First, the deposit ratio is high.
That's because the deposit ratio of the provident fund has a floating range according to the policy. The general deposit ratio is between 5%- 12%. In some areas, the deposit ratio is as high as 20%. Many private enterprises and private enterprises buy provident funds for employees at the lowest ratio, while government agencies usually buy social security for civil servants at the highest contribution ratio.
If the contribution rate of private enterprises to employees is 5%, and that of civil servants is 12%, then it is also 5000 yuan/month. Private enterprises pay 5000 * 5% * 2 = 500 yuan/month, while civil servants pay 5000 * 12% * 2 = 65438.
Second, the deposit base is high.
Civil servants pay the provident fund in full according to their wages, while private enterprises do not pay the provident fund in full, or the deposit base is low, resulting in higher provident fund for civil servants than private enterprises. Some private enterprises, in order to save costs and get higher wages for employees, are often more willing to give money directly to employees instead of paying higher provident fund for employees, because the wages they get are really felt by employees, and the money paid in the provident fund account is not easy to take out. For employees, the money they can't get comes quickly, so employees and enterprises are more inclined to pay the provident fund in full.
Civil servants are different. It is a kind of welfare for civil servants to pay provident fund. The more individuals pay, the more units pay. Full payment is the protection of employees' interests. Therefore, civil servants often pay the provident fund in full according to their actual income, which is essentially different from private enterprises.
To sum up, the high civil service provident fund mainly lies in the high deposit ratio and high deposit base.