Supplementary old-age insurance refers to the additional old-age insurance premium provided by enterprises for employees on the basis of fulfilling the obligation to pay the basic old-age insurance premium according to their own conditions, in addition to the basic old-age insurance premium stipulated by the state. Supplementary pension is a kind of additional welfare, which is the supplement and perfection of the state for enterprises to provide old-age insurance for employees.

Brief introduction of supplementary pension

Supplementary pension is an additional welfare guarantee provided by enterprises according to their own economic strength, and the required funds mainly come from their own funds and welfare funds. The state advocates encouraging enterprises to provide supplementary old-age insurance for individual employees, and at the same time gives some help and guidance in policy. Personal savings pension and supplementary pension will implement some combined policies. Supplementary old-age insurance will be credited to employees' personal accounts by social insurance institutions according to the unique number of residents' social security. Social insurance management institutions belong to non-profit organizations and are authorized and entrusted by the Pension Fund Committee to manage supplementary pensions.