What if social security fails to pay the money within the time limit?

When the payment is made in the reporting period next month, the overdue social security can be paid, but there will be a corresponding late payment fee, and the directly responsible person in charge and other directly responsible personnel will be fined.

The punishment standard is:

1, and a late fee of two thousandths per day will be charged;

2, a fine of 5000 yuan to 20000 yuan.

Social security overdue refers to the situation that social security users stop paying social security accounts due to personal problems. 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.

Social insurance is mainly through raising social insurance funds, coordinating and adjusting social insurance funds within a certain range, and giving necessary help to workers when they encounter labor risks. Social insurance provides basic living security for workers. Workers can enjoy social insurance benefits as long as they meet the conditions for enjoying social insurance, that is, they have established labor relations with employers or paid various social insurance premiums according to regulations. Social insurance is the core content of social security system. The main functions of social security are as follows:

1, the function of stabilizing social life;

2. The function of redistribution;

3. The functions of promoting social and economic development are as follows:

(1) As an important tool of demand management, social insurance system plays an active role in economy;

(2) Effective utilization of social insurance funds can promote sustained economic prosperity;

(3) Social security has become the basic condition for enterprises to recruit talents.

legal ground

People's Republic of China (PRC) social insurance law

Article 86 If an employer fails to pay social insurance premiums in full and on time, the social insurance premium collection agency shall order it to pay within a time limit or make up for it, and from the date of default, an overdue fine of 5/10000 shall be added daily; Failing to pay within the time limit, the relevant administrative departments shall impose a fine of more than one time and less than three times the amount owed.