Is five insurances and one gold compulsory?

Five insurances and one gold are compulsory. Among the five insurances and one gold, the five insurances refer to endowment insurance, maternity insurance, medical insurance, unemployment insurance and industrial injury insurance. It belongs to the national compulsory insurance, and all units and individuals that establish labor relations must participate.

What are the penalties for not paying social security for employees?

1. If the enterprise fails to pay five insurances and one gold for its employees, it will be charged with high late fees and fines. If an enterprise fails to pay social security for its employees in full and on time, it will be charged a late fee of five ten thousandths, or even a fine of more than three times the unpaid amount 1 times; Those who fail to pay the provident fund within the time limit will be fined 1 1,000 yuan to 50,000 yuan. If the enterprise does not pay social security and provident fund to its employees, and the employees file a lawsuit or arbitration, then the enterprise basically belongs to the losing party;

2, enterprises refused to participate in social insurance losses caused to employees should be compensated. If the enterprise does not participate in social insurance, so that employees can not enjoy social security benefits, then these expenses arising therefrom should be paid by the enterprise. Including: pension, unemployment benefits, maternity allowance, work injury allowance and other expenses. If employees have accidents during their work, they may face huge compensation from enterprises;

3. Enterprises also need to pay economic compensation to employees for several months' wages. If the enterprise fails to pay insurance for employees according to regulations, employees can not only terminate the labor contract at any time, but also demand the enterprise to compensate for economic losses. Enterprises should not only pay back all kinds of insurance for employees, but also pay employees a month's salary every year.

Legal basis: Article 24 of the Regulations on the Administration of Housing Provident Fund.

In any of the following circumstances, the employee may withdraw the storage balance in the employee housing provident fund account:

(a) the purchase, construction, renovation and overhaul of owner-occupied housing;

(2) retirement;

(three) completely lose the ability to work, and terminate the labor relationship with the unit;

(4) Having left the country to settle down;

(5) Repaying the principal and interest of the house purchase loan;

(six) the rent exceeds the prescribed proportion of family wage income.

In accordance with the provisions of items (2), (3) and (4) of the preceding paragraph, the employee housing provident fund account shall be cancelled at the same time.

If an employee dies or is declared dead, the employee's heirs and legatees may withdraw the storage balance in the employee's housing provident fund account; If there is no heir or legatee, the storage balance in the employee housing provident fund account shall be included in the value-added income of the housing provident fund.