Can employees of Shanghai enterprises not pay provident fund when they join the company?

According to China's "Regulations on the Management of Housing Provident Fund", the unit shall pay the housing provident fund in full and on time, and shall not pay it overdue or underpaid.

The "units" in the regulations refer to state organs, state-owned enterprises, urban collective enterprises, foreign-invested enterprises, urban private enterprises and other urban enterprises, institutions, private non-enterprise units and social organizations. This shows that housing provident fund has its universality and compulsion.

Relevant regulations on the deposit ratio: the deposit ratio of employees and unit housing provident fund shall not be less than 5% of the average monthly salary of employees in the previous year. Among them, the monthly deposit of employee housing provident fund is the average monthly salary of employees in the previous year multiplied by the deposit ratio of employee housing provident fund; The monthly deposit amount of housing provident fund paid by the unit for employees is the average monthly salary of employees in the previous year multiplied by the proportion of housing provident fund paid by the unit.

Provisions on the withdrawal of provident fund: employees can withdraw the storage balance in the housing provident fund account under any of the following circumstances: purchase, construction, renovation or overhaul of self-occupied housing; Retired; Completely lose the ability to work and terminate the labor relationship with the unit; Settle abroad; Repay the principal and interest of the house purchase loan; Rent exceeds the prescribed proportion of family wage income.

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.

Extended data

Relevant laws and regulations of Regulations on Housing Provident Fund Management:

Twentieth units shall pay the housing provident fund in full and on time, and shall not pay it overdue or underpaid. Units that have difficulties in depositing housing provident fund shall be discussed and approved by the workers' congress or trade union of the unit and audited by the housing provident fund management center.

Twenty-first employees to withdraw the balance of storage in the housing provident fund account, the unit shall verify, and issue a certificate of extraction. Workers apply to the housing provident fund management center for withdrawal of housing provident fund with the withdrawal certificate.

The housing provident fund management center shall, within 3 days from the date of accepting the application, make a decision on whether to approve or disapprove the withdrawal, and notify the applicant; If the withdrawal is approved, the entrusted bank shall go through the payment procedures.

Baidu encyclopedia-housing accumulation fund

Baidu Encyclopedia-Regulations on the Management of Housing Provident Fund