Upper limit of deposit base of Ningbo provident fund

The upper limit of Ningbo provident fund deposit base is adjusted regularly according to the local economic and social development and the income of employees. The specific implementation standards refer to the notice issued by Ningbo Human Resources and Social Security Bureau.

Provident fund is the statutory welfare of employees and a long-term saving method for employees. According to the relevant national laws, regulations and policies, the base of employees' provident fund deposit should be within a certain range and not exceed the local maximum. As a city with rapid economic development, Ningbo also needs to adjust the upper limit of the deposit base of provident fund. According to the notice issued by Ningbo Human Resources and Social Security Bureau, the upper limit of Ningbo provident fund deposit base is adjusted regularly according to the local economic and social development and the income of employees. The specific implementation standard is: the monthly deposit base of employers and employees shall not exceed 3 times the average monthly salary of local employees, and the current figure is 26 154 yuan per month. In addition, it should be noted that Ningbo has also stipulated the minimum standard for the deposit base of provident fund. According to the notice issued by Ningbo Human Resources and Social Security Bureau, employers and employees should pay no less than 60% of the average monthly salary of local employees. In short, the adjustment of the upper limit of the deposit base of Ningbo provident fund has been carefully studied and demonstrated, aiming at better protecting the rights and interests of employees, and it also needs the joint compliance of employers and employees.

What is the deposit ratio of Ningbo provident fund? According to the Implementation Measures for Implementing the Provident Fund System in Ningbo City, the proportion of provident fund contributions by employers and employees in Ningbo City is generally 1: 1, that is to say, employers and employees each pay half of the provident fund contribution base.

The adjustment of the upper limit of Ningbo provident fund deposit base is to better protect the rights and interests of employees, and it is adjusted regularly according to the local per capita wage level. The specific implementation standards need to refer to the notice issued by Ningbo Human Resources and Social Security Bureau.

Legal basis:

"People's Republic of China (PRC) housing provident fund regulations" fourteenth individual housing provident fund deposit amount shall not exceed twelve percent of the monthly salary of the employees of this unit; If the monthly salary of employees is lower than the local minimum wage, the individual deposit of housing provident fund shall not be lower than the local minimum wage.