Insurance Blog

        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.