the provident fund is about 6 yuan a year.

Provident fund is a housing security system and a form of monetization of housing distribution. The housing provident fund paid by individual employees and the housing provident fund paid by units for them shall be stored in special accounts and owned by individual employees. Housing provident fund is only established in cities and towns, and the housing provident fund system is not established in rural areas.

The benefits and functions of housing provident fund are:

1. Use housing provident fund to pay the late mortgage loan;

2. Use the housing provident fund to pay the rent to relieve the pressure of renting;

3. Use the housing accumulation fund for house decoration;

4. Use the housing accumulation fund for housing renovation or reconstruction;

5. Use the housing provident fund to pay for major diseases and reduce the family burden except for treatment.

The conditions for using the housing provident fund are as follows:

1. No tenants pay the rent;

2. The labor relationship with the unit is terminated or dissolved, and the account has been sealed for more than 6 months or the housing accumulation fund has been suspended for more than 24 months and the account has been sealed;

3. Retired;

4, enjoy the minimum living guarantee;

5. buying, building, renovating or overhauling self-occupied houses;

6. Repaying the principal and interest of the housing mortgage loan.

legal basis: article 16 of the regulations on the administration of housing provident fund

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.