Job Recruitment Website - Social security inquiry - Do I have to buy housing provident fund to buy social security? Is there a law? Don't buy it, okay?
Do I have to buy housing provident fund to buy social security? Is there a law? Don't buy it, okay?
Relevant laws and regulations:
People's Republic of China (PRC) social insurance law
Article 2 The state establishes social insurance systems such as basic old-age insurance, basic medical insurance, industrial injury insurance, unemployment insurance and maternity insurance, so as to guarantee citizens' right to receive material assistance from the state and society in accordance with the law in case of old age, illness, industrial injury, unemployment and maternity.
Regulations on the administration of housing provident fund
Article 3 The housing accumulation fund paid by individual employees and the housing accumulation fund paid by the unit where employees work for employees belong to individual employees.
Article 4 The management of housing provident fund shall follow the principles of decision-making by the housing provident fund management committee, operation of the housing provident fund management center, special account storage and financial supervision.
Article 5 The housing accumulation fund shall be used for the purchase, construction, renovation and overhaul of self-occupied housing by employees, and no unit or individual may use it for other purposes.
Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.
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