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

Enterprise annuities are paid upon retirement, not at the end of the year.

Enterprise annuity is a supplement to the national basic pension insurance and is the "second pillar" of my country's urban employee pension insurance system (composed of three parts: basic pension insurance, enterprise annuity and personal savings pension insurance).

In countries that implement modern social insurance systems, enterprise annuities have become enterprise supplementary pension plans, also known as "enterprise pension plans" or "occupational pension plans", and have become an integral part of the country's pension insurance system.

Extended information: Enterprise annuity operation model Basic characteristics of benefit annuity 1. Ensure employees obtain stable enterprise annuity by determining the income replacement rate; 2. The accumulation scale and level of the fund are adjusted with the wage increase; 3. The enterprise bears unpredictable losses

The risk of fluctuations in enterprise annuity income caused by socioeconomic changes; 4. Generally, there are qualifications and conditions for enjoyment. Most of them stipulate that you must have worked for 10 years. If you do not meet the requirements, you will not be able to enjoy it. If you meet the conditions, you will receive a minimum pension amount each year.

Regulations on limits and maximum limits; 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 The pension in this plan cannot be withdrawn before the employee retires, nor can it be transferred after mobility.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, it will no longer be provided to the family members, but a certain amount of one-time payment will be given to the family members.

pension.