Listing on the Housing Policy Act

The listing on the Housing Policy Act is determined according to the contribution made to housing savings in response to the housing policy which establishes the right of everyone to have a decent home to grow as an individual in a society that should guarantee a good life.

The listing on the Housing Policy Act applicable to the employee and the employer in accordance with the provision in the Housing Policy Act.

The housing policy states that the contribution to housing policy law shall consist of the contribution to housing savings of three percent of full wages, indicating the contribution of the worker housing policy is one percent and the contribution to housing savings the employer is two percent.

The listing on the Housing Policy Act shall be retained by the employer to the employee and shall be deposited in a savings account in the housing Mandatory Savings Fund for Housing, within the first five days of each month, according to the provisions of the Housing Policy Act.

Housing Policy Act provides that contributions to the law of housing policy will be administered by the National Housing Bank and Habitat (Banavih) and ensure the accuracy and timeliness of information regarding transactions in the savings account each worker's housing contribution to housing policy.

The contribution to housing policy law is not part of the remuneration that is the basis for the housing savings in relation to the calculation of social benefits and allowances provided for in the labor laws.

The contribution to housing policy law will be raised by the employer who shall retain the worker housing savings set out in the Housing Policy Act and deposited in the account of each of them in the Compulsory Savings Fund for Housing, in first 5 days of each month.

It may have contributions to the Housing Policy Act in the following cases:

For the full or partial payment of acquisition, construction, expansion, replacement, restoration and improvement for the repair or renovation of main house, refinancing or mortgage payments or any activity related to the object of the law of housing policy.

There will also be the price of housing policy law in the case of that worker has been retired, or been benefited from old-age pension or disability invalides worker's death, in which case the housing savings according to the contributions made law on housing policy will be part of the estate.

The price of housing policy law may also be made by all workers performing work independently and want to contribute to housing savings voluntarily in housing policy.

The price of housing policy law of the voluntary contribution will consist of three percent of monthly income to obtain the self-employed and must register with the Banavih via telematics faov section online to generate its payroll of housing savings which shall be deposited in the first five days of each month, thus complying with the minimum of the prices of housing policy law to be a beneficiary of the system of housing policy.