Provisions on payment of social security for employees

Legal analysis: social insurance agencies and employers can sign agreements with banks or other financial institutions, and entrust banks or other financial institutions to withhold and remit social insurance premiums for employers and their employees according to the collection vouchers issued by social insurance agencies. If the employer fails to pay in full and on time, the social insurance agency shall order it to pay within a time limit, and an overdue fine of 0.5‰ shall be added daily from the date of default. The employer shall not require employees to bear the late payment fee.

Legal basis: Regulations on the Administration of Social Insurance Premium Declaration and Payment.

Article 10 The employing unit shall pay social insurance premiums in one of the following ways within the prescribed time limit with the payment notice issued by the social insurance agency:

(1) Payment to banks or other financial institutions;

(two) other ways agreed with the social insurance agency.

Social insurance agencies and employers can sign agreements with banks or other financial institutions, and entrust banks or other financial institutions to withhold and remit social insurance premiums for employers and their employees according to the collection vouchers issued by social insurance agencies.

Article 11 The social insurance premiums payable by employees shall be withheld and remitted by the employer. No unit or individual may interfere or refuse when the employer performs the obligation of withholding and remitting according to law.

If the employer fails to pay in full and on time, the social insurance agency shall order it to pay within a time limit, and an overdue fine of 0.5‰ shall be added daily from the date of default. The employer shall not require employees to bear the late payment fee.

Article 12 The social insurance premiums collected shall be deposited into the income households of social insurance funds opened by social insurance agencies in accordance with regulations. Social insurance agencies shall, in accordance with the relevant provisions, regularly deposit the funds received into the financial accounts of social insurance funds opened according to law.

Article 13 Social insurance agencies shall, in accordance with the relevant provisions of the state, keep accounts of the social insurance premiums collected according to the amount actually paid by the employer (including the amount withheld and remitted) and the details of the withholding and remitted.

Article 14 The employing unit shall inform the employees themselves of the details of paying social insurance premiums on a monthly basis.

The employing unit shall report to the workers' congress of the unit every year or publish the annual social insurance premium payment of the unit in a prominent position in the residence of the unit, and accept the supervision of the workers.