What if social security is paid one day late?

If you buy employee pension insurance, you'd better pay the unpaid premiums and late fees, otherwise the longer the time, the more interest you will collect. If you can't pay the premium for the time being or haven't found a job, you can go through the formalities of stopping paying, and then you don't have to pay the late fee when you apply for supplementary payment.

Introduction to social insurance:

Social insurance refers to a social and economic system that provides income or compensation for people who lose their ability to work, are temporarily unemployed or suffer losses due to health reasons. The main items of social insurance include endowment insurance, medical insurance, unemployment insurance, industrial injury insurance and maternity insurance.

The social insurance plan is organized by the government, forcing a certain group to use part of its income as social insurance tax (fee) to form a social insurance fund. Under certain conditions, the insured can get fixed income or loss compensation from the fund. It is a redistribution system, and its goal is to ensure the reproduction of material and labor and social stability.