legal ground
Article 2 of the Measures for Enterprise Annuities
The term "enterprise annuity" as mentioned in these Measures refers to the supplementary endowment insurance system independently established by enterprises and their employees on the basis of participating in the basic endowment insurance according to law. The state encourages enterprises to establish enterprise annuities. The establishment of enterprise annuity shall be implemented with reference to these measures.
essay
The expenses required for enterprise annuity shall be paid jointly by the enterprise and individual employees. The enterprise annuity fund shall be fully accumulated, and a personal account shall be established for each employee who participates in the enterprise annuity, and investment and operation shall be carried out in accordance with relevant state regulations. Income from investment and operation of enterprise annuity fund is merged into enterprise annuity fund.