Housing accumulation fund refers to the long-term housing savings paid by state organs and institutions, state-owned enterprises, urban collective enterprises, foreign-invested enterprises, urban private enterprises and other urban enterprises and institutions, private non-enterprise units, social organizations and their employees. The characteristics of housing provident fund mainly include the following points:
1, universal, urban workers, regardless of the nature of their work units, family income, whether or not they own housing, must pay the housing provident fund;
2, mandatory (policy), the unit does not apply for housing provident fund deposit registration or does not set up housing provident fund accounts for its employees, the housing provident fund management center has the right to order it to handle within a time limit, if it fails to handle it within the time limit, it can be punished and can apply to the people's court for compulsory execution;
3. Welfare: In addition to the housing provident fund paid by employees, the unit should also pay a certain amount for employees, and the interest rate of housing provident fund loans is lower than that of commercial loans;
4. Repayment method: the employee retires, resigns or completely loses the ability to work, terminates the labor relationship with the unit, moves out of the household registration or settles abroad, etc. , the paid housing provident fund will be returned to the individual employees.
legal ground
Regulations on the administration of housing provident fund
Ninth housing provident fund management committee shall perform the following duties in the management of housing provident fund:
(a) according to the relevant laws, regulations and policies, formulate and adjust the specific management measures of housing provident fund, and supervise the implementation;
(two) according to the provisions of article eighteenth of this Ordinance, formulate the specific deposit ratio of housing provident fund;
(three) to determine the maximum loan amount of housing provident fund;
To examine and approve the plan for the collection and use of housing provident fund;
(five) to consider the housing provident fund value-added income distribution plan;
(six) to review and approve the report on the implementation of the plan for the collection and use of housing provident fund. Article 10 The cities where the people's governments of municipalities directly under the central government, provinces and autonomous regions are located and other cities divided into districts shall set up housing provident fund management centers in accordance with the principle of streamlining and high efficiency, and be responsible for the management and operation of housing provident fund. County does not set up housing provident fund management center. The housing provident fund management center specified in the preceding paragraph may set up branches in qualified counties. The housing provident fund management center and its branches shall implement unified rules and regulations and conduct unified accounting. Housing provident fund management center is an independent institution directly under the city people's government, not for profit.