1, information registration

Register the company's enterprise annuity plan information in China bank account management system; The system supports setting various payment rules, ownership rules, payment rules, etc. To support the needs of different types of employees in enterprises to enjoy different annuity benefits.

2. Account establishment

Establish enterprise accounts and personal accounts to record basic information of enterprises and individuals, asset information, payment information, investment information and payment information of enterprise annuity plan respectively.

3. Annuity payment

Support annuity payment processing with different frequencies (month, quarter, half a year or one year), and distribute the payment to individual sub-accounts and enterprise sub-accounts of individual accounts according to the payment rules.

4. Payment of benefits

Support annuity payment processing caused by employee retirement, overseas settlement, death and disability. As well as plan transfer and termination, and record the payment reasons in the system.

The enterprise annuity business belongs to the company business, that is, China Bank does not accept the application for payment of insurance benefits from individuals.

Individuals need to apply for business to the trustee of their annuity plan (usually an endowment insurance company or bank) through their unit, instead of directly applying to the Bank of China.

Specific business processes:

(1) After an individual meets the conditions for receiving benefits, he/she applies to the human resources department of the enterprise for granting benefits.

(2) The human resources department of the enterprise applies to the trustee for payment.

(3) The trustee issues a treatment payment instruction to the account manager.

(4) The account manager completes the business processing in the system, issues the form and sends it to the trustee.

(5) The trustee instructs the trustee to transfer the assets paid to the individual according to the details.

(6) Assets paid by personal bank account.

In the above business processes, Bank of China may assume the roles of account manager (keeping detailed accounts), custodian (keeping general ledger and distributing assets) or both.

5. Account transfer

Support personal account transfer caused by employee's work unit change or annuity plan change, and carry out corresponding account transfer processing.

6. Investment conversion

In the case of multiple investment portfolios of enterprise annuity fund, the annuity investment portfolios can be converted according to the needs of trustees or employees.

7. Information disclosure

Information is disclosed through the customer service system of enterprise annuity of China Bank in various ways, such as report disclosure, information inquiry and data interface.

As there are differences in business in individual regions, please consult the branch of China Bank for details. The above contents are for your reference. Please refer to the actual business regulations.

If you have any questions, please contact online customer service of Bank of China.

You are cordially invited to download and use China Bank Mobile Banking APP or China Bank Cross-border GO APP to handle related business.