Nowadays, many large enterprises have enterprise annuity, a benefit that is very popular with the general public. So what is the meaning and function of enterprise annuity, and what are the ways to pay for it?

In the following article, I will briefly chat with you!

First of all, enterprise annuity exists as a supplement to basic pension insurance. From a macro level of the entire society, enterprise annuity is the urban employee pension insurance system that is being improved in my country, which consists of basic pension insurance, enterprise annuity and personal savings pension insurance. The second pillar consists of three parts.

Relevant departments now encourage companies to establish enterprise annuities, but it is not yet mandatory.

The second is the conditions for establishing an enterprise annuity. In fact, as long as the employer and its employees participate in the basic pension insurance for enterprise employees, they can establish an enterprise annuity system.

Whether to participate in the enterprise annuity must be voluntary, that is, both the enterprise and the employees must pay voluntarily. Of course, the enterprise annuity is applicable to employees who have expired the probation period of the enterprise.

Then there is the payment method of enterprise annuity. Enterprise annuity is paid by the enterprise and employees together, and then handed over to the enterprise annuity trustee to manage the enterprise annuity and generate investment and operating income.

The enterprise annuity is divided into the unit payment part and the individual payment part, and the annuity fund is invested in accordance with national regulations to generate operating income.