What Are Collective Investment Funds?

A collective welfare fund is a fund that is drawn from costs by an enterprise unit according to relevant regulations or is allocated and transferred from a balance in a certain proportion, and is used for the construction of collective welfare facilities and collective welfare benefits for unit employees. Collective welfare funds are drawn at 50% of the commission.

Collective welfare fund

Right!

A collective welfare fund is a fund that is drawn from costs by an enterprise unit according to relevant regulations or is allocated and transferred from a balance in a certain proportion, and is used for the construction of collective welfare facilities and collective welfare benefits for unit employees. Collective welfare funds are drawn at 50% of the commission.

Chinese name

Collective welfare fund

Part of speech

noun

Scope of application

Expenditure on the construction of collective welfare facilities

Calculation method

Withdraw at 50% of commission

The specific scope of use of employee collective welfare funds is generally: expenses for the construction of collective welfare facilities, subsidies for employees' canteens, expenses incurred by the unit for medical overexpenditure of employees' public funds, subsidies for employees' living difficulties, supplementary pension insurance, medical insurance expenditures, supplementary housing subsidies, Expenditures on housing provident funds are other expenditures that may be expended by the employee welfare fund in accordance with national and research institute regulations.

1. Pay the book and newspaper fee issued by the enterprise unit;

2. Pay the washing fee issued by the enterprise;

3. Co-ordinated medical expenses overrun subsidies for children's children;

4. Subsistence allowances for employees of enterprises;

5. Purchase and build collective welfare facilities of enterprise units;

6. Small subsidies for the purchase of teaching aids and toys in nurseries, kindergartens, etc. in enterprise units and subsidies for trade union activities;

7. Due to the self-cultivation expenses of enterprise employees (excluding those organized by the personnel department of the hospital);

8. Expenditure due to summer sunstroke and cooling expenses for employees of enterprise units;

9. Other documents stipulated by the provinces, municipalities and autonomous regions that can be expended by collective welfare funds;

10. In the future, national or court documents stipulate other expenses that can be expended by the collective welfare fund.