The employee welfare funds of public institutions are planned to be withdrawn according to the following proportion standards: 1. Employee Welfare Fund The employee welfare funds of cultural and educational institutions and industrial and transportation institutions shall be withdrawn at 40% of the annual balance of revenue and expenditure.
2. Repair and Purchase Funds The repair and purchase funds of cultural and educational institutions and industrial and transportation institutions shall be withdrawn according to 10% of the enterprise income and operating income.
What's the explanation?