China Bank's enterprise annuity account management process:

1. Information registration

Register the company's enterprise annuity plan information in China Bank account management system; The system supports setting a variety of payment rules, ownership rules, payment rules, etc., and supports the needs of different types of employees in the enterprise to enjoy different annuity benefits.

2. Account establishment

Establish enterprise accounts and personal accounts, and record the basic information of enterprises and individuals, assets information of enterprise annuity plan, payment information, investment information and payment information respectively.

3. Annuity payment

Annuity payment processing with different frequencies (month, quarter, half a year or one year) is supported, and payment will be distributed to individual sub-accounts and enterprise sub-accounts of individual accounts according to payment rules.

4. Payment of benefits

Support annuity payment due to employee retirement, going abroad to settle down, death, disability, etc. and plan transfer and termination, and record the payment reasons in the system.

the enterprise annuity business belongs to the corporate business, that is, BOC does not accept personal application for payment of benefits to BOC.

an individual needs to apply for business to the trustee of his annuity plan (usually an endowment insurance company or a bank) through his unit, instead of directly applying for business to BOC.

Specific business process:

(1) After an individual meets the conditions for receiving benefits, he/she applies to the human resources department of the enterprise for payment of benefits.

(2) The human resources department of the enterprise applies to the trustee for payment.

(3) The trustee issues a treatment payment instruction to the account manager.

(4) The account manager completes business processing in the system, issues a form and sends it to the trustee.

(5) The trustee instructs the trustee to transfer the assets paid to the individual according to the details.

(6) An individual's bank account receives the assets paid for.

in the above business processes, BOC may assume the role of account manager (keeping detailed accounts), custodian (keeping general ledger and allocating assets), or both.

5. Account transfer

Personal account transfer due to employee's work unit change or annuity plan change is supported for corresponding account transfer processing.

6. Investment conversion

In the case of multiple investment portfolios of enterprise annuity funds, the annuity investment portfolios can be converted according to the personal needs of trustees or employees.

7. Information disclosure

Information is disclosed through the enterprise annuity customer service system of China Bank in various ways, such as statement disclosure, information inquiry and data interface.

due to differences in business in individual regions, please consult the branch of BOC for details.

(Answer time: June 6, 223)

The above contents are for your reference. Please refer to the actual business regulations.

you are cordially invited to download and use China Bank Mobile Banking APP or BOC Cross-border GOAPP to handle related business.