Shenzhen: Proposes to stipulate that employees withdraw provident fund to buy houses elsewhere only in Guangdong province or where their home registration is located.

Original title: Shenzhen – Proposes to require employees to withdraw provident funds to buy houses elsewhere only in Guangdong province or home registration place.

According to ShenzhenHousing fundadministrationAccording to the news on the center’s website on the 30th, the Shenzhen Housing Provident Fund Management Center issued the “Regarding the further regulation of our cityHousing provident fund depositRetirement and other matters related to business managementrealize(look foropinionDraft) ”(hereinafter referred to as the“ Draft Request for Comments ”), if an employee requests the withdrawal of the business from the housing provident fund to purchase a home elsewhere, it is limited to purchasing a home in the Guangdong province or where the employee and their spouse are registered.

The following is the original text:

Notice on additional regulatory matters related to business management, such as the payment and withdrawal of the housing provident fund in our city (Draft for request for comments)

All relevant units and paid employees of the housing provident fund:

To further regulate the commercial management of the city’s housing provident fundRegulations“Ministry of Housing and Urban-Rural DevelopmentfinancialMinistry of the PeopleBankMinistry of Public Security on the implementation of governance violations withdraw housing provision fundjobs“Shenzhen Notice”, “Interim Measures for the Administration of the Shenzhen Housing Provident Fund”, “Administrative Regulations on the Deposit of the Shenzhen Housing Provident Fund” (hereinafter “Regulations onRetirement of provident fundsThe Administrative Regulation (hereinafter, the “Extraction Regulation”) and other regulations, combined with the actual conditions of this city, notify the relevant matters as follows:

1. The employee who is new to work in the second month of employment.salaryAs the basis of payment of the housing provident fund, newly transferred employees use the wages of the month in which they are transferred to pay their wages as the basis of payment of the housing provident fund; the applicable period of the payment base is the full year of the housing provident fund.

2. The employee housing provident fund account has been sealed for two years (inclusive), and no housing provident fund has been paid or deposited within two years.behaviorIf no unit handles the transfer procedures from the Provident Housing Fund account for the employee, the Administration Center of the Municipal Housing Provident Fund (hereinafter referred to as the Provident Fund Center) may transfer the fund account from employee housing provident to provident fund center for centralized sealing and management.

If the employee’s provident fund account has been transferred to the centrally sealed account of the provident fund center for two years (inclusive), and there has been no deposit or withdrawal from the provident fund in the last two years and the Account balance remains zero, provident fund center may cancel the housing provident fund account Before canceling the account, provident fund center will carry outad, The announcement period is 6 months.

If an employee has objections to the provident fund center account cancellation processing, they must submit a request for objection to the provident fund center prior to the expiration of the announcement period. After the expiration of the announcement period, if the employee does not file a request for objection and the provident fund account still maintains the status in the second paragraph of this article, the provident fund center may cancel the account.

3. The employee does not meet the housing requirements of Article 1 (1) (2) (3) of Article 5 of the “Retirement Regulations”consumptionCircumstance extraction requirements, for other housing consumption extraction businesses, the employees themselves or their family members must have housing (includingProductHousing, political housing or affordable housing); provident fund center verifies city real estate information of employees themselves or their family members by exchanging data information and online verification.

4. An employee’s request for withdrawal from the housing provident fund business to purchase a home elsewhere shall be limited to the purchase of homes in Guangdong Province or the place where the employee and his spouse are registered.

Five, payDeposit receiptWhen there are acts that do not manage the payment and deposit business in accordance with the regulations, they assist the employees in the fraudulent withdrawal of the housing provident fund, or the employees do not operate the housing provident fund withdrawal business in accordance With the regulations, the provident fund center can restrict the unit or the employee to handle related businesses through self-service channels.

6. Employees can apply for themselves through the Provident Fund Center.ServiceAfter completing the online declaration and appointment through the channel, go to the business establishment of the provident fund center previously designated to handle the overpayment complaint service; provident fund center shall accept employee complaints against illegal acts of underpaid unit of housing provident fund in an orderly manner and work togetherindustryPlease adjust the amount of acceptance of the appointment in due time.

VII. The employee complains about the underpayment of the unit’s housing provident fund, and the Provident Fund Center verifies the unit’s underpayment and informs the unit in writing of the outstanding amount. If the unit does not file an objection to the outstanding amount within the objection period, the Provident Fund Center shall make the payment based on the outstanding amount.

8. The unit and the employee negotiated to determine the supplemental payment plan for the housing provident fund or signed the compensation agreement and it has been met. Without new facts and reasons, if the employee complains to the provident fund center again about the same appeal, the provident fund center will not accept it.

IX. Other content that has not been adjusted in this notice is in accordance with the “Payment Management Regulations of the Shenzhen Housing Provident Fund” (Shenzhen Provident Fund Committee (2017) No. 1) and the “Regulations of Shenzhen Housing Provident Fund Retirement Management “(Shen Provident Fund Regulation (2019) No. 1)) The specified content will be implemented.

This notice will be implemented as of the year, month and day, and will be effective for five years.

(Source: China Net Finance)

(Responsible editor: DF537)