Does social security include provident fund?

Not included. Social security does not include provident fund. Social security and provident fund are different rules of two different units:

1, social security refers to five types of insurance, including endowment insurance, medical insurance, work injury insurance, unemployment insurance and maternity insurance. Many areas have social security requirements for buying houses, because many cities restrict buying houses.

2. The housing accumulation fund is mainly used for housing lease, housing loan, housing decoration, etc. It is also a good welfare.

What is the main purpose of the provident fund?

1, buy a house:

The main purpose of the provident fund is to buy a house. When purchasing real estate, you can withdraw the original provident fund in accordance with relevant regulations, and you can deposit the subsequent provident fund to repay the mortgage. The specific amount and interest rate can refer to the local loan policy, or consult the local provident fund management department and the personnel department of the unit.

2. Rent a house:

For many people, especially in hot cities such as Beijing, Guangzhou and Shenzhen, the pressure brought by rent is not small. Tenants can apply for withdrawal of provident fund to pay rent and reduce the pressure of life. Provident fund can not only pay the rent of public rental housing, but also pay the rent of market rental housing.

3. Decoration:

We can also use the provident fund when decorating. In the rural collective land for self-construction, renovation, overhaul of housing, the use of housing loans, workers and their spouses can apply for the withdrawal of part of the provident fund, the total withdrawal does not exceed the cost of housing.

4, used to pay medical expenses:

In addition, if you or your family members are seriously ill or need major surgery, you and your spouse can apply to withdraw their own provident fund to pay for medical expenses, and the application time can be within one year from the date of hospitalization.

To sum up, social security does not include provident fund, because they are different in nature. The former mainly refers to social insurance, while the latter mainly refers to housing accumulation fund.

Legal basis:

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

second

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 when they are old, sick, injured, unemployed and have children.

Article 4

Employers and individuals in People's Republic of China (PRC) pay social insurance premiums according to law, and have the right to inquire about payment records and personal rights records, and require social insurance agencies to provide social insurance consultation and other related services. Individuals enjoy social insurance benefits according to law and have the right to supervise the payment of their own units.

Regulations on the administration of housing provident fund

Article 16

The monthly deposit amount of employee housing provident fund is the average monthly salary of employees in the previous year multiplied by the deposit ratio of employee housing provident fund.

The monthly deposit amount of housing provident fund paid by the unit for employees is the average monthly salary of employees in the previous year multiplied by the proportion of housing provident fund paid by the unit.

Article 18

The deposit ratio of employees and unit housing provident fund shall not be less than 5% of the average monthly salary of employees in the previous year; Conditional cities can appropriately increase the deposit ratio. The specific deposit ratio shall be drawn up by the Housing Provident Fund Management Committee and submitted to the people's governments of provinces, autonomous regions and municipalities directly under the Central Government for approval after being audited by the people's governments at the corresponding levels.