Advanced Search

Beijing To Implement Several Provisions Of The Housing Provident Fund Management Regulations

Original Language Title: 北京市实施《住房公积金管理条例》若干规定

Subscribe to a Global-Regulation Premium Membership Today!

Key Benefits:

Subscribe Now for only USD$40 per month.

(Adopted by the 46th ordinary meeting of the Government of Beijing, 30 December 2005)

Article 1 provides for the implementation of the State Department's Housing Mortgage Management Regulations, which incorporates the realities of the city.
Article 2
Article 3 is the decision-making body for the management of the Housing Quantification Fund in the city (hereinafter referred to as the Committee).
Among the members of the Commission, the Head of the Government of the Municipalities, heads of departments such as rental, financial and audit, representatives of relevant departments such as the People's Bank, the Department of State Administration and the Central Oriental Authority, accounted for one third of the experts in the areas of law, finance and housing; trade union representatives and employees; and a third of the unit. In the Commission, a third of the members of the central State organs, the Central Oriental Office and the Beijing Railway system are members.
Article IV. The Beijing Housing Streams Management Centre (hereinafter referred to as the Management Centre) is responsible for the implementation of the duties of this city's housing management operation and law enforcement oversight in accordance with the relevant matters decided by the Committee.
The Management Centre established a central national sub-regional centre, the Central Oriental Centre and the Beijing Railway Sub-centres. The scope of the operation of the sub-centres is determined in accordance with the relevant provisions of the State and the city.
Article 5: The following units and their in-service workers shall contribute to the housing pool:
(i) National organs;
(ii) State-owned enterprises, towns and collective enterprises, out-of-business investments, private towns and other town enterprises;
(iii) Property units;
(iv) Civil non-commercial units;
(v) Social groups.
Other units and their in-service workers may deposit their housing credits in accordance with the voluntary principles of both parties.
In accordance with the specific circumstances of this city's economy, social development, the Committee may, at the appropriate time, develop a programme of adjustments to the proportion of the housing treasury, which is published to society after approval by the Government of the city.
Article 7. The Management Centre shall issue a notice of the housing deposit to society by 31 July each year.
The management centre or the entrusted bank shall, by 31 August of each year, issue a housing certificate to the unit and its active staff.
The Management Centre or the delegated bank shall provide accurate and easy access to information on the accounts of the depository and the distributor.
The Management Centre, the entrusted banks and their associated staff shall be confidential to the information of the paid accounts of the worker.
Article 8. The Management Centre shall grant housing credit cards or housing credits to the housing depositee as an effective voucher for the deposit.
Article 9 units shall be established, transferred, sealed, cancelled, etc., by law, for the benefit of workers in the housing pool accounts.
In the absence of procedures such as the transfer, seizure and extraction of the home account by the employee, the worker may obtain effective evidence of the material application for the supervision of the management centre, and the management centre may apply to the employee.
Article 10 units shall be paid in full and shall not be donated, multi-doned or overdue.
The management centre should be returned by law.
The number of units that have difficulty in the payment of housing payments may be reduced by the amount of contributions, or by the deduction of contributions, in accordance with the provisions, for a period not exceeding one year.
Article 11 combines the separation of units and, at the time of separation, shall pay unpaid and unpaid housing contributions to the worker. Inadequate payments should be made to clarify the subjects of responsibility for housing payments prior to the process.
When the unit has been withdrawn, disbanded or in insolvency, it is appropriate to liquidate the unpaid pool of workers' housing payments in accordance with the relevant provisions of the State and the city.
Article 12. Retirement workers who have paid a housing deposit during the management centre and during the hours of their work, may apply for housing credits when purchasing, constructing, refurbishing and renovating their homes, or may also apply to the Management Centre for personal housing loans in commercial banks. The specific approach followed is developed by the Commission.
Article 13. The maximum credit for the housing credit is provided by the Management Centre, in accordance with the construction of housing prices, policies, the purchasing capacity of workers and the financial status of the public deposit.
Article 14. The value-added benefits of the housing pool are used to reserve the risk of housing credits, the management costs of the Centre and the funds required to address the housing difficulties of low-income households in accordance with the provisions.
Article 15. The audit department shall conduct annual audit oversight of the management centre and inform the society of the results of the audit.
Article 16 Management centres may check units that do not receive the required payment of housing.
The units should provide information on the status of the user and the payment of the housing deposit, such as the wages, the financial statements.
The Management Centre shall be confidential to the information provided by the unit.
Article 17 rejects the inspection by the Management Centre, the non-representation of the user and the information relating to the payment of the housing stock, such as wages, financial statements, and the relocation of the management centre orders and the refusal to change, which could be fined by more than 1000 dollars.
Article 18