What does it mean when social security shows retroactive collection

Social Security back-collection means that each year, after the Social Security base is adjusted, back-collections are made for payments made in previous months. The text or electronic version of the information retained by the retroactive collection is the record of the retroactive collection. The base for social insurance purchases is different every year, and is based on the latest social assessment salary. Every year, after the Labor Bureau announces the latest average social salary in June or July, it is necessary to make adjustments to the base for social insurance contributions.

The employer has not paid or made up the social insurance premiums after the deadline, the social insurance premium collection agency can inquire the bank and other financial institutions about their deposit accounts; and can apply to the relevant administrative departments above the county level to make a decision on the allocation of social insurance premiums, and notify in writing the depositary bank or other financial institutions of the allocation of social insurance premiums. If the balance of an employer's account is less than the amount of social insurance premiums that should be paid, the social insurance premium collection agency may require the employer to provide a guarantee and sign an agreement on deferred payment of premiums. If the employer fails to pay the full amount of social insurance premiums and fails to provide a guarantee, the social insurance premium collection agency may apply to the people's court for the seizure, attachment or auction of the property whose value is equal to the amount of social insurance premiums that should be paid, and use the proceeds of the auction to offset the payment of social insurance premiums.

Social security shows that you can enjoy the retroactive collection is paid?

Social security medical insurance status shows that you can enjoy the retroactive collection means that in some special reasons, you do not have to pay on time. The "retroactive" mark on the payment schedule indicates that the payment was not made on time in the current month; the "eligible for retroactive payment" mark on the health insurance payment schedule indicates that the corresponding month can be counted towards the cumulative calculation of the waiting period for health insurance benefits. In other words, in the event of some special reasons, the Social Security Administration allows residents or organizations to delay the payment of contributions, and the relevant insurance is still valid during the delay period, and the accident can still be compensated by the insurance.

Legal basis: Article 58 of the Social Insurance Law of the People's Republic of China (PRC) states that employers shall apply for social insurance registration with the social insurance agency for their employees within thirty days from the date of employment. If it fails to apply for social insurance registration, the social insurance agency shall approve the social insurance premiums it should pay.