Yes. State Grid has established an internally managed corporate annuity since the early 1990s.

Enterprise annuity is a supplementary pension system. It refers to a supplementary pension insurance system independently established by enterprises and their employees on the basis of participating in basic pension insurance in accordance with the law.

The basic characteristics of benefit annuities are:

(1) By determining a certain income replacement rate, employees are guaranteed to obtain stable enterprise annuities.

(2) The accumulation scale and level of the fund will be adjusted with the salary increase.

(3) Enterprises bear the risk of fluctuations in enterprise annuity income caused by unpredictable social and economic changes.

(4) Generally, there are qualifications and conditions for enjoyment. Most of them stipulate that you must have worked for 10 years. If you fail to meet the requirements, you will not be able to enjoy it. If you meet the conditions, there are minimum and maximum pension amounts you can enjoy every year. Limit regulations.

(5) The pension in this plan cannot be withdrawn before the employee retires, nor can it be transferred after mobility. If the employee dies before retirement or after retirement, the pension will no longer be provided to the family members, but a certain amount will be paid to the family members once. Sex Pension.

Baidu Encyclopedia-Enterprise Annuity