XXWhen the employee reaches the retirement age specified by the state or is completely incapacitated, he or she may receive the enterprise annuity from the personal account of the enterprise annuity on a monthly, divided or one-time basis, or purchase the commercial pension from all or part of the personal annuity account of the enterprise annuity. Insurance products, receive benefits according to the insurance contract and enjoy the corresponding inheritance rights.
According to the statistics of the Ministry of Human Resources and Social Security, at the end of 2018, 87,400 enterprises across the country established enterprise annuities, participating in 23.88 million workers, and the accumulated balance of enterprise annuity funds at the end of the year was 1,477.0 billion yuan.
3. Professional annuity
The occupational annuity refers to the supplementary endowment insurance system established by the government institutions and their staff on the basis of the basic endowment insurance of the institutions and institutions.
The expenses for the occupational annuity are shared by the unit and the individual staff. The proportion of the unit paying the occupational annuity is 8% of the total salary of the unit, and the individual contribution rate is 4% of the person's contribution wage, which is withheld by the unit. The unit and individual contribution base is consistent with the basic pension insurance contribution base of the staff of government agencies and institutions.After handling the retirement procedures in accordance with the law, I choose to receive the occupational pension treatment on a monthly basis.For example, when a employee retires or retirees, he or she can withdraw the stored balance in the housing provident fund account and cancel the employee housing provident fund account.
According to the statistics of the Ministry of Housing and Urban-Rural Development, in 2018, the housing provident fund paid in units of 2,915,900, and the paid-in workers were 14,436,410.
In order to improve the welfare system for the elderly, protect the funds for old-age services, and improve the quality of life of the elderly, local governments have successively introduced subsidies for the elderly, such as senior citizens and disability, at the provincial level. According to the requirements of the Ministry of Civil Affairs, these Huimin system for the elderly are striving to fully cover the provincial level during the 13th Five-Year Plan period.