The understanding of provident fund is as follows:
1, the so-called social insurance is now usually said to be five insurances and one gold. The specific five risks refer to endowment insurance, medical insurance, unemployment insurance, maternity insurance and industrial injury insurance; One gold refers to the housing accumulation fund.
2. The housing accumulation fund shall be borne by the specific units and individuals at the rate of 50% respectively, and calculated according to the average annual salary of individuals. The state stipulates that the housing accumulation fund should not be less than 10% of the salary, and the units with good benefits can be higher, and the employees and units should bear 50% respectively, so it is more cost-effective to pay the housing accumulation fund.
3. In terms of five insurances, the contribution ratio of units and individuals is generally 20% for pension insurance units and 8% for individuals; The medical insurance unit bears 6% and the individual bears 2%; The unemployment insurance unit shall bear 2%, and the individual shall bear1; Maternity insurance premium 1% shall be borne by the unit; 0.8% of work-related injury insurance is also borne by the unit, and individual employees do not bear maternity and work-related injury insurance.
Legal basis: Article 18 of the Regulations on the Management of Housing Provident Fund stipulates that the deposit ratio of housing provident fund for employees and units shall not be less than 5% of the average monthly salary of employees in the previous year; Conditional cities can appropriately increase the deposit ratio. The specific deposit ratio shall be drawn up by the Housing Provident Fund Management Committee and submitted to the people's governments of provinces, autonomous regions and municipalities directly under the Central Government for approval after being audited by the people's governments at the corresponding levels.