Legal subjectivity: Enterprise annuity generally refers to a supplementary pension insurance system that the state encourages enterprises to establish independently on the basis of basic pension insurance.

The cost of enterprise annuity is paid jointly by the enterprise and individual employees, and the management method of complete accumulation, investment and operation is implemented.

Legal objectivity: Article 2 of the "Enterprise Annuity Measures" as used in these Measures refers to the supplementary pension insurance system independently established by enterprises and their employees on the basis of participating in basic pension insurance in accordance with the law.

The state encourages enterprises to establish enterprise annuities.

The establishment of enterprise annuity shall be implemented in accordance with these Measures.

Article 3 of the "Enterprise Annuity Measures" requires enterprise annuity fees to be paid jointly by the enterprise and individual employees.

The enterprise annuity fund is fully accumulated, and a personal account is established for each employee who participates in the enterprise annuity, and is invested and operated in accordance with relevant national regulations.

The investment and operating income of the enterprise annuity fund is merged into the enterprise annuity fund.