What does social insurance and provident fund include?

1, old-age insurance: that is, when workers lose their ability to work due to old age, they pay their living expenses and take care of their lives during the old-age period.

2. Unemployment insurance: that is, to pay the living expenses and medical expenses of workers during unemployment, as well as safeguard measures such as job-changing training, self-help in production and job introduction.

3. Work-related injury insurance: that is, it compensates the wages of workers who are injured at work and temporarily or permanently lose their ability to work, and it is also a medical care and life care measure for workers who are injured at work.

4. Medical insurance: that is, the safeguard measures for medical care and nursing during the illness of workers.

5. Maternity insurance: that is, income subsidies and safeguard measures for female employees during childbirth.

Payment method: the payment amount of social insurance is calculated according to my salary (the basic medical insurance is based on the average salary of the whole city) and the rate, which is shared by enterprises and individuals. The calculation of social insurance contributions is based on pre-tax wages, and the proportion of old-age care is basically the same in the whole country, while other proportions are slightly different, subject to local regulations.

Provident fund: refers to housing provident fund, which 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 and their employees.

Payment method: 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.

The Regulations on the Management of Housing Provident Fund stipulates that the contribution ratio of employees and units' housing provident fund shall not be less than 5% and shall not be higher than 12%. The specific proportion varies from unit to unit.

Extended data:

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.

20 16, 18 On February 8th, according to the Notice of the Central Bank, the Ministry of Housing and Urban-Rural Development and the Ministry of Finance on Perfecting the Formation Mechanism of Deposit Interest Rate in Employees' Housing Provident Fund Account, the deposit interest rate in employees' housing provident fund account was adjusted from the current benchmark interest rate for current and three-month deposits divided by collection time to the unified benchmark interest rate for one-year time deposits on February 2nd.

Related definition

The housing accumulation fund system is actually a housing security system and a form of monetization of housing distribution. The housing accumulation fund system is an important social security system for housing stipulated by national laws, which is mandatory, mutually supportive and guaranteed.

Units and individual employees must fulfill their obligations to pay housing provident fund according to law. The housing provident fund paid by individual employees and the housing provident fund paid by the unit shall be stored in special accounts and owned by individual employees.

other meaning

The definition of this 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 do not implement the housing provident fund system, 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 individual contributions of employees are withheld by the unit, they will be paid into the individual account of housing provident fund together with the unit contributions.

(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 provident fund is a personal housing savings fund for employees' housing consumption expenditure, which has two characteristics: first, it is cumulative, that is, although housing provident fund is an integral part of employees' wages, it is not paid in cash, and must be deposited in a special account opened by the housing provident fund management center in the entrusted bank, and special account management is implemented.

The second is special. The housing provident fund is earmarked for special purposes and can only be used for the purchase, construction, overhaul of self-occupied housing or the payment of rent during storage. Only when the employee retires, dies, completely loses the ability to work, terminates the labor relationship with the unit or moves out of the original city can the housing provident fund in his account be withdrawn.

According to China's regulations, both state-owned enterprises and private enterprises should store housing provident fund for their employees.

Company provident fund

The company's common reserve fund, also known as the company's reserve fund, refers to a sum drawn from the company's profits according to law in order to enhance its own property capacity, expand production and operation and prevent accidental losses, and is not used as part of income or dividend distribution income. Mainly used for: making up the company's losses, expanding the company's production and operation, and increasing the company's capital.

The sources of the company's provident fund are as follows:

First, when the stock is issued at a premium, the premium exceeding the face value of the stock is included in the company's capital reserve fund;

Second, according to the provisions of China's "Company Law", part of the statutory provident fund is drawn from the after-tax profits every year in proportion;

The third is the provident fund withdrawn after the resolution of the shareholders' meeting;

Fourth, after several years of operation, the company's assets are revalued and increased;

Fifth, the donated assets obtained by the company from outside, such as donated assets obtained from government departments, foreign departments and other companies.

According to the relevant laws of China's Company Law, the functions of the company's provident fund mainly include:

1, make up for the loss. When the company loses money, it must try to make up for it, otherwise it will violate the principle of capital maintenance. Both surplus reserve fund and capital reserve fund can be used to make up for losses.

2. Expand the production and operation of the company. Without increasing capital, it is undoubtedly a convenient and quick way to expand the company's production and operation with the provident fund drawn over the years.

3. Increase capital. When necessary, the company may convert the common reserve fund into share capital.

4. It can be used for dividends under special circumstances. Generally speaking, when a company has no profit in that year, it shall not distribute dividends. However, in order to maintain the reputation of the stock, the company can use the surplus reserve to distribute dividends at a ratio of no more than 6% of the face value of the stock after making up the losses with the surplus reserve. However, after dividend distribution, the statutory surplus reserve fund of the company shall not be less than 25% of the registered capital.

Integrity accumulation fund

Similar to the current housing provident fund system, the ICAC provident fund system means that in a certain period of time, individual civil servants and government finances jointly pay and deposit in personal accounts according to a certain proportion. Individuals who do not violate discipline can return regularly according to a certain proportion until retirement; Individuals who violate the law and discipline shall deduct the account funds according to a certain proportion and turn them over to the state treasury.

Theoretically, the anti-corruption accumulation fund system embodies an idea of economic corruption control and anti-corrosion. Compared with the previous moral preaching, it is undoubtedly of positive significance and has taken an important step to control corruption.

The positive significance of ICAC provident fund system design lies in that it does not evade the understanding of public officials' humanity logically, but faces up to the justice of interests; No longer addicted to ideology and unrealistic fiction and imagination, but based on the real human nature in reality-self-interest.

The purpose of ICAC system is to form interest incentives and corresponding interest constraints for public officials according to their honest political situation, so as to effectively restrain and reduce their corruption motives, increase their income from honest behavior and promote their self-discipline.

Strengthening the psychological foundation of public officials' incorruptible politics is conducive to cultivating an incorruptible political culture among public officials, thus providing support and guarantee for preventing and curbing corruption. This is of great significance for preventing and curbing corruption and promoting the building of a clean and honest party style.

The opposite of the advantages of the ICAC provident fund system is a big "defect": First, the ICAC provident fund system needs a scientific performance appraisal and supervision system for civil servants, which has not been fully established, for fear that civil servants will take both gray income and ICAC provident fund;

Secondly, the economic development in different regions is unbalanced and the living standards vary greatly, so the standards of ICAC provident fund should also be different. How can the established ICAC provident fund play an effective incentive role?

The third is whether there is an effective supervision organ to ensure that such a large sum of money will definitely raise the word "integrity", and will it cause civil servants to continue to corrupt with anti-corruption money in one hand? The introduction of the anti-corruption provident fund system urgently needs relevant supporting systems to keep up.

References:

Baidu encyclopedia-accumulation fund