Shanghai provident fund payment standards are as follows: 1. Employees whose monthly salary income is below the average wage line in Shanghai society (currently about 9,000 yuan/month) shall pay 8% of their monthly salary income to provident fund; 2. Employees whose monthly salary income is below the Shanghai social average salary line
Employees whose monthly salary is more than three times the average wage line (currently about 27,000 yuan/month) shall pay provident fund at 7% of their monthly wage income; 3. Employees whose monthly wage income is between three times and five times the average wage line in Shanghai society
, 6% of the monthly salary income is paid to the provident fund; 4. Employees whose monthly salary income exceeds 5 times the Shanghai social average wage line are paid 5% of the monthly salary income to the provident fund.
The payment conditions of the provident fund are as follows: 1. Participating in the provident fund is a voluntary act of employees. Generally speaking, only employees who are formally employed and have signed a labor contract can participate in the provident fund, and employees are generally required to be over 18 years old; 2. The provident fund is provided by
If employees and employers pay simultaneously, the employee's provident fund contribution rate is generally 8% of the individual's salary, and the employer should contribute 12% of the employee's salary.
However, the specific payment ratio may vary depending on regions and policies; 3. Provident fund payment is mandatory, and employers must pay provident funds for employees in accordance with the law, otherwise they will face corresponding legal liabilities.
To sum up, provident fund policies and payment standards may be different in different regions. For specific regulations, you can consult the local provident fund management department or inquire relevant policy documents.
Legal basis: Article 24 of the "Housing Provident Fund Management Regulations" If an employee has any of the following circumstances, he or she may withdraw the balance in the employee's housing provident fund account: (1) Purchasing, constructing, renovating, or overhauling a self-occupied house; (2)
) Retirement or retirement; (3) Completely losing the ability to work and terminating the labor relationship with the employer; (4) Leaving the country to settle; (5) Repaying the principal and interest of a house purchase loan; (6) The rent exceeding the prescribed proportion of family wage income
.
In accordance with the provisions of items (2), (3) and (4) of the preceding paragraph, when the employee housing provident fund is withdrawn, the employee housing provident fund account shall be canceled at the same time.
If an employee dies or is declared dead, the employee's heirs or legatees can withdraw the balance in the employee's housing provident fund account; if there is no heir or legatee, the balance in the employee's housing provident fund account will be included in the appreciation income of the housing provident fund.