What is the formula for calculating the late payment of social security retroactive payment

Legal analysis: 1, the amount of late payment for its calculation of late payment is calculated as the monthly social security contributions should be paid multiplied by the number of days in arrears at the same time plus a penalty of five ten thousandths of a penalties, which comes out to be the amount of late payment.

2, the calculation of the number of days of late payment is from the day of late payment to stop counting, deduct the late payment should start to pay the date, plus one day, the result is the number of days of late payment.

3. The number of days from which the late fee is calculated is generally the first day of the second month from the settlement date. The day before the date of generation of the application form for retroactive payment.

Social security is social insurance, including industrial injury insurance, unemployment insurance, maternity insurance, pension insurance, medical insurance, five types of insurance, is the labor law provides that enterprises must pay a mandatory insurance for employees, it is a kind of people's livelihood insurance is not for the purpose of making a profit, social insurance for the workers in the workplace to provide the most basic insurance protection. Social insurance is an important part of the social security system, which is at the core of the whole social security system. In addition, social insurance is a form of contributory social security, financed mainly by employers and workers themselves, with government subsidies and ultimate responsibility. But workers can only enjoy the corresponding social insurance benefits if they fulfill their legal obligation to pay contributions and meet the legal conditions.

Legal basis: The Social Insurance Law of the People's Republic of China

Article 2 The State establishes a social insurance system for basic old-age insurance, basic medical insurance, industrial injury insurance, unemployment insurance, maternity insurance, and other social insurance, and guarantees the right of citizens to obtain material assistance from the State and society in accordance with the law in the event of old age, sickness, industrial injury, unemployment, or maternity.

Article 3 The social insurance system adheres to the policy of broad coverage, basic protection, multi-level and sustainability, and the level of social insurance shall be commensurate with the level of economic and social development.

Article 4 Employers and individuals within the territory of the People's Republic of China*** and the State of China pay social insurance premiums in accordance with the law, and have the right to inquire about the records of payment of premiums and records of the rights and interests of individuals, as well as to demand that the social insurance administration agencies provide social insurance counseling and other related services.

Individuals enjoy social insurance benefits in accordance with the law, and have the right to supervise the payment of contributions for them by their own units.