What does enterprise annuity mean? How to pay the enterprise annuity?

Enterprise annuity is a supplementary old-age insurance system, which refers to the supplementary old-age insurance system independently established by enterprises and their employees on the basis of participating in the basic old-age insurance according to law.

Enterprise annuity is an important supplement to the national basic old-age insurance, and it is the "second pillar" to improve the old-age insurance system for urban workers in China (consisting of basic old-age insurance, enterprise annuity and personal savings old-age insurance). In countries with modern social insurance system, enterprise annuity has become a common supplementary pension plan for enterprises, also known as "enterprise annuity plan" or "occupational annuity plan", and has become an important part of the old-age insurance system in the host country.

At the end of 20021,there were 1 17500 enterprises with 28.75 million employees. At the end of the year, the investment and operation scale of enterprise annuity was 26 1 trillion yuan, and the investment income of that year was124.2 billion yuan.