Huaian Housing Provident Fund Management Center

As the provident fund management agency of Huaian City, the Huaian Housing Provident Fund Management Center is responsible for many responsibilities such as deposits, withdrawals, loans, and value preservation and appreciation of the provident fund.

1. Provident Fund Payment

The Huaian Housing Provident Fund Management Center is responsible for supervising and managing the provident fund payment and deposit work within the city. According to relevant regulations, employers and employees must deposit a certain proportion of housing provident funds on a monthly basis to be used for employees’ housing consumption and housing loans. The center will conduct regular checks on the payment status to ensure timely and full payment of provident funds.

2. Provident Fund Withdrawal

Employees can apply to the Huaian Housing Provident Fund Management Center to withdraw provident funds if they meet certain conditions. These conditions include purchasing, building, renovating, and overhauling a self-occupied house, repaying the principal and interest of the home purchase loan, retirement, etc. The center will review withdrawal applications based on the materials and certificates provided by employees to ensure the compliant use of provident funds.

3. Provident Fund Loans

Huaian Housing Provident Fund Management Center also provides housing provident fund loan services to qualified employees. When employees buy a house, they can apply for a provident fund loan and enjoy lower interest rates and longer repayment periods. The center will review and approve loan applications to ensure the compliance and safety of loan issuance.

4. Maintaining and increasing the value of provident funds

The Huaian Housing Provident Fund Management Center is also responsible for maintaining and increasing the value of provident funds. The center will invest and operate the provident fund to obtain a certain amount of income and provide more housing financial support for employees. At the same time, the center will also strengthen risk management and supervision to ensure the safety and stability of the provident fund.

In summary:

As the provident fund management agency of Huaian City, the Huaian Housing Provident Fund Management Center is responsible for many responsibilities such as deposits, withdrawals, loans, and value preservation and appreciation of provident funds. Through standardized management and supervision, the center ensures the compliant use and safe operation of provident funds and provides strong protection for employees’ housing rights.

Legal basis:

"Housing Provident Fund Management Regulations"

Article 2 stipulates:

This Regulation applies to the people of the People's Republic of China** *The deposit, withdrawal, use, management and supervision of housing provident funds within the country.

"Housing Provident Fund Management Regulations"

Article 10 stipulates:

Cities where the people's governments of municipalities directly under the Central Government and provinces and autonomous regions are located, as well as other cities with districts (prefectures) , states, leagues), a housing provident fund management committee should be established as the decision-making body for housing provident fund management. Among the members of the Housing Provident Fund Management Committee, the person in charge of the people's government and the heads of relevant departments such as construction, finance, and the People's Bank of China, as well as relevant experts account for 1/3, trade union representatives and employee representatives account for 1/3, and unit representatives account for 1/3.

Regulations on the Administration of Housing Provident Fund

Article 20 stipulates:

The unit shall pay and deposit the housing provident fund on time and in full, and shall not make late payment or underpayment. pay.