The proportion of enterprise annuity payment is 8% of the total salary of the unit. The unit will deduct 4% of my salary.

1. The enterprise annuity payment shall not exceed one twelfth (8.33%) of the total salary of the previous year.

2. The sum of contributions paid by enterprises and individuals shall not exceed one sixth of the total wages of the previous year (16.7%).

3. The individual pays the enterprise annuity without tax deduction, and the annuity paid by the enterprise is tax deduction.

Enterprise annuity refers to the supplementary old-age insurance system independently established by enterprises and their employees on the basis of participating in the basic old-age insurance according to law, which consists of enterprise contributions, individual contributions of employees and investment and operation income of enterprise annuity fund.