Extended data:
1, according to the pension financing method:
In practice, the ways of raising pensions formulated by enterprises can be divided into two ways: funded retirement and unfunded retirement.
2. Retirement measures for deposit funds
Enterprises withdraw retirement funds and hand them over to independent trust institutions, such as banks or insurance companies for safekeeping and use. When employees retire, the trust pays the pension from the retirement fund. If an enterprise fails to fully fulfill its obligation to pay pensions, it may not withdraw pension funds.
3. Retirement measures for non-deposit funds
If the enterprise fails to withdraw the pension fund and deliver it to the trust institution for safekeeping and use, or if the enterprise withdraws the pension fund but delivers it to the trust institution for safekeeping and use, when the employee retires, the enterprise will raise funds by itself to pay the pension. Compared with the retirement method of deposit fund, this method lacks the protection of employees' pension.
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