The minimum wage standard shall not be lower than the minimum wage standard for Wuhan employees in 2020 (central city 1.75 yuan, new city 1.500 yuan). Before June 30, 2020, the units and their employees who registered for deposit in Wuhan Housing Provident Fund Management Center will have a deposit base of 20 19 years' average monthly salary of employees in 2020, with the maximum not exceeding three times the average monthly salary of employees in Wuhan announced by the Municipal Bureau of Statistics (245 10.75 yuan). At present, the proportion of housing provident fund payment in Wuhan is borne by the unit.

Public accumulation fund

1. Provident fund refers to the housing provident fund, which refers to the long-term housing savings paid by state organs, state-owned enterprises, urban collective enterprises, foreign-invested enterprises, urban private enterprises and other urban enterprises, institutions and their employees.

2. The characteristics of housing provident fund:

1) universality, urban workers must pay housing provident fund in accordance with the provisions of the Regulations;

2) Mandatory (policy orientation). Units that fail to register the deposit of housing provident fund or set up housing provident fund accounts for employees may be punished according to the relevant provisions of the Regulations.

3) The interest rate of welfare and housing provident fund loans is lower than that of commercial loans;

4) Repayment: The paid housing accumulation fund will be returned to the individual employee in case of retirement, resignation or total loss of working ability.

Provident fund withdrawal procedure

1. Eligible employees go to the bank where the housing provident fund is opened to collect and fill in the withdrawal application form, and go through the examination and approval formalities with relevant supporting materials.

2. If you buy a self-occupied house, repay the principal and interest of a house loan or rent a house for self-occupation, after the first examination, the bank that opened the account will issue the Registration Certificate of Guangzhou Housing Provident Fund Withdrawal, and then go through the withdrawal formalities with the Registration Certificate of Guangzhou Housing Provident Fund Withdrawal.

3. If the original unit is revoked, dissolved or bankrupt, and the employee housing provident fund is managed by the superior competent department, when the employee withdraws the housing provident fund, the superior competent department shall verify and add an opinion, and go through the audit procedures at the bank with relevant certification materials; If there is no superior competent department and the employee housing provident fund is managed by Guangzhou Housing Provident Fund Management Center, the relevant certification materials shall be submitted to Guangzhou Housing Provident Fund Management Center for review.