The main differences between social security paying provident fund and not paying provident fund are as follows:
Payment standard: social security that pays the provident fund needs to pay the housing provident fund at the same time, and social security that does not pay the provident fund does not need to pay. The deposit ratio of housing provident fund is usually 65438+ 0.2% of salary, and the specific ratio may vary according to different regions and policies.
Welfare benefits: Social security workers who pay the provident fund can enjoy preferential policies for housing provident fund loans, and they can use provident fund loans when buying houses, enjoying lower loan interest rates and longer loan terms. In addition, the social security that pays the provident fund can also enjoy the withdrawal policy of the housing provident fund. After meeting certain conditions, you can withdraw the housing provident fund for expenses such as buying houses, renovating houses and renting houses.
Old-age security: The longer you pay old-age insurance in social security, the more pension you receive. However, compared with the social security that pays the provident fund, the social security that does not pay the provident fund receives a relatively small pension.
To sum up:
The main difference between social security paying provident fund and not paying provident fund lies in payment standard, welfare treatment and old-age security. Social security that pays the provident fund can enjoy more welfare policies, but at the same time it also needs to pay more fees. When choosing whether to pay the provident fund, you need to weigh and choose according to your actual situation and needs.
Legal basis:
Article 35 of the Social Insurance Law of People's Republic of China (PRC) stipulates: "The employing unit shall pay the work-related injury insurance premium according to the total wages of its employees and the rate determined by the social insurance agency. Employees shall pay work-related injury insurance premiums in accordance with the proportion of wages stipulated by the state, which shall be withheld and remitted by the employer. "
Article 16 of "Regulations on the Management of Housing Provident Fund in People's Republic of China (PRC)" stipulates: "If a unit hires employees, it shall go through the deposit registration with the housing provident fund management center within 30 days from the date of employment, and go through the formalities for the establishment or transfer of employee housing provident fund accounts. If the unit does not handle the registration of housing provident fund deposit for its employees or the establishment of housing provident fund accounts, the housing provident fund management center shall order it to be handled within a time limit; If it is not handled within the time limit, it will be fined between 6.5438 million yuan and 50,000 yuan. "