Occupational annuity means that enterprises or institutions pay a certain percentage to provide economic security for employees after retirement. According to the relevant laws and regulations of our country, the contribution ratio of occupational annuity should be between 8%- 14%. The specific deposit ratio should be comprehensively considered according to the nature of the enterprise, the location, the wages of employees and other factors. Among them, the contribution ratio of occupational annuity belongs to one of the fixed enterprise annuity plans. When making an annuity plan, enterprises need to meet the requirements of relevant laws and policies and make reasonable plans and arrangements for the proportion of occupational annuities. In addition, enterprises need to establish a sound annuity management system to ensure the safe and effective operation of occupational annuity funds.
What laws and regulations should be observed in the proportion of occupational annuity payment? The payment ratio of occupational annuity needs to comply with the Provisional Regulations on Enterprise Annuity, Measures for the Supervision of Enterprise Annuity Fund and other relevant laws and regulations. At the same time, all provinces and regions also have corresponding implementation rules and policy documents to implement.
As one of the important forms of enterprise welfare, occupational annuity plays an active role in improving the welfare level of employees and enhancing their sense of belonging and cohesion. In the process of determining and implementing the deposit ratio, enterprises need to abide by the requirements of relevant laws and policies, establish a sound annuity management system, and ensure the safe and effective operation of occupational annuity funds.
Legal basis:
Article 13 of the Provisional Regulations on Enterprise Annuities in People's Republic of China (PRC) shall pay the enterprise annuity fund according to a certain proportion of the total wages of employees, and the proportion shall not be less than 8% of the social insurance premiums payable to employees, and in principle shall not be higher than 14%.