The six aspects of provident fund reform are closely related to you and me.

At the end of 15, the Legislative Affairs Office of the State Council published the Regulations on the Management of Housing Provident Fund (Revised Draft) for public consultation, which was the first revision of the regulations after 13. What are the highlights of the revised draft?

Aspect 1: How to change the "uneven fat and thin" of deposits and avoid the "sky-high provident fund"?

The revised draft clearly states that the deposit base of the provident fund shall not be less than 60% of the average wage of employees in the city where employees live in the previous year, and shall not be higher than 3 times of the average wage. The upper limit of the contribution ratio of units and employees shall not be higher than 12%, and the lower limit shall not be lower than 5%.

Due to the different deposit ratios and deposit bases in different places and industries, the fairness of the provision of going to the provident fund is most questioned. In the original regulations, the bottom line and upper limit of deposit are only stipulated in principle, not mandatory, which leads to a great gap in the deposit of provident fund. Due to the lack of mandatory, the local provident fund deposit ratio is only 5% low and 25% high. The monthly salary base of housing provident fund deposit is also inconsistent. In some places, the basic salary is adopted, while in others, it is the sum of workers' subsidies and wages.

In some places, the base of provident fund payment in state-owned monopoly industries such as electric power and finance is as high as 40,000 to 50,000 yuan, and individuals and units pay a total of 10,000 yuan, while low-income groups such as catering services and labor-intensive industries only have one or two hundred yuan. The gap of provident fund is dozens of times, which aggravates the income distribution gap. Some people expect that the regulations will be strictly enforced after they are revised and passed, so that the "sky-high provident fund" will not reappear.

Aspect 2: the coverage of employees is small, how to benefit more low-income groups?

It is stipulated that individual industrial and commercial households without employees, part-time employees and other flexible employees can deposit housing provident fund and enjoy provident fund loans.

Statistics from the Ministry of Housing and Urban-Rural Development show that by the end of July, 2065438+2005, the national housing provident fund had been paid to employees 1. 1 100 million. According to the data released by the National Bureau of Statistics, at the end of 20 14, there were 393 million urban employees nationwide. Compared with paying the provident fund more or less, it is more unfair to have or not to pay, but unfortunately, most groups who have not paid have low income, few channels to protect their rights and weak game ability, which should be considered by system designers and managers. Cao Zhiwei, a member of the Standing Committee of the Guangzhou Municipal Political Consultative Conference, suggested that employers, especially private enterprises, should be forced to pay housing provident fund for individuals, and compulsory implementation should be considered as social security, so as to truly expand the benefits of the system.

Aspect 3: Value-added benefits frequently "turn private into public". How to protect the rights and interests of depositors?

Delete the provision that the value-added income of housing provident fund is used to build supplementary funds for urban low-rent housing.

The current regulations clearly stipulate that the provident fund belongs to the depositor and is only managed by specialized agencies. But in recent years, there have been many disputes about the use of provident fund income in many parts of the country. 20 13 Wuhan uses the value-added income of provident fund to build public rental housing, which has aroused social concern. Who owns the value-added income of provident fund?

According to the data released by the Guangzhou Municipal Government, since the establishment of the housing provident fund system in Guangzhou in 1992, as of June 20 15, the accumulated value-added income was1271000000 yuan, except for the withdrawal of risk reserve 1989 million yuan and the withdrawal of management fee of 957 million yuan.

The government's "escrow" income "turns private into public". The value-added income turned over to finance for the construction of affordable housing is equivalent to the government taking away the income belonging to some depositors, shifting the responsibility of public services and harming the interests of depositors. In the past two years, the relevant departments have held many meetings to discuss the revision of the provident fund regulations, but many places strongly oppose the deletion of the value-added income of housing provident fund for supplementary funds for affordable housing.

Aspect 4: Personal income can't run away from CPI. How can we not "wait for devaluation"?

Promote the preservation and appreciation of funds. Housing provident fund can be used to purchase high-credit fixed-income products such as treasury bonds, certificates of deposit, local government bonds, policy financial bonds and housing provident fund personal housing loan-backed securities.

In the past, restricted by factors such as narrow investment channels and rising prices, it was difficult to maintain and increase the huge balance of housing provident fund, and personal account income could not escape CPI. The current regulation of value-added income of provident fund is that the part paid for more than one year is calculated at a fixed interest rate of three months, and the part paid for less than one year is calculated at a current interest rate of three months. Based on the current interest rate, the three-month fixed deposit rate implemented by the bank is only about 1%, the provident fund 1 10,000, and the annual interest income is more than 1 10,000, so we can only "wait and see". After the revision of the regulations, the investment channels of the provident fund will be broadened, which is expected to increase the income. By the end of 20 14, the balance of provident fund loans was 2.55 trillion yuan. Some insiders estimate that if the securitization rate of mortgage assets including housing provident fund can reach 50%, it can provide more than 7 trillion yuan of liquidity. However, Han Shitong, vice president of Guangdong Real Estate Research Association, believes that the provident fund management center belongs to the non-bank financial system, and if there is no corresponding strict management system, there may be risks in the future.

Aspect 5: It is difficult to limit more withdrawals. How to make provident fund a real "housing currency"?

In addition to the original purchase and mortgage payment, the housing accumulation fund can also be used for housing consumption such as renting, decoration and paying property fees. At the same time, the materials needed to handle these businesses are simplified, and the time limit for loan processing is reduced from 15 days to 10 days. Where conditions permit, provincial-level pooling of provident funds can be implemented.

In the past, the masses repeatedly complained about the "complicated procedures", "slow arrival" and "many restrictions" in handling provident fund. Some people complain that they can only buy a house, but they can't use the provident fund to rent a house, decorate it or pay property fees. Once the job changes, it is extremely difficult to withdraw and use provident fund loans in different places. An expert close to the revision of the system pointed out that in the past, it was difficult to be universal in different places because the fund management right was in the local government and the loan collection business was in the handling bank. Due to decentralized management, a large amount of funds have been deposited in some places, and some places have to limit the loan amount because of insufficient funds. The system used in different places is not uniform, and the competent department can only report statistical data to other places, so the efficiency of supervision and overall planning is very low and the effect is not good.

Some insiders said that broadening the scope of application of the provident fund and simplifying the use procedures will help the provident fund to truly play its role as a "housing currency" and play its due role. From a management perspective, trillions of funds are currently scattered in hundreds of housing provident fund centers across the country. "No institution can manage it." It is necessary to clarify the direction of reform and formulate a national networking timetable.

(The above answers were published on 20 15- 12-05. Please refer to the actual situation for the current purchase policy. )

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