Legal analysis: 1. If an employee is disabled or incapacitated due to an accident, the enterprise annuity will be paid for 20 years, counting from the date when the employee's industrial injury disease is identified; 2. When employees reach the age of 60, the annuity payment time will be reduced by one year for each additional year; 3. When an employee reaches the age of 75, the enterprise annuity payment has reached 5 years. The above is the time when enterprise annuities are generally distributed.
Legal basis: Measures for Enterprise Annuities
Fifteenth enterprise payment shall not exceed 8% of the total wages of employees of the enterprise every year. The total contributions of enterprises and employees shall not exceed 12% of the total wages of employees of the enterprise. The specific expenses shall be determined through consultation between the enterprise and the employees. Individual contributions of employees shall be withheld and remitted by enterprises from individual wages of employees.
(1) When employees reach the retirement age stipulated by the state or completely lose their ability to work, they can receive enterprise annuities from their personal accounts on a monthly basis, in installments or at one time, or they can purchase commercial endowment insurance products with all or part of the funds in their personal accounts, and receive treatment according to the insurance contract and enjoy the corresponding inheritance rights; (two) the enterprise annuity personal account funds of the people who settle abroad can be paid to me in one lump sum according to my requirements; (three) after the death of employees or retirees, the balance of enterprise annuity personal accounts can be inherited.