The Bank of China enterprise annuity is borne by individuals and enterprises, and it also belongs to the company.

1. Rules for Bank of China’s corporate annuity.

Enterprise annuity payments are borne by both the enterprise and the individual. There will be a "vesting rule" clause in the enterprise annuity plan (if there is no such clause, it will be assumed that 100% of the enterprise payment part belongs to the individual). In the attribution rules, the enterprise

It will be clarified that part of the rights and interests paid by the enterprise shall be vested in the employees' personal accounts in proportion according to the employees' working years in the enterprise.

____2. The equity of Bank of China’s enterprise annuity can be vested in the enterprise.

For corporate annuity personal accounts and investment income, the maximum vesting period for 100% of the equity shall not exceed 8 years.

If an employee resigns after less than 8 years of service in the company, the part of the company's unvested rights and interests that have not vested in the employee's personal ownership will belong to the original company. This part of the fund's rights and interests does not belong to the employee's personal ownership, and cannot be transferred to the employee's new employer.

Enterprise annuity enterprise's proportional contributions cannot be equated to employees' personal account funds. Enterprise employees must have worked in the enterprise for more than 8 years before enterprise annuity enterprise payment rights can be 100% vested in employees' personal accounts.

3. Full vesting of enterprise annuities.

The full vesting of enterprise annuity means that after employees retire, the enterprise annuity paid while on the job will be paid out on a monthly basis based on the number of months of payment until the balance in the personal annuity account is fully collected.

In other words, the number of years for employees to fully receive the total amount of personal enterprise annuity accounts.

We know that enterprise annuity is a monthly payment based on a certain proportion of the basic salary when employees are on the job. It is borne by both the unit and the individual. A special account is established and managed and operated by a specialized agency. It accrues interest. It is paid monthly after retirement and is earmarked for special purposes.

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It can be seen that the enterprise annuity, to be precise, is a part of the individual's salary and interest that is paid with lag, and it belongs completely to the individual employee.

All corporate contributions and individual contributions are credited to personal accounts, and the rights and interests formed by the personal payment portion are all owned by the participants. The rights and interests formed by the corporate payment portion are vested according to the rights vesting rules stipulated in the enterprise annuity plan. The vested rights and interests are owned by the participants personally.

, the unvested interest belongs to the company.

(1) Personal contributions and investment income belong to individual employees.

(2) Enterprise contributions and investment income shall be vested in individual employees in proportion year by year according to their service years until 100% is fully vested.