Are enterprise annuities and pensions the same thing?

Enterprise annuity and pension are not the same thing

1. Enterprise annuity is a supplementary retirement protection plan provided by enterprises for employees. It is a form outside the national basic old-age insurance system, which is independently established, managed and operated by enterprises. Enterprise annuity can help employees get more economic income and improve their quality of life after retirement.

2. Pension refers to a social security benefit in the national basic old-age insurance system, which was established to solve the problem of population aging and social pension.

3. Enterprise annuity and pension are established to solve the problem of insufficient economic income after retirement, but they belong to different categories, with different management methods and different sources of funds.

(1) "Retirement pension" refers to the basic pension insurance in social security, which is owned by all employees of the company and is an insurance that the government departments apply for compulsory execution. People often say that "five insurances and one gold" include basic old-age insurance, that is, "retirement pension".

(2) Enterprise annuity is another form of insurance, not all employees of the company have it. Generally, large, medium and small state-owned enterprises, institutions and institutions will set up enterprise annuities, while small and medium-sized enterprises usually do not have enterprise annuities.

(3) The amount of "retirement pension" is certain, and the amount of basic old-age insurance needs to comply with relevant laws and regulations and the provisions of the local social security bureau.

(4) What is the payment of enterprise annuity? The actual amount is discussed by the company and employees. How much is the reward? The company and employees can discuss it themselves.

(5) The "retirement pension" is mandatory, and the enterprise annuity can be paid if you want or not.

To sum up, it is not difficult to see that enterprise annuity and retirement pension are not the same thing.

Legal basis:

Article 1 of the Measures for Enterprise Annuities

In order to establish a multi-level old-age insurance system, promote the development of enterprise annuities, and better protect the life of employees after retirement, these measures are formulated in accordance with the Labor Law, the Labor Contract Law, the Social Insurance Law, the Trust Law and the relevant provisions of the State Council.

second

The term "enterprise annuity" as mentioned in these Measures refers to the supplementary endowment insurance system independently established by enterprises and their employees on the basis of participating in the basic endowment insurance according to law. The state encourages enterprises to establish enterprise annuities. The establishment of enterprise annuity shall be implemented with reference to these measures.

Article 10 of the Social Insurance Law of People's Republic of China (PRC), employees shall participate in the basic old-age insurance, and the employer and employees shall jointly pay the basic old-age insurance premium. Individual industrial and commercial households without employees, part-time employees who have not participated in the basic old-age insurance in the employer and other flexible employees can participate in the basic old-age insurance, and individuals pay the basic old-age insurance premium. The measures for the endowment insurance of civil servants and staff managed by reference to the Civil Service Law shall be formulated by the State Council.