Consequences of paying social security twice a month

The consequences of paying social security twice a month are as follows:

1. Repeated payment: it doesn't matter if the social security fee is paid for one more month. However, if it is paid for more than one month, repeated payment will form an invalid account, which will not be included in the social security account and will not be refunded.

2. Invalid amount: Some cities will recalculate the time of continuous payment after the social security payment deadline, but some cities will calculate it cumulatively, so you need to consult the local social security department.

3. Non-reimbursement: if the supply is cut off for more than 3 months, even if it is paid back, the hospitalization during this period will not be eligible for medical insurance reimbursement.

4. Shorten the retirement time: If the payment is interrupted for more than 3 months, the retirement time may be shortened.

5. Affect children's education: If the supply is cut off for more than 3 months, it may affect children's schooling.

The social security payment period is stipulated as follows:

1, the cumulative payment period of medical insurance (including the deemed payment period and actual payment period in this city) shall be 30 years for men and 25 years for women;

2. The social insurance plan is organized by the government, forcing a certain group to use part of its income as social insurance tax to form a social insurance fund, from which the insured can obtain fixed income and loss compensation;

3. Pay the basic old-age insurance premium 15 years and the basic medical insurance premium for 20 years in the same city. When retiring, it will be calculated according to the standard of the city where the payment is made;

4 to participate in the basic old-age insurance, individuals who have reached the statutory retirement age and accumulated contributions for fifteen years, receive the basic pension on a monthly basis.

To sum up, if the company fails to pay social insurance premiums in full and on time, it can report to the labor inspection department, human resources and social security bureau and other relevant departments. When reporting, it is recommended to provide relevant evidence materials, such as company social security payment records and employee social security payment details, so that relevant departments can investigate and deal with them.

Legal basis:

Article 16 of People's Republic of China (PRC) Social Insurance Law

Individuals who participate in the basic old-age insurance will receive the basic old-age pension on a monthly basis if they have paid a total of fifteen years when they reach the statutory retirement age.

Individuals who participate in the basic old-age insurance and pay less than fifteen years when they reach the statutory retirement age can pay for fifteen years and receive the basic pension on a monthly basis; Can also be transferred to the new rural social endowment insurance or urban residents' social endowment insurance, enjoy the corresponding pension insurance benefits in accordance with the provisions of the State Council.