After the the State Council executive meeting determines the housing provident fund holdover policy, will it affect employees' application for provident fund loans and repayment? Has the deposit ratio decreased? On the 20th, the Ministry of Housing and Urban-Rural Development gave a clear answer.

The the State Council executive meeting held on June 8th, 65438 determined that enterprises can apply for holdover of housing provident fund before the end of June, during which the provident fund loans that employees can't repay normally due to the epidemic will not be overdue.

However, the above meeting determined that the housing provident fund should be deferred, not unpaid. After the holdover policy expires, do enterprises and employees need to pay back? In addition, after the deferred payment of employee housing provident fund, does it mean that there is a deposit gap, which will affect their application and withdrawal of provident fund loans?

For these public concerns, Ni Hong, Vice Minister of Housing and Urban-Rural Development, gave a clear answer at the press conference of the State Council Office on the 20th:

First, enterprises can apply for deferred payment of housing provident fund before June 30, 2020 according to regulations. During the holdover period, the deposit time should be calculated continuously, which does not affect the normal withdrawal and application of housing provident fund loans for each employee.

Second, housing provident fund loans cannot be repaid normally before June 30, 2020, and employees who need to be isolated or temporarily affected by the epidemic, especially frontline medical personnel and epidemic prevention and control personnel, will not be overdue. At the same time, considering the paid-in employees who are under the pressure of rent payment, the amount of rent withdrawal can be reasonably increased and the withdrawal time can be flexibly arranged.

Third, enterprises in areas where the epidemic situation is more serious and severe can decide to voluntarily pay the provident fund before June 30, 2020 on the premise of full consultation with employees. If you continue to pay, you can independently agree on the deposit ratio; If the payment is stopped, the payment time during the payment period will be calculated continuously, which will not affect the normal withdrawal of housing provident fund and the employees' application for housing provident fund loans.

Prior to this, some experts believed that at present, all kinds of enterprises can temporarily not pay the provident fund, and the burden on enterprises will be reduced. However, the new question is whether the deferred payment of provident fund will affect the rights and interests of the employees concerned. Therefore, it is necessary to study the use of employee provident fund after deferred payment, especially from the perspective of property buyers to protect the rights and interests related to provident fund.

Before the central government introduced the policy, many cities have adjusted the housing provident fund policy. In addition to allowing some enterprises to defer payment, some cities have also lowered the minimum deposit ratio of housing provident fund, even as low as 1%.

According to the regulations, the lower limit of housing provident fund deposit ratio in China is 5%, and the upper limit shall not exceed 12%. The deposit unit can independently determine the proportion of housing provident fund deposit within the upper limit of 5% stipulated by the local government.

The Chengdu Provident Fund Management Center recently issued a notice saying that enterprises with difficulties in production and operation due to the epidemic can apply for reducing the proportion of housing provident fund deposit or delaying payment after being recognized by the competent authorities of the industry. Apply to reduce the proportion of housing provident fund deposit, and choose the proportion of housing provident fund deposit between 1%-4% according to the level lower than the average salary of employees last month or the actual salary of the current period.