Luzhou Provident Fund Withdrawal Policy

Prerequisites for withdrawing Luzhou Housing Provident Fund:

1. If you have one of the following circumstances and can provide legal and valid certificates as required, you can consult your own unit and apply to withdraw your housing. The storage balance in the provident fund account:

2. Those who purchase, build, renovate or overhaul a self-occupied house with ownership;

3. Retirement or retirement;

4. Complete loss of working ability or severe disability, which is one of the common situations, and the labor relationship with the unit is terminated or terminated;

5. Settling abroad or settling in Hong Kong, Macao, and Taiwan

6. Repaying the principal and interest of the loan for purchasing a self-occupied house;

7. The monthly rent of renting a house exceeds the family’s monthly salary income by 15%;

8. The labor relationship between the migrant workers and the unit is terminated (terminated);

9. The employee dies or is declared dead;

10. The employee is enjoying the minimum living security for urban residents or Special hardship assistance benefits;

11. The labor relationship with the unit has been terminated and has not been re-employed for more than one year;

12. If the employee or family member has an accident due to serious illness, or A serious injury accident causes family life to be difficult;

13. Family life is seriously difficult due to natural disasters or other emergencies.

Legal basis: "Housing Provident Fund Management Regulations" Article 24 If an employee has any of the following circumstances, he or she may withdraw the balance in the employee's housing provident fund account:

(1) Those who purchase, build, renovate or overhaul their own homes;

(2) Retirement or retirement;

(3) Completely lose the ability to work and terminate the labor relationship with the unit;

(4) Leaving the country to settle down;

(5) Repaying the principal and interest of the house purchase loan;

(6) The rent exceeding the prescribed proportion of family wage income.

In accordance with the provisions of items (2), (3) and (4) of the preceding paragraph, if the employee housing provident fund is withdrawn, the employee housing provident fund account shall be canceled at the same time.

If an employee dies or is declared dead, the employee’s heirs and legatees can withdraw the balance in the employee’s housing provident fund account; if there is no heir or legatee, the balance in the employee’s housing provident fund account can be withdrawn. Included in the value-added income of the housing provident fund.