First, the basic concept of provident fund deposit ratio
Provident fund is a social security system jointly paid by employers and employees, which aims to help employees accumulate housing funds and promote housing consumption and the development of the real estate market. The contribution ratio of provident fund usually includes two parts: the contribution ratio of employers and the contribution ratio of employees, and the sum of these two parts is the total contribution ratio.
Second, the determinants of the proportion of provident fund contributions.
The contribution ratio of provident fund is influenced by many factors, including national or regional laws and regulations, industry regulations, enterprise economic situation, employee income level, etc. Different regions and industries can formulate different policies on the proportion of provident fund deposit according to the actual situation to adapt to their respective economic development and social needs.
Three, the common range of provident fund deposit ratio
In China, the proportion of provident fund payment is usually set in a relatively fixed range. According to relevant policies and regulations, the contribution ratio of employers and employees to the provident fund is generally not less than 5% of the total wages and not higher than 12% of the total wages. The specific payment ratio may vary from region to region and industry, but it generally fluctuates within this range.
Four, the adjustment of the proportion of provident fund payment.
The contribution ratio of provident fund is not static, and may change with the economic situation and policy adjustment of a country or region. For example, in the period of economic prosperity, the government can appropriately increase the proportion of provident fund and increase the accumulation of housing provident fund; In times of economic difficulties, the government can appropriately reduce the proportion of provident fund deposit to reduce the burden on enterprises and employees.
To sum up:
The normal contribution ratio of the provident fund is determined according to the laws, regulations and policies of the country or region where it is located, and is usually shared by the employer and employees. The specific proportion may vary according to regions and industries, but it is generally not less than 5% of the total wages and not more than 12% of the total wages. The contribution ratio of provident fund may change with the economic situation and policy adjustment to meet the needs and development of society.
Legal basis:
Regulations on the administration of housing provident fund
Article 16 stipulates:
The monthly deposit amount of employee housing provident fund is the average monthly salary of employees in the previous year multiplied by the deposit ratio of employee housing provident fund.
The monthly deposit amount of housing provident fund paid by the unit for employees is the average monthly salary of employees in the previous year multiplied by the proportion of housing provident fund paid by the unit.
Regulations on the administration of housing provident fund
Article 18 stipulates:
The deposit ratio of employees and unit housing provident fund shall not be less than 5% of the average monthly salary of employees in the previous year; Conditional cities can appropriately increase the deposit ratio. The specific deposit ratio shall be drawn up by the Housing Provident Fund Management Committee and submitted to the people's governments of provinces, autonomous regions and municipalities directly under the Central Government for approval after being audited by the people's governments at the corresponding levels.