what is the supplementary payment of the provident fund

the supplementary payment of the provident fund refers to the supplementary payment of the provident fund that has not been paid in full and on time in the past. Paying back the provident fund is usually aimed at employees who have already paid the provident fund. If their contribution to the provident fund is insufficient in the past, they can make up for this situation by paying back the provident fund.

for the money that needs to be repaid, it is generally necessary to fill in the relevant application form for repayment according to the requirements of the provident fund management institution, and provide relevant supporting documents. These supporting documents may include personal proof of salary and income, a copy of ID card, and the transfer record of the overdue amount. After submitting the relevant application forms and supporting documents, the provident fund management agency will conduct an audit. After the audit is passed, the employees need to pay the supplementary money as required.

To sum up, the supplementary payment of the provident fund is an act of supplementing the provident fund that has not been paid in full and on time in the past. You need to fill in the relevant supplementary application form and submit the relevant supporting documents, and you need to pay the supplementary amount as required after approval.

Legal basis:

Paragraph 2 of Article 13 of the Regulations on the Management of Housing Provident Fund stipulates that the unit shall register the housing provident fund deposit with the housing provident fund management center and go through the formalities for the establishment of housing provident fund accounts for its employees. Each employee can only have one housing provident fund account. Article 16 stipulates that the monthly contribution of employee housing provident fund is the average monthly salary of the employee in the previous year multiplied by the contribution ratio of employee housing provident fund. The monthly deposit amount of the housing provident fund paid by the unit for the employees is the average monthly salary of the employees in the previous year multiplied by the proportion of the housing provident fund paid by the unit. Article 21 stipulates that new employees will pay the housing provident fund from the second month of their employment, and the monthly payment amount is the employee's salary multiplied by the employee's housing provident fund payment ratio. The newly transferred employees of the unit shall pay the housing provident fund from the date when the transferred employees pay their wages, and the monthly deposit amount shall be the employee's monthly salary multiplied by the employee's housing provident fund deposit ratio.