Enterprise Annuity System Development Status And Issues

Annuity program has become an important part of the retirement insurance system of China.As the supplement of the basic retirement insurance system,it plays a crucial role in the retirement insurance system of China.In China,enterprise annuity develops slowly and its coverage ratio is low.Meanwhile,the development of annuity program also exists many problems such as absent of favorable tax policy, slow development of small and medium-sized annuity program,weak regulation of government,unsound legal system,lower coverage ratio of annuity program, inadequate understanding,etc.In this paper,from the point of government policies, operations of annuity programs,business models of annuity program as well as the design of annuity program planning,wc use Qingdao Prot Group and Qingdao Haier Group and Qingdao cigarette company as examples to analyze the status of annuity program and to argue the problems described above.In order to prompt the construction of annuity program of China,we should above all consider the financial affordability and then take measures as follows: improving thc system of tax preferences,strengