How to pay social security when private enterprises go bankrupt and cancel contracts?

Insurance Bian Xiao helps you answer, and more questions can be answered online.

According to legal procedures and the provisions of the Labor Contract Law, if the employer declares bankruptcy according to law, the labor contract between the employee and the employer will be terminated and the labor relationship will be terminated. In bankruptcy proceedings, enterprises should give priority to paying employees' wages and related social insurance fees.

If wages and insurance are paid in full, social insurance will be replaced by a new employer after the termination of labor relations. If there is no new employer, the employee will pay according to the flexible employment, which has nothing to do with the original employer. Because the employer went bankrupt, the labor contract has been automatically terminated.

There is a policy that needs attention: laid-off workers can suspend social insurance during the period of receiving unemployment insurance benefits, and the continuation will not affect the continuation of the payment period.