The expenses required for the enterprise annuity shall be paid jointly by the enterprise and individual employees, and the fund shall be fully accumulated, and a personal account shall be established for each employee who participates in the enterprise annuity. The annual contributions of enterprises shall not exceed 8% of the total wages of employees, and the total contributions of enterprises and employees shall not exceed 12% of the total wages of employees. The specific expenses shall be determined through consultation between the enterprise and the employees.

The way to receive enterprise annuity after retirement is as follows: after retirement, employees can receive enterprise annuity from their personal accounts on a monthly basis, by stages or at one time. When employees completely lose their ability to work, or go abroad to settle down, or die, they can also receive enterprise annuities from their personal accounts on a monthly, phased or one-time basis.

The enterprise annuity is funded by the enterprise or a certain amount of funds is jointly raised by the enterprise and the employee, which is included in the employee's personal account for banquets and accumulated in full. How much to pay each month is decided by employees and enterprises themselves, which is not mandatory. However, you also pay more and get more in the future. At the same time, the contribution ratio of enterprises and employees shall not exceed 12% of employees' wages, and the contribution of enterprises shall not exceed 8% of employees' total wages every year.