Legal basis: Article 10 of the Social Insurance Law of People's Republic of China (PRC).
Employees shall participate in the basic old-age insurance, and the employer and employees shall jointly pay the basic old-age insurance premium.
Individual industrial and commercial households without employees, part-time employees who have not participated in the basic old-age insurance in the employer and other flexible employees can participate in the basic old-age insurance, and individuals pay the basic old-age insurance premium.
The measures for the endowment insurance of civil servants and staff managed by reference to the Civil Service Law shall be formulated by the State Council.
What is the process of paying social security?
1. The employer needs to apply to the social security agency where the company is located to open an account. The materials required for opening an account include the original or photocopy of the business license and the photocopy with official seal. The social security agency shall fill in two social security declaration forms and affix the official seal, submit relevant materials, and register those that meet the requirements after examination by the social security agency;
2. After the enterprise successfully goes through the registration formalities, the social security business declared within 15 of the current month belongs to the payment record of the current month, and it belongs to the payment record of the next month after 15, and the social security agency collects social security fees from the 20th to the end of each month.
3. Then transfer the social security relationship of employees who have participated in social security before to the social security account of the enterprise, print the payment details in the social security in the first month of social security payment, and then submit only the increase and decrease table of the insured to the social security every month.