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What is the ratio of social security accumulation fund in Shenzhen 1?
Housing accumulation fund refers to the long-term housing savings paid by state organs and institutions, state-owned enterprises, urban collective enterprises, foreign-invested enterprises, urban private enterprises and other urban enterprises and institutions, private non-enterprise units, social organizations and their employees. The definition of housing provident fund includes the following five aspects:
1. The housing accumulation fund is only established in cities and towns, and the housing accumulation fund system is not established in rural areas.
2. Only on-the-job employees can establish the housing accumulation fund system. Unemployed urban residents and retired workers do not implement the housing provident fund system.
3. The housing accumulation fund consists of two parts, one part is paid by the employee's unit, and the other part is paid by the employee. After the employee's individual deposit is withheld by the unit, it will be deposited into the individual account of the housing provident fund together with the unit deposit.
4. The long-term nature of housing provident fund deposit. Once the housing provident fund system is established, employees must be paid continuously in accordance with the regulations during their employment, and shall not be suspended or interrupted except for employees' retirement or other circumstances stipulated in the Regulations on the Administration of Housing Provident Fund. It embodies the stability, unity, standardization and compulsion of housing provident fund.
5. Housing accumulation fund is a personal housing savings fund specially used for housing consumption expenditure stored by employees according to regulations.
Article 32 of the Interim Measures for the Administration of Housing Provident Fund in Shenzhen sets the deposit ratio lower than the minimum deposit ratio of housing provident fund. Units can not resume normal deposit, need to apply again to reduce the deposit ratio or holdover of housing provident fund, it should be within 30 days before the expiration of the period of reducing the deposit ratio or holdover of housing provident fund, and re-apply in accordance with the provisions of Article 24 of the Interim Provisions. If a unit needs to terminate the reduction of deposit ratio or holdover of housing provident fund in advance, it shall apply before the deposit date, and submit the Application Form for Early Termination of Reduction of Deposit Ratio/holdover of Housing Provident Fund Units in Shenzhen. If the housing provident fund is missed or underpaid due to the reasons of the unit, the unit shall pay the housing provident fund for the employees.
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