What's the difference between social security and provident fund?

First, from the content point of view, social security mainly includes pension, medical care, work injury, maternity and unemployment insurance, while provident fund refers to housing provident fund, so social security does not include provident fund;

Two, in the subordinate units, social security and provident fund belong to two different units, the former is the social security bureau, the latter is the housing provident fund management center;

Third, in terms of payment, pension insurance and medical insurance in social security need to pay a certain number of years to enjoy medical insurance benefits for life; Housing provident fund is paid on a monthly basis and cannot be taken out for use at ordinary times.

Extended data:

I. Social security

Social security is the abbreviation of social insurance. The main items of social security include endowment insurance, medical insurance, unemployment insurance, industrial injury insurance and maternity insurance, which is what we often call "five insurances".

Collection methods of social insurance premiums:

1. proportional insurance system

This method is based on the wage income of the insured, and a certain proportion is stipulated to collect insurance premiums. Adopting the proportional system, the initial main purpose of social insurance is to compensate the income lost by the insured in risk accidents in order to maintain their minimum living. Therefore, we should refer to his usual income, on the one hand, as a standard to measure payment, on the other hand, as the basis for premium calculation.

The biggest drawback of the work-based proportional insurance system is that the burden of social insurance is directly related to wages. Whether employers and employees bear social insurance premiums or one of them bears social insurance premiums, the burden of social insurance is manifested in the increase of labor costs, which will lead to capital crowding out labor, which will lead to an increase in unemployment.

2. Equal insurance premium system

That is, regardless of the income of the insured or his employer, the insurance premium of the same amount should be charged. The advantages of this system are simple calculation and easy to be universally realized. Moreover, in countries that collect insurance premiums in this way, the payment system is generally divided equally, which has the significance of equal income and expenditure. But its defect is that low-income people and high-income people pay the same premium, which is obviously unfair in terms of affordability.

Second, provident fund.

Provident fund, usually refers to housing provident fund, and sometimes also refers to company provident fund. Housing accumulation fund refers to the long-term housing savings paid by state organs, state-owned enterprises, urban collective enterprises, foreign-invested enterprises, urban private enterprises and other urban enterprises, institutions, private non-enterprise units, social organizations and their employees.

From July 20 17 1 day, the transfer and connection of housing provident fund in different places are all handled through the "National Platform for Transfer and Connection of Housing Provident Fund in Different Places". Gradually realize "accounts go with people, money goes with accounts". At the same time, we will vigorously promote off-site loan services to meet the funding needs of paid employees for cross-regional housing purchases.

On March 24th, 2002, the State Council promulgated the revised Regulations on the Management of Housing Provident Fund (the State Council Order No.262), which made relevant provisions on the scope of application, institutions and their responsibilities, deposit, withdrawal, use, supervision and punishment.

On May 13, 2002, the State Council issued the Notice on Further Strengthening the Management of Housing Provident Fund (Guo Fa [1998] No.23), which further explained and supplemented the management regulations, and requested the Ministry of Construction to supervise and inspect the implementation of the Regulations on the Management of Housing Provident Fund and this notice together with relevant departments, and report to the State Council.

20101.2 People's Republic of China (PRC), the Ministry of Housing and Urban-Rural Development, the Ministry of Finance and other departments issued the Notice on Standardizing the Individual Housing Loan Policy of Housing Provident Fund, which made more explanations and norms on the issuance and collection of housing provident fund.

2065438+2005120, the Ministry of Housing and Urban-Rural Development of the People's Republic of China, the Ministry of Finance and the People's Bank of China issued the Notice of the Ministry of Housing and Urban-Rural Development and the People's Bank of the Ministry of Finance on Relaxing the Conditions for Withdrawing Housing Provident Fund to Pay Rent, in order to protect the legitimate rights and interests of employees who have paid housing provident fund, improve the mechanism for withdrawing housing provident fund, improve the effectiveness and fairness of the system and promote the development of the housing rental market. The "Notice" clarifies the rental conditions: employees have paid the housing provident fund in full for 3 months, and if I and my spouse have no own housing in this city and rent a house, they can withdraw the housing provident fund of both husband and wife to pay the rent. At the same time, the notice also made more specifications and explanations on the withdrawal amount, rent withdrawal conditions, and withdrawal audit efficiency.

Social Insurance-Baidu Encyclopedia Provident Fund-Baidu Encyclopedia