First of all, the state-managed provident fund is a provident fund system managed by the state. This means that the national government is responsible for formulating provident fund policies, managing provident fund accounts and funds, and supervising the implementation of local governments. The state-managed provident fund is applicable to state-owned enterprises, institutions, organs and other units and employees within the scope of state management.
Secondly, the municipal provident fund is a provident fund system managed by local governments. Local governments formulate and implement provident fund policies and manage provident fund accounts and funds according to local economic conditions and actual needs. The city's provident fund is applicable to private enterprises, foreign-funded enterprises, individual industrial and commercial households and other units and employees within the scope of local management.
In the specific operation, there are some differences between the state-managed provident fund and the municipal-managed provident fund in terms of deposit ratio, deposit base and withdrawal conditions. For example, the deposit ratio of state-managed provident fund is usually 5% for units and 5% for employees, while the deposit ratio of municipal-managed provident fund can be different according to the regulations of local governments.
In addition, due to the different responsibilities and authorities of the state and local governments in provident fund management, there may be differences in policy adjustment, account transfer and fund use between the state-managed provident fund and the municipal-managed provident fund.
In short, state-managed provident fund and municipal-managed provident fund are two different types of provident fund systems, which are managed by the state and local governments respectively. There are some differences between them in management organization, policy formulation and operating procedures. Specific differences may vary from region to region and need to be understood and operated according to local laws and policies.
State-managed provident fund and municipal-managed provident fund are two different provident fund systems. State-managed provident fund is a provident fund system directly managed by the state, while municipal-managed provident fund is a provident fund system managed by local and municipal governments. Their differences are mainly reflected in management institutions, policy implementation and the use of funds. State-managed provident funds usually have more unified and standardized management policies, and the government is more directly involved, while municipal-level managed provident funds are more local and flexible. This difference has different effects on individuals and enterprises, such as loan interest rate, withdrawal conditions and purposes.
To sum up, understanding the differences and effects of the two provident fund systems is helpful for individuals and enterprises to make wise decisions when choosing the provident fund system, so as to maximize the benefits of the provident fund.
Legal basis:
Regulations on the administration of housing provident fund
Chapter III Deposits
Article 15
Units employing employees shall, within 30 days from the date of employment, go to the housing provident fund management center for deposit registration, and go through the formalities for the establishment or transfer of employee housing provident fund accounts. Where a unit terminates the labor relationship with its employees, it shall, within 30 days from the date of termination of the labor relationship, go to the housing provident fund management center for change registration, and go through the formalities of transferring or sealing the employee housing provident fund account.