What are the four major funds?

"Four funds" refer to social security funds, housing accumulation funds, poverty alleviation funds and disaster relief funds.

Legal basis:

People's Republic of China (PRC) social insurance law

Article 60 The employing unit shall declare on its own and pay social insurance premiums in full and on time. Except for legal reasons such as force majeure, the payment shall not be postponed or reduced. The social insurance premiums that employees should pay shall be withheld and remitted by the employer, and the employer shall inform me of the details of paying social insurance premiums on a monthly basis.

Individual industrial and commercial households without employees, part-time employees who have not participated in social insurance in the employing units and other flexible employees can pay social insurance premiums directly to the social insurance premium collection agencies.

Article 63 If an employer fails to pay social insurance premiums in full and on time, the social insurance premium collection agency shall order it to pay or make up within a time limit.

If the employer fails to pay or repay the social insurance premium within the time limit, the social insurance premium collection agency may inquire about its deposit account in banks and other financial institutions; And can apply to the relevant administrative departments at or above the county level to make a decision on the allocation of social insurance premiums, and notify their bank or other financial institutions in writing to allocate social insurance premiums. If the balance of the employer's account is less than the social insurance premium that should be paid, the social insurance premium collection agency may require the employer to provide guarantee and sign a deferred payment agreement.

If the employer fails to pay the social insurance premium in full and fails to provide guarantee, the social insurance premium collection agency may apply to the people's court for sealing up, distraining and auctioning the property whose value is equivalent to the social insurance premium that should be paid, and the proceeds from the auction will be used to offset the social insurance premium.

Regulations on the administration of declaration and payment of social insurance premiums

Article 16 If the employing unit is under any of the following circumstances, the social insurance agency shall issue a notice of unpaid social insurance premiums within five working days from the date of finding out the facts of unpaid social insurance premiums, order the employing unit to pay them back within five working days after receiving the notice, and inform that if it fails to pay them within the time limit, it shall be handled in accordance with the provisions of Articles 63 and 86 of the Social Insurance Law:

(a) failing to declare and pay social insurance premiums in accordance with the provisions;

(2) Failing to pay social insurance premiums in full and on time after reporting;

(three) due to concealment, omission of the number of employees, payment base and other matters and pay less social insurance premiums.

Article 17 If an employer fails to pay the overdue fine within the time limit as stipulated in Article 16 of these Provisions, the social insurance agency may inquire about its deposit account in the employer's bank or other financial institution according to the provisions of the second paragraph of Article 63 of the Social Insurance Law.

Eighteenth social insurance agencies can apply to the administrative department of social insurance for a decision on the allocation of social insurance premiums according to the results of the inquiry, and submit the following materials:

(a) the name, legal representative, address and contact information of the employer;

(two) the employer's bank, account name and account number;

(three) the facts, reasons and basis for the application for allocation;

(four) the amount of social insurance premiums applied for allocation;

(five) other materials required by the administrative department of social insurance.

Article 19 After receiving the application for allocation from the social insurance agency, the administrative department of social insurance shall, in accordance with the provisions of the Administrative Compulsory Law of the People's Republic of China, make a timely decision on the allocation of social insurance premiums, and notify the bank or other financial institution of the employing unit in writing to make the allocation.

Article 20 The decision made by the administrative department of social insurance to allocate social insurance premiums shall be delivered to the employing unit in accordance with the provisions of the Administrative Compulsory Law of the People's Republic of China and copied to the social insurance agency.