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What if Shanghai social security fails to pay the money within the time limit?
Collect late fees and fines. If the employer fails to pay the social insurance premium in full and on time, the social insurance premium collection agency shall order it to pay it 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. Social security, the abbreviation of social insurance, mainly includes basic old-age insurance, basic medical insurance, unemployment insurance, industrial injury insurance and maternity insurance, industrial injury insurance and maternity insurance. Employees themselves do not pay fees, and the expenses are borne by the unit.
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