According to "Social Insurance Law" and other laws and regulations, employers should pay social insurance fees such as endowment insurance for employees to protect their basic social security rights and interests. If the company fails to pay the old-age insurance in 2020, there may be the following reasons: 1. Capital problem: the company's poor operation and financial situation make it impossible to pay the old-age insurance fees on time. 2. Violation of laws and regulations: The company may evade paying social insurance fees, such as falsely reporting wages, defaulting on social insurance fees, artificially lowering the payment base, etc. 3. Administrative management problems: such as ineffective audit by the labor department or lax verification by the tax department. If the company fails to pay the employees' pension insurance fees on time, it will damage the employees' pension rights and interests, and may face the risk of punishment and recovery of social security fees.
What should employees do if the company defaults on their social security fees? Once it is found that the company fails to pay social security fees on time, employees should promptly report to the company and ask the company to pay social security fees on time; If the company refuses to pay or evades payment, employees are advised to contact the labor inspection department or recruitment platform to report it to protect their legitimate rights and interests.
Every employing unit shall pay the social insurance fees of employees in accordance with the requirements of relevant laws and regulations to protect the basic social security rights and interests of employees. If the company fails to pay social security fees on time, it may involve many reasons, such as financial problems, illegal acts and so on. Employees are advised to keep abreast of relevant information and consult professionals and relevant departments for handling.
Legal basis:
Social Insurance Law of the People's Republic of China Article 4 Employers and individuals in the People's Republic of China and China pay social insurance premiums according to law, and have the right to inquire about payment records and personal rights and interests records, and ask social insurance agencies to provide social insurance consultation and other related services. Individuals enjoy social insurance benefits according to law and have the right to supervise the payment of their own units. Article 58 An employing unit shall, within 30 days from the date of employment, apply to the social insurance agency for social insurance registration for its employees. If the social insurance has not been registered, the social insurance agency shall verify the social insurance premium it should pay. Individual industrial and commercial households without employees who voluntarily participate in social insurance, part-time employees who do not participate in social insurance in the employing unit and other flexible employees shall apply to the social insurance agency for social insurance registration. The state establishes a national unified personal social security number. Personal social security number is a citizen's identity number.