Luoyang housing fund management center

Luoyang City Housing Provident Fund Management Center is based on the State Council's "Housing Provident Fund Management Regulations" and "Standard Chartered Henan Provincial Housing Provident Fund Management Regulations" set up for non-profit-making purposes of the municipal government directly under the institutions, institutional specifications of the county level, within the office, planning and finance section, collection section, credit section, information management section sections and other departments.

Jurisdiction of a downtown business department and 10 county (city) district management department. Its main responsibility is to be responsible for the city's housing fund collection, withdrawal, use and management.

Luoyang City, since the establishment of the housing fund system, after more than a decade of development, has become an important guarantee for urban residents to improve housing consumption ability to improve housing conditions. By the end of 2008, the utilization rate of the fund was 65.44%, an increase of 5 percentage points over the previous year, and the utilization rate of the fund was 47.03%, an increase of 7 percentage points over the previous year.

Strongly promote the city's housing security work. The establishment of the housing provident fund system has played an important role in improving the living environment of the city's residents, improving the quality of life, and promoting the development of the real estate industry and social and economic development.

Characteristics of Housing Provident Fund:

1. Universality

Using urban workers, regardless of the nature of the work unit, the family's income, whether or not they already have a home, must contribute to the Housing Provident Fund in accordance with the provisions of the Regulations.

2. Compulsory (policy)

If a unit fails to register for housing fund contributions or fails to set up a housing fund account for its own employees, the management center of the housing fund has the power to order it to do so, and if it fails to do so, it can be penalized in accordance with the relevant provisions of the Regulations and can apply to the People's Court for compulsory execution.

3, welfare

In addition to the housing fund contributed by the employee, the unit also has to pay a certain amount for the employee, and the interest rate of housing fund loans is lower than that of commercial loans.

4. Returnability

When an employee leaves the service, retires, or loses the ability to work completely and terminates the labor relationship with the unit, or moves out of the household or settles in a foreign country, the housing fund contribution will be returned to the individual employee.