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Is provident fund related to social security?

Housing provident fund has nothing to do with social security.

1. Housing provident fund refers to equal contributions from state agencies 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 groups and their employees.

long-term housing savings.

2. Social insurance is a social and economic system that provides income or compensation for people who have lost the ability to work, temporarily lost their jobs, or suffered losses due to health reasons.

The main items of social insurance include pension insurance, medical insurance, unemployment insurance, work-related injury insurance, and maternity insurance.

The social insurance plan is organized by the government and forces a certain group of people to use part of their income as social insurance taxes (fees) to form a social insurance fund. When certain conditions are met, the insured can obtain fixed income or loss compensation from the fund.

, it is a redistribution system whose goal is to ensure the reproduction of material and labor force and social stability.

Payment: 1. According to Article 15 of the "Housing Provident Fund Management Regulations", when a unit hires employees, it must register with the Housing Provident Fund Management Center within 30 days from the date of employment, and handle the establishment or transfer of employee housing provident fund accounts.

formalities.

If a unit terminates the labor relationship with an employee, the unit shall register the change with the Housing Provident Fund Management Center within 30 days from the date of termination of the labor relationship, and handle the transfer or sealing procedures for the employee housing provident fund account.

2. According to Article 72 of the Labor Law, social insurance funds determine the source of funds according to the type of insurance and gradually implement social pooling.

Employers and workers must participate in social insurance and pay social insurance premiums in accordance with the law.

Legal basis: Article 2 of the "Regulations on the Administration of Housing Provident Funds". These regulations apply to the deposit, withdrawal, use, management and supervision of housing provident funds within the territory of the People's Republic of China and the country.

The term “housing provident fund” as mentioned in these Regulations refers to state agencies, state-owned enterprises, urban collective enterprises, foreign-invested enterprises, urban private enterprises and other urban enterprises, institutions, private non-enterprise units, social groups (hereinafter collectively referred to as units) and their employees

Contributions to long-term housing savings.

Article 2 of the "Social Insurance Law" states that the state establishes basic pension insurance, basic medical insurance, work-related injury insurance, unemployment insurance, maternity insurance and other social insurance systems to ensure that citizens comply with the law in the event of old age, illness, work-related injury, unemployment, childbirth, etc.

Society’s right to material assistance.