Of course. According to the inquiries of People's Republic of China (PRC) and Ministry of Human Resources and Social Security, official website, the company will allocate a sum of money every month, together with the employees' own contributions, and transfer it to a special enterprise annuity account, which will be entrusted to the pension insurance company or pension fund company and managed by a professional organization, so that the retirement annuity tax can be refunded. Retirement annuity refers to: retirement of government institutions refers to occupational annuity, and retirement of enterprise units refers to enterprise annuity. Whether it is an occupational annuity or an enterprise annuity, there are two ways to receive it when you retire. One is to receive it on a monthly basis like a pension, and the other is to receive it once when you retire, which is used to buy endowment insurance products. It should be pointed out that the occupational annuities of government agencies and institutions are mandatory, but there is no mandatory requirement for enterprises. Retirement annuity refers to: retirement of government institutions refers to occupational annuity, and retirement of enterprise units refers to enterprise annuity. Whether it is an occupational annuity or an enterprise annuity, there are two ways to receive it when you retire. One is to receive it on a monthly basis like a pension, and the other is to receive it once when you retire, which is used to buy endowment insurance products. It should be pointed out that the occupational annuities of government agencies and institutions are mandatory, but there is no mandatory requirement for enterprises.