Provident fund is a housing security system and a form of monetization of housing distribution. The housing accumulation fund system is an important social security system for housing stipulated by national laws, which is mandatory, mutually supportive and guaranteed. Provident funds can be used for loans to buy a house, rent a house, build a renovated house, pay for major diseases, and withdraw from low-income families. Employee housing provident fund is a mandatory and compulsory personal long-term housing savings fund. Individual employees withhold wages according to a certain proportion every month, and the unit takes out the same amount every month, and the two figures are added and deposited in the employee's personal account. This savings fund belongs to individual employees.

The establishment of employee housing provident fund is to solve the problems of employee housing construction investment fund and individual employees buying houses, building houses and paying new rents. However, this part of the housing provident fund cannot cover the housing rent and may not be listed and circulated. If there is a balance, it can be deposited in the housing reform financial institutions, and it can be used as the employee's individual housing provident fund, and the unit may not use it for other purposes. If the employee's housing has been solved, when he retires, he can take out the principal and interest together and return it to the retired employee.

legal ground

Article 220 of the Civil Procedure Law stipulates: "If the person subjected to execution fails to perform the obligations specified in the legal documents according to the notice of execution, the people's court has the right to seal up, detain, freeze, auction or sell off the property that the person subjected to execution should perform the obligations. However, the necessities of life of the person subjected to execution and his dependents should be retained. " Therefore, to a certain extent, housing provident fund can be enforced.

Article 24 of the Labor Contract Law

In any of the following circumstances, employees may withdraw the storage balance in the employee housing provident fund account:

(a) the purchase, construction, renovation and overhaul of owner-occupied housing;

(2) retirement;

(three) completely lose the ability to work, and terminate the labor relationship with the unit;

(4) Having left the country to settle down;

(5) Repaying the principal and interest of the house purchase loan;

(six) the rent exceeds the prescribed proportion of family wage income. In accordance with the provisions of items (2), (3) and (4) of the preceding paragraph, the employee housing provident fund account shall be cancelled at the same time. If an employee dies or is declared dead, the employee's heirs and legatees may withdraw the storage balance in the employee's housing provident fund account; If there is no heir or legatee, the storage balance in the employee housing provident fund account shall be included in the value-added income of the housing provident fund.