Occupational annuity can be regarded as a supplementary old-age insurance system, which is neither social insurance nor commercial insurance, but a unit welfare system.

20 14, 10, 1 The occupational annuity system for staff of government agencies and institutions was formally established, with the purpose of ensuring the retirement life of staff of government agencies and institutions and promoting the rational flow of human resources.

To put it bluntly, occupational annuity and basic old-age insurance are equivalent to "double insurance" for the old-age care of staff in government agencies and institutions.

02. How to pay the occupational annuity? How much do I have to pay every month?

Payment base: consistent with the basic old-age insurance payment base;

Payment ratio: 8% for the unit and 4% for the individual;

Account setting: only personal account is set, which is different from the setting of dual accounts of pension insurance basic account and personal account;

For example, suppose Xiaoming's pension insurance payment base is 5,000, then the monthly occupational annuity paid by the unit is 5,000 * 8% = 400 yuan, and the individual pays 4%, that is, 200 yuan (the unit will withhold it from the salary), and all of this 600 yuan will flow to the personal account.

However, you can't take this money while you are in office. As for how and when to take it, it will be introduced later.

03. How to transfer the occupational annuity?

What should Xiaoming do if he resigns or changes his job? How to transfer the occupational annuity?

In one case, the job was promoted or changed. For example, if you transfer from the tax bureau to the provincial finance bureau, the occupational annuity can be transferred accordingly, and the new unit can continue to pay for it, and the fund can continue to accumulate;

On the other hand, if Xiaoming doesn't have an occupational annuity in his new unit after entering a higher school, joining the army, resigning or re-employment, then the occupational annuity can't be taken out for the time being and can only be managed and operated by the original management organization.

04. Who will help me manage the occupational annuity in my account?

Since there is no occupational annuity for the time being, who will help me manage this money? The answer is market-oriented investment operation.

Simply put, occupational annuities can be used as investment funds, just like pension funds and social security funds. In line with the principle of "prudence and risk diversification", invest in the securities market to obtain income, and ensure the safety, profitability and liquidity of occupational annuity funds to the maximum extent.

From the perspective of income, Xiaoming's total occupational annuity after retirement includes operating income and other income, which is equivalent to "interest".

05. How to withdraw the occupational annuity?

There are three ways to extract occupational annuity:

One is to use it as a supplementary pension or to buy commercial insurance when retiring;

Assuming that the total amount of occupational annuity account of Xiaoming is 300,000 when he retires, Xiaoming can choose "monthly withdrawal", that is, 300,000 yuan per month/139 months = yuan; If Xiaoming's pension is 3,000 yuan per month, he can get 100 yuan per month after adding the occupational annuity.

Of course, it can also be used to purchase commercial insurance fees at one time.

Second, living abroad can also be extracted;

Xiao Ming is going abroad, and he can also withdraw his occupational annuity. The total withdrawal amount is (400 yuan +200 yuan+operating income+other income) * payment months.

Third, if Xiaoming dies, his family can inherit and withdraw the occupational annuity;

As long as there is a balance in the account, Xiaoming's family members can inherit and withdraw the balance according to law, whether during their employment or after retirement.

In addition to the above three cases, the occupational annuity cannot be withdrawn under any other circumstances.

06. Institutions and institutions have occupational annuities. Does the enterprise have it?

Yes, but it's not called occupational annuity, it's called enterprise annuity.

The enterprise annuity system was established earlier. The system was established in 2004, but it is not mandatory. Voluntary payment by enterprises and employees.