Article 3 The expenses required for enterprise annuity shall be paid jointly by the enterprise and individual employees. The enterprise annuity fund shall be fully accumulated, and a personal account shall be established for each employee who participates in the enterprise annuity, and investment and operation shall be carried out in accordance with relevant state regulations. Income from investment and operation of enterprise annuity fund is merged into enterprise annuity fund.

Investment fund operation process:

1, investors' funds are pooled into funds;

2. The fund entrusts an investment expert-the fund manager to carry out investment operation; Among them,

(1) Investors, fund managers and fund custodians establish trust agreements by means of fund contracts, so as to determine investors' capital contribution (and enjoy benefits and commitments).

Insurance), the trust relationship between the fund manager and the fund custodian;

(2) Fund managers and fund custodians (mainly banks) establish their respective responsibilities and rights through custody agreements;

3. Fund managers distribute investment income to investors through professional financial management.

In China, the fund custodian must be a qualified commercial bank and the fund manager must be a professional fund manager.

To sum up, the newly revised Measures for the Administration of Enterprise Annuity Funds was reviewed and adopted at the 58th ministerial meeting in Ministry of Human Resources and Social Security on October 20 1 1 year/month.

Legal basis:

Article 10 of People's Republic of China (PRC) Insurance Law

An insurance contract is an agreement between the applicant and the insurer on the relationship between insurance rights and obligations. The applicant refers to the person who has entered into an insurance contract with the insurer and has the obligation to pay the insurance premium according to the contract. An insurer refers to an insurance company that has entered into an insurance contract with the applicant and is liable for compensation or payment of insurance benefits according to the contract.