Zuo Xiangqi, a senior labor law expert, pointed out in an interview with the times weekly that generally speaking, whether the base of provident fund is increased or not depends on the local average wage level. The increase of the upper limit of provident fund payment and deposit in many places shows that the wage income of the whole year of last year shows a stable upward trend. However, the annual increase is not a standard action, next years adjustment of the proportion of provident fund payment and deposit will also depend on the wage level of urban employees in service this year. Zuo Xiangqi stressed.
Taizhou and Kunming adjust more than 3000 yuan
In terms of the upper limit adjustment of provident fund deposit base, there are obvious differences among different regions. From the perspective of the cities that have announced the adjustment plan, the cities with the upper growth range of 1000-2000 yuan are the majority. In addition, there are two cities with an upper limit adjustment of more than 3000 yuan, namely Taizhou and Kunming.
Taizhou raised the upper limit of provident fund deposit base by 3500 yuan this year, and the ceiling of the deposit base reached 21500 yuan. The upper limit of Kunming provident fund deposit base ranking second increased by 3453 yuan compared with 2019, and the ceiling of the deposit reached 23516 yuan.
By contrast, Jilin, Shijiazhuang and Handan raised the upper limit of provident fund deposit base by less than 1000 yuan. There are also some places where the upper limit is not adjusted. On June 22, Tianjin housing fund management committee said that the upper and lower limits of the local housing fund payment base in 2020 remain unchanged.
The wages of urban employees are the only standard for adjustment of provident fund payment. Zuo Xiangqi stressed. In other words, the upper limit of the accumulation fund deposit base varies in different regions, reflecting the uneven growth of wages in different regions.
In addition, provident fund is different from social security, and there is a certain space for enterprises in different regions to choose the proportion of provident fund that can be paid and deposited. Said Zuo xiangqi. According to the regulations on the administration of housing accumulation fund, the upper limit and lower limit of the payment and deposit proportion of housing accumulation fund of units and employees shall not be higher than 12% and 5% respectively.
However, the reporter of the times weekly noted that according to the adjustment plan of housing accumulation fund payment last year, Shanghai has become a special case among the four first tier cities of Beijing, Shanghai, Guangzhou and Shenzhen. The proportion of housing accumulation fund paid and deposited by Shanghai employees and their units is 5% - 7% respectively.
Does this mean that the proportion of Shanghai enterprises provident fund is low? In Zuo Xiangqis view, this does not mean that the proportion of deposits in this area is relatively low, but that the enterprises in Shanghai have a small space to choose from in terms of accumulation fund..
More impact on high-income people
The Ministry of housing and urban rural development, the Ministry of Finance and the peoples Bank of China recently jointly issued the national housing fund 2019 annual report, which shows that in 2019, the number of employees who actually paid for the national housing fund is about 149 million.
After the adjustment of the upper limit of provident fund deposit base, which people are affected more?
According to the regulations on the administration of the housing accumulation fund, the monthly deposit of the employees housing accumulation fund is the average monthly salary of the employee in the previous year multiplied by the deposit proportion of the employees housing accumulation fund. The monthly deposit amount of the housing accumulation fund paid by the unit for the employees is the average monthly salary of the employee in the previous year multiplied by the deposit proportion of the housing accumulation fund of the unit.
This means that the upper limit adjustment of the deposit base has a greater impact on the population whose income level has exceeded the upper limit of the deposit base. The reason is that although the income level of this part of the population is relatively high, the provident fund can only be paid according to the upper limit of the provident fund deposit base. For those whose income does not exceed the upper limit of provident fund deposit base, if their salary level in the previous year has not changed, the deposit amount will not change.
A higher cap means that the company will spend more money on housing provident fund savings, which will also bring a certain burden to the enterprise. A senior human resources practitioner told time weekly.
But in the actual operation, some enterprises have the phenomenon of scraping the edge. The practitioner told time weekly that if the employees salary includes transportation subsidy and bonus, some enterprises only pay the accumulation fund for the employee according to the basic salary.
This practice is not compliant. The labor law has clearly stipulated that the total wage includes time wage, piece wage, bonus, allowance and subsidy, etc. Said Zuo xiangqi.
Relax provident fund policy in many places
At present, the debate over the saving and abolishing of provident fund has not been resolved, and the impact of the epidemic has been superimposed. All regions have successively increased their efforts to benefit the people with provident fund. In this context, the public has paid more attention to this years new provident fund policies.
In terms of loans, mutual recognition and mutual loans have been realized in the use of provident funds in Wuhan and Xiaogan. In terms of the withdrawal limit of rental housing, in April this year, Shenyang proposed to increase the withdrawal limit of local rental housing, and the urban limit was increased from 1200 yuan / month to 1400 yuan / month.
Yan Yuejin, research director of think tank center of Yiju Research Institute, said in an interview with the times weekly that since this year, there has been a significant relaxation of the provident fund policy in many places, which is more convenient for the people in terms of quota relaxation and use. This is not due to the impact of this years epidemic. Since the beginning of 2019, the provident fund policy has shown a clear and relatively loose trend, better supporting the individuals The demand for purchasing and renting houses.
Zuo Xiangqi pointed out that the main purpose of the existence of provident fund is to support the demand of urban employees to buy houses. At present, there are different situations in the application process and quota. Therefore, some people choose commercial loans to buy houses, which is also one of the arguments of the dispute of saving and abolishing provident fund
It is reported that the loan interest rate of housing accumulation fund for more than five years is 3.25%, and the loan interest rate for less than five years is 2.75%, while the commercial loan interest rate is generally about 5%. According to the national housing fund 2019 annual report, in 2019, 2.8604 million individual housing fund loans were issued, an increase of 13.25% over the previous year; the amount of loans was 1213.906 billion yuan, an increase of 18.79% over the previous year.
However, it is worth noting that at the end of 2019, the market share of individual housing loan of housing accumulation fund is only 15.61%. Only the employees who have paid the provident fund for housing provident fund loans are eligible for loans, but the people who have used the provident fund are only urban employees. In addition, there is a limit on the maximum amount of housing provident fund loans, and the amount of housing provident fund loans for some people is not enough. Said Zuo xiangqi.
In Yan Yuejins view, the approval process for the use of provident fund needs to be further simplified. The issuance time of housing accumulation fund is relatively long, and some developers are reluctant to use housing accumulation fund loan to buy houses because the loan of housing accumulation fund will affect their own payment speed. Policies should encourage cooperation between provident fund and developers. Yan Yuejin said.