The difference between the two:

I. Concept

Occupational annuity: refers to supplementary old-age insurance other than the basic old-age insurance for public officials.

Enterprise annuity: refers to the supplementary old-age insurance system voluntarily established by enterprises and their employees on the basis of participating in basic old-age insurance according to law.

Second, the payment standard

Occupational annuity: the unit pays 8% of the total salary of the unit, and the individual pays 4% of the salary paid by himself.

Enterprise annuity: the annual contribution of an enterprise shall not exceed one twelfth (8.33%) of the total wages of its employees in the previous year, and the total contribution of enterprises and employees shall generally not exceed one sixth (16.67%) of the total wages of its employees in the previous year.

Third, the way of receiving

Occupational annuity: Staff receive occupational annuity treatment on a monthly basis after retirement.

Enterprise annuity: employees can receive enterprise annuity treatment in one lump sum or by stages after retirement.

Iv. insurance conditions

Occupational annuity: compulsory. (Institutions and institutions establish occupational annuities for their staff on the basis of participating in the basic old-age insurance. )

Enterprise annuity: voluntary participation. (To participate in the basic old-age insurance according to law and fulfill the obligation of payment, and at the same time have the corresponding economic affordability, and have established a collective negotiation mechanism. )

Fifth, the difference between models. Enterprise annuity is a real DC mode investment operation in which personal accounts are completely accumulated, and the amount of benefits received by the insured varies with the amount of accumulated funds. This model focuses on corporate responsibility, and investment risks are shared by enterprises and individuals. Personally, I think that although the occupational annuity also belongs to DC mode, it will not reduce the treatment of the guarantor if it is combined with basic insurance. Therefore, on the whole, it is more inclined to DB mode, paying more attention to state responsibility at least during the transition period, and the investment risk has not been completely transferred to units and individuals, which is supervised by the basic insurance part, so it is impossible to simply define occupational annuity with DC mode.

Sixth, the managers are different. In the operation of enterprise annuity investment, market institutions with annuity management qualifications participate in entrustment, account management, custody and investment. The account managers of occupational annuities are the central and provincial social security agencies. Without the participation of market institutions, they can save operating costs, give full play to the social insurance service advantages of the agencies, and facilitate the connection with the collection and payment of basic old-age insurance.

Because of the mode and manager, I personally think it is better to choose occupational annuity.