Insurance Blog » china insurance

What is old-age insurance of enterprise supplementary ?

youhan — Sun, 15 Nov 2009 12:31:15 +0000

Supplementary old-age insurance companies refers to companies in accordance with their economic strength, national implementation of the provisions in the policy and implementation under the conditions established by the enterprise staff and workers of a supplementary pension insurance. It is living in a multi-level old-age insurance system in the second level by the national macro-guidance to the implementation of internal decision-making.

Enterprise supplementary old-age insurance and basic pension insurance both have different contact. The difference is mainly reflected in two kinds of old-age insurance, the different levels and functions, their contact is mainly reflected in two kinds of old-age insurance policy and the level of closely interlinked. Supplementary pension insurance companies by the labor security department, the units in the implementation of supplementary pension insurance, should be selected by the labor security administrative department finds that the agency managers. Supplementary pension insurance companies to raise funds means there is a cash system, part of the accumulated total accumulation system and the system of three kinds. Supplementary old-age insurance by business enterprises is fully committed to, or by both businesses and employees share the burden borne by the ratio determined by agreement between employers and employees. Within the enterprise are generally manned by both employers and employees the composition of the board of directors is responsible for enterprise supplementary pension insurance.

What Is Old-Age Insurance Of Personal Savings ?

youhan — Sun, 15 Nov 2009 12:27:35 +0000

Employee personal savings of old-age insurance is a multi-level old-age insurance system in China is an integral part of the voluntary participation by employees, voluntary agencies should choose a supplement form of insurance. By social insurance institutions administered by the staff and workers of old-age insurance, personal savings, from the social insurance authorities to develop specific measures, the wages of individual workers according to their income, according to the provisions of personal savings to pay pension premiums, credited to the local social insurance institutions in the banks to open personal account of pension insurance, and shall not be less than or higher than the same period in urban and rural residents in interest-bearing savings deposit interest rate in order to promote and encourage individual workers to participate in savings of pension insurance, the interest income credited to individual accounts, principal and interest go together all individual workers. Approved to meet the statutory retirement age of workers after retirement, my personal account will be savings of a lump-sum pension payments paid to me or sub-sub-. Trans-regional mobility of workers, personal savings accounts of old-age insurance payments should be transferred. Workers not yet reached the retirement age for death, the savings credited to individual accounts of pension insurance by its nominee or legal heirs of succession. The implementation of staff personal savings of old-age insurance is intended to expand the sources of financing old-age insurance, multi-channel to raise old-age insurance funds, to reduce the burden on the state and enterprises; help to eliminate the formation of long-term insurance costs entirely by the state to "down" concept, enhance workers to self-protection awareness and participation in social insurance initiative; but also can promote the implementation of social insurance work in a wide range of public supervision.

Personal savings of old-age insurance, supplementary pension insurance and enterprise put into practice methods of linking in order to promote and improve the employee's active participation.

Which several levels is divided into by chinese old-age insurance system?

youhan — Wed, 11 Nov 2009 12:23:57 +0000

Chinese old-age insurance system after the reform of China's pension insurance system is divided into three levels:

First,the basic old-age insurance, which is based on national unity policies and regulations imposed to protect the majority of the basic needs of retired personnel of a pension insurance system;

Second,upplementary pension insurance company, which is the enterprise in accordance with their economic strength, national implementation of the provisions in the policy and implementation under the conditions established by the enterprise employees a supplementary old-age insurance by the State macro-guidance to the implementation of internal decision-making;

Third,personal savings of chinese old-age insurance, which is the voluntary participation by individual workers, voluntary agencies handling the form of supplementary insurance. After the two levels of enterprises and individuals can choose to make old-age social insurance premiums deposited in accordance with the regulations set up by chinese old-age insurance fund account, you can choose to commercial insurers.