What does it mean to link personal endowment insurance?

Personal endowment insurance files are called by the company, or entrusted by the labor department, and individuals are not allowed to keep the files themselves.

First, although the cumulative payment period is above 10 or 15, and I have reached the legal retirement age, I can enjoy pension benefits, but the longer the payment period, the more the payment amount, and the more the future pension, and vice versa.

Two, employees should participate in the basic old-age insurance, by? Employers and employees jointly pay the basic old-age insurance premium. Generally speaking, the endowment insurance is 20% for the unit and 8% for the individual.