We often say "five insurances and one gold", but some employees also say "five insurances and two gold". What is the extra "one gold" in "five insurances and two gold"? Well, it's actually an "enterprise annuity", which is a supplementary old-age insurance system voluntarily established by enterprises and their employees on the basis of participating in the basic old-age insurance according to law. 1. What is an enterprise annuity fund? Refers to the supplementary endowment insurance fund for enterprises formed according to the funds raised by the enterprise annuity plan formulated according to law and the income from its investment and operation. Its composition: the enterprise annuity fund consists of the following items: (1) enterprise contributions; (2) Individual contributions of employees; (3) Income from investment and operation of enterprise annuity funds. Two. Operation process of enterprise annuity fund 1. In order to strengthen the management of enterprise annuity funds and standardize the operation process of enterprise annuity funds, this process is formulated according to the Trial Measures for the Management of Enterprise Annuity Funds and relevant laws and regulations. 2. This procedure is applicable to clients of enterprise annuity plan and trustees, account managers, custodians and investment managers engaged in enterprise annuity fund management. The entrustment management contract mentioned in this process refers to the contract signed by the principal and the trustee, the account management contract refers to the contract signed by the trustee and the account manager, the custody contract refers to the contract signed by the trustee and the custodian, and the investment management contract refers to the contract signed by the trustee and the investment manager. 3. The client submits the enterprise annuity plan information, enterprise account information and personal account information to the trustee according to the entrustment management contract, and the trustee submits it to the account manager after confirmation. The client may also submit enterprise account information and personal account information to the account manager entrusted by the trustee according to the agreement in the entrustment management contract, and the account manager shall review the authenticity, legality and completeness of the submitted information and notify the trustee after the review is correct. 4. The account manager shall establish independent enterprise accounts and personal accounts for the enterprise annuity fund, and timely record the enterprise annuity plan information, enterprise account information and personal account information. 5. When the enterprise annuity plan information, enterprise account information or personal account information changes, the client shall submit the change information to the trustee in accordance with the entrustment management contract, and the trustee shall submit it to the account manager after confirmation. When the enterprise account information or personal account information changes, the client can also submit the change information to the account manager entrusted by the trustee according to the agreement in the entrustment management contract, and the account manager will review the authenticity, legality and completeness of the change information and notify the trustee after the review is correct. The account manager should adjust the account records according to the changed information. 6. The account manager shall, in accordance with the agreement in the account management contract, generate a payment bill according to the enterprise annuity plan and the payment information provided by the client before the payment date stipulated in the enterprise annuity plan, and submit it to the client and the trustee for confirmation. The trustee shall send a notice of payment and collection to the trustee. 7. The custodian shall open a separate entrusted property custody account for each managed enterprise annuity plan for the collection and payment of enterprise annuity funds. The client shall transfer the enterprise funds and personal funds into the entrusted property custody account opened by the custodian on the payment date stipulated in the plan, and notify the trustee and the account manager. 8. The custodian shall check the paid-in amount according to the collection notice. When the verification is consistent, the custodian will notify the trustee and the account manager to pay the funds, and the account manager will record the payment information in the enterprise account and personal account. If the check is inconsistent and the actual payment amount is greater than the receivable amount notified by the receipt, the custodian shall notify the trustee, handle the overpayment according to the trustee's instructions, and notify the trustee and the account manager of the handling result; When the actual payment amount is less than the payment receivable notified by the receipt, the custodian notifies the trustee, and the trustee notifies the client to pay the payment. 9. The custodian shall open a capital account and a securities account for the enterprise annuity fund under custody, and be responsible for the capital settlement and settlement of the enterprise annuity fund under custody. The custodian shall open a separate investment management risk reserve account for the investment manager of the managed enterprise annuity fund, which shall be specially used to make up for the investment losses of the enterprise annuity fund. 10. The trustee, custodian and investment manager shall reach an agreement on the issuance, confirmation and execution procedures of instructions. The trustee and the investment manager shall notify the trustee of the personnel and authority to send instructions. 1 1. The trustee shall notify the trustee and the investment manager of the investment allocation instruction of the enterprise annuity fund. The custodian shall review the authenticity, legality and completeness of the trustee's investment allocation instructions, transfer the funds from the entrusted property custody account to the fund account of the corresponding portfolio in time, and notify the trustee and the investment manager of the receipt of the funds. 