Labor insurance expenses in the construction industry are the classification standards stipulated by the provincial office of building economic quota, which are included in the total project cost with the project budget (decision) and charged to the construction unit with the project price. It is an integral part of the project cost, which used to be mainly used by enterprises to pay pensions for retirees.
Labor insurance fund collection
According to the number of enterprise retirees in various regions, the overall management organization of the Provincial Construction Committee will make a unified and balanced adjustment in the whole province according to the fees, allocate enterprises or competent bureaus and companies through banks on a quarterly basis, and notify the local social insurance management department. All enterprises that have participated in the social pooling of local retirement expenses shall pay the overall expenses to the local social security management department on time and in full according to the provisions of overall planning. If the payment is not made within the time limit, the social security institution has the right to notify the overall management institution of the Construction Committee (Construction Bureau) to stop allocating the labor insurance fund and directly allocate it.
Reference to the above content: Baidu Encyclopedia-Social Planning of Labor Insurance Fund for Construction and Installation Enterprises in Yunnan Province