Enterprise social security occupational annuity

I. Concept

Occupational annuity: refers to supplementary old-age insurance other than the basic old-age insurance for public officials.

Enterprise annuity: refers to the supplementary old-age insurance system voluntarily established by enterprises and their employees on the basis of participating in basic old-age insurance according to law.

Second, the payment standard

Occupational annuity: the unit pays 8% of the total salary of the unit, and the individual pays 4% of the salary paid by himself.

Enterprise annuity: the annual contribution of an enterprise shall not exceed one twelfth (8.33%) of the total wages of its employees in the previous year, and the total contribution of enterprises and employees shall generally not exceed one sixth (16.67%) of the total wages of its employees in the previous year.

Third, the way of receiving

Occupational annuity: Staff receive occupational annuity treatment on a monthly basis after retirement.

Enterprise annuity: employees can receive enterprise annuity treatment in one lump sum or by stages after retirement.

Iv. insurance conditions

Occupational annuity: compulsory. (Institutions and institutions establish occupational annuities for their staff on the basis of participating in the basic old-age insurance. )

Enterprise annuity: voluntary participation. (To participate in the basic old-age insurance according to law and fulfill the obligation of payment, and at the same time have the corresponding economic affordability, and have established a collective negotiation mechanism. )

Verb (abbreviation of verb) the scope of the insured.

Occupational annuity:

1. refer to the units managed by the civil service law.

2, according to the civil service law management organs (units), institutions and their staff.

Enterprise annuity:

1, SMEs

2. Transformation of cultural publishing institutions

3. Research-oriented state-owned enterprises

4. Social organizations, etc.

Verb (abbreviation of verb) pension insurance relationship transfer

Occupational annuity: Insured personnel flow between institutions within the same overall planning scope, only transferring the pension insurance relationship, not the fund. If it flows across the scope of overall planning or between government agencies, institutions and enterprises, and the relationship between old-age insurance is transferred, the storage amount of individual accounts of basic old-age insurance will be transferred accordingly.

Enterprise annuity: if the insured's job changes and the new unit has implemented the enterprise annuity system, his personal enterprise annuity account needs to be transferred; If the new unit does not implement the enterprise annuity system, its individual enterprise annuity account will continue to be managed by the original management institution.

Similarities:

1, occupational annuity and enterprise annuity must be established on the basis of participating in basic old-age insurance.

2. Occupational annuity and enterprise annuity expenses must be paid by the government or enterprises and individual employees.

Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.