Republic of China (PRC) Labor Contract Law

The employing unit shall issue a certificate of dissolution or termination of the labor contract at the time of dissolution or termination, and go through the formalities for the transfer of files and social insurance relations for the workers within 15 days.

Laborers shall handle the work handover according to the agreement of both parties. If the employing unit should pay economic compensation to the workers in accordance with the relevant provisions of this law, it should pay it when the work handover is completed.

The employing unit shall keep the text of the dissolved or terminated labor contract for at least two years for future reference.