The difference between provident fund and social security

Legal analysis: 1, with different connotations: social security includes different types of insurance such as medical care and pension, while provident fund is used for housing loans and other funds. 2. Different payment proportions: different types of social insurance have different payment proportions, while the provident fund is paid by units and individuals, which are 12% respectively. 3. The payment subjects are different: the old-age insurance and medical insurance are paid by individuals, and the rest are paid by units, and the provident fund is not mandatory.

Legal basis: Article 24 of the Regulations on the Management of Housing Provident Fund: In any of the following circumstances, employees may withdraw the storage balance in their housing provident fund accounts:

(a) the purchase, construction, renovation and overhaul of owner-occupied housing;

(2) retirement;

(three) completely lose the ability to work, and terminate the labor relationship with the unit;

(4) Having left the country to settle down;

(5) Repaying the principal and interest of the house purchase loan;

(six) the rent exceeds the prescribed proportion of family wage income.

In accordance with the provisions of items (2), (3) and (4) of the preceding paragraph, the employee housing provident fund account shall be cancelled at the same time. 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.