posted by murrayjames on July 12, 2014 | 1 comments
A paycheck question :) What is 公积金 in the sentence:

扣了保险和公积金

My dictionary says "accumulated fund," but I'm not sure what that is.

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Grace Qi on July 14, 2014 | reply
@murrayjames,

In this context, 公积金 is 住房公积金 which is the fund for purchasing/ renting apartments. The company you work at pays certain amount and you pay certain amount (The money will be deducted from your salary). The fund will be saved under your name and eventually you can take it all out.:)