What is the late payment of social security

Legal analysis: social security late payment refers to the employer must pay the social security insurance for the workers on time, if not paid on time, you can make up for the payment, but need to pay a late fee, this late fee is the social security late payment. If an employer fails to pay social insurance premiums in full and on time,

the social insurance premium collection agency shall order the employer to pay the premiums within a certain period of time or to make up for them, and shall charge a late fee of five ten thousandths of a cent per day from the date of non-payment.

Legal basis: The Social Insurance Law of the People's Republic of China Article 63 If an employer fails to pay the social insurance premiums in full and on time, the social insurance premium collection agency shall order the employer to pay the premiums within a certain period of time, or to make up for them. If the employer fails to pay the social insurance premiums in full or on time, the social insurance premium collection agency may inquire into the deposit accounts of banks and other financial institutions; and may apply to the relevant administrative departments at or above the county level] to make a decision on the allocation of social insurance premiums, and notify in writing the depositary banks or other financial institutions of the allocation of social insurance premiums.