What does the social security enterprise annuity mean?

Legal analysis: Enterprise annuity is a supplementary endowment insurance independently established by enterprises and a supplement to social security. Without social security, you can't establish an annuity. But whether to establish an annuity has no effect on social security. Annuity insurance refers to life insurance in which the survival of the insured is the condition for payment of insurance benefits, and the survival insurance benefits are paid in installments at agreed time intervals. Annuity insurance is also a kind of life insurance with the survival of the insured as the payment condition, but the payment of survival insurance usually takes the form of paying a certain amount according to the annual cycle, so it is called annuity insurance.

Legal basis: Article 2 of People's Republic of China (PRC) Social Insurance Law The state establishes social insurance systems such as basic old-age insurance, basic medical insurance, industrial injury insurance, unemployment insurance and maternity insurance. To ensure citizens' right to receive material assistance from the state and society in accordance with the law in cases of old age, illness, work injury, unemployment and maternity.