Housing provident fund management center is an independent institution directly under the Municipal People's Government, which is not for profit. You can set up branches in qualified counties (cities). The housing provident fund management center and its branches shall implement unified rules and regulations and conduct unified accounting.
The impact of not paying the provident fund is that for those who want to borrow money to buy a house, if they pay the housing provident fund, the interest on taking the provident fund loan is low. Low loan interest will bring convenience to life and solve the economic troubles caused by interest. It doesn't matter if you don't buy a house or pay the provident fund, and it doesn't matter if you buy a house in full.
Housing accumulation fund refers to the long-term housing savings paid by state organs 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 organizations and their employees. It has universality, compulsion, welfare and recyclability.
The housing accumulation fund consists of two parts, one part is paid by the unit where the employee works, and the other part is paid by the individual employee. After the employee's individual deposit is withheld by the unit, it will be deposited into the individual account of the housing provident fund together with the unit deposit. The long-term nature of housing provident fund deposit. Once the housing provident fund system is established, employees must pay it continuously according to the regulations during their employment, and it shall not be suspended or interrupted except for employees' retirement or other specified circumstances. It embodies the stability, unity, standardization and compulsion of housing provident fund.
The housing provident fund management center shall perform the following duties: ① to prepare and implement the collection and use plan of housing provident fund; Responsible for recording the deposit, withdrawal and use of employee housing provident fund; (3) Responsible for the accounting of housing provident fund; (four) to approve the extraction and use of housing provident fund; ⑤ Responsible for maintaining and returning the housing accumulation fund; ⑥ Prepare a report on the implementation of the plan for the collection and use of housing provident fund; ⑦ To undertake other matters decided by the Housing Provident Fund Management Committee.
Legal basis: Regulations on the Management of Housing Provident Fund
Ninth housing provident fund management committee shall perform the following duties in the management of housing provident fund:
(a) according to the relevant laws, regulations and policies, formulate and adjust the specific management measures of housing provident fund, and supervise the implementation;
(two) according to the provisions of article eighteenth of this Ordinance, formulate the specific deposit ratio of housing provident fund;
(three) to determine the maximum loan amount of housing provident fund;
(four) approval of housing provident fund collection and use plan;
(five) to consider the housing provident fund value-added income distribution plan;
(six) to examine and approve the report on the implementation of the plan for the collection and use of housing provident fund.