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Is employee turnover provident fund transferred out or sealed?
Sealed.

This form will keep the account and amount of the provident fund, but will stop paying; Transfer; Extraction, if you want to work in another city or have no plans to buy a house, you can extract it, but you need to meet the relevant conditions.

After employees leave their jobs, the provident fund should be sealed. If the employee finds a new employer, the original employer should cooperate with the transfer formalities.

Because of leaving your job, your former unit will seal your housing provident fund account. That is to say, your provident fund has been stopped.

If you establish a housing provident fund account in a new unit, you can go through the transfer procedures of the housing provident fund account and transfer the housing provident fund to the account of the new unit.

If the new unit fails to implement or the new unit fails to establish the housing provident fund account, the housing provident fund account of the original unit can be sealed in the original unit or transferred to the centralized storage household in the capital center, and managed by the capital center.

Provident fund transfer can be divided into internal transfer and external transfer.

Internal transfer

Internal transfer of housing provident fund refers to the transfer of employee housing provident fund accounts between different unit accounts in the fund center, and does not involve fund settlement.

External transfer

External transfer refers to the transfer of individual housing provident fund accounts set up by employees in provident fund centers to other provincial and municipal management centers or other sub-centers, and the cancellation of individual accounts. When handling the transfer, the transferring unit must have opened an individual housing provident fund account for the employees.

Legal basis:

"Regulations on the Management of Housing Provident Fund" Article 24 If an employee is under any of the following circumstances, he can withdraw the storage balance in the employee's 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.