12. When the trustee adjusts the investment quota of the investment manager, it shall inform the trustee and the investment manager of the adjustment plan in advance. Upon receipt of the trustee's instruction on fund allocation, the custodian shall review the authenticity, legality and completeness of the instruction, allocate funds in time after the review is correct, and notify the trustee and investment manager of the allocation of funds. 13. The custodian and investment manager shall obtain the settlement data of enterprise annuity fund securities trading from the stock exchange and China Securities Depository and Clearing Corporation in time. After checking with the investment manager, the custodian shall promptly handle the capital settlement and settlement of the enterprise annuity fund with China Securities Depository and Clearing Corporation. The custodian and investment manager shall, in accordance with the relevant provisions of the national inter-bank bond market, handle the bond trading, repurchase business and fund settlement of the enterprise annuity fund investment in the inter-bank bond market. 14. The custodian and investment manager shall independently establish accounts and make independent accounting for the investment portfolio of the enterprise annuity fund, and complete the accounting and valuation of the investment portfolio of the enterprise annuity fund with reference to the Accounting Measures for Securities Investment Funds and other provisions. The custodian shall review the net value of the portfolio calculated by the investment manager. The custodian is responsible for the accounting of the enterprise annuity fund, evaluates the enterprise annuity fund every working day, and sends the accounting results such as the net asset value, net growth rate or net share of the enterprise annuity fund to the trustee and the account manager in time according to the custody contract. 15. The custodian and investment manager shall prepare and check the balance sheet, income statement, statement of changes in net worth and notes of the investment portfolio of enterprise annuity funds in time, and the custodian shall submit them to the trustee. The custodian shall prepare the balance sheet, income statement, statement of changes in net value and notes of the enterprise annuity fund property in time and submit them to the trustee. The investment manager shall regularly issue investment management reports such as investment performance and risk assessment of the enterprise annuity fund portfolio, and submit them to the trustee. 16. The custodian shall supervise the investment scope, investment proportion, accounting and valuation, expense accrual and payment, income distribution and other matters of the enterprise annuity fund according to the Trial Measures for the Management of Enterprise Annuity Fund, the Custody Contract and relevant laws and regulations. If the investment management caused by objective factors such as the fluctuation of the securities market and the merger of listed companies does not meet the proportion stipulated in the Trial Measures for the Management of Enterprise Annuity Funds or the proportion agreed in the investment management contract, the custodian shall promptly notify the investment manager and report to the trustee, and the investment manager shall make adjustments within a reasonable period of time. 17. The account manager shall distribute the investment income of the enterprise annuity fund in accordance with the Trial Measures for the Management of Enterprise Annuity Fund and the agreement in the account management contract. When the amount measurement method is adopted, the account manager shall calculate the current investment income according to the net property value and net growth rate of the enterprise annuity fund on the income distribution date provided by the custodian and the opening balance of the enterprise account and the personal account, and record the full amount in the enterprise account and the personal account. When adopting the share measurement method, the account manager shall record the net share value of the enterprise annuity fund on the income distribution date provided by the custodian. 18. After receiving the fee payment instruction issued by the trustee and the transaction instruction issued by the investment manager, the custodian shall review the authenticity, legality and completeness of the instruction and implement it after verification. 19. When employees retire, die or settle abroad and need to pay enterprise annuity benefits, the client shall apply to the trustee, and the trustee shall notify the account manager. The account manager calculates the personal account rights and interests, generates the personal account rights and interests payment table, and sends it to the client and the trustee for confirmation. After confirmation, the trustee issues a treatment payment instruction to the trustee and informs the account manager. The custodian shall go through the fund transfer procedures according to the treatment payment instruction, and notify the custodian and account manager of the fund transfer results. The account manager shall deduct the rights and interests of the personal account, and when the balance of the rights and interests of the personal account is zero, go through the formalities of closing the personal account and notify the trustee. The trustee shall notify the client of the result of fund allocation. 20. When an employee leaves the enterprise and transfers to a new enterprise annuity plan, the client shall submit an application for personal account transfer to the trustee according to the relevant contract, and the trustee shall notify the account manager after confirmation. The account manager calculates the personal account rights and interests, generates a personal account transfer report, and sends it to the principal and the trustee for confirmation. After confirmation, the custodian sends a fund transfer instruction to the custodian and notifies the account manager. The custodian shall go through the fund transfer formalities according to the fund transfer instruction, and notify the custodian and account manager of the fund transfer result. The account manager shall handle the personal account transfer procedures and notify the trustee. The trustee shall notify the client of the result of fund allocation. 2 1. If employees leave the enterprise and cannot be transferred to the new enterprise annuity plan, the account manager can transfer them to the reserved account and manage them separately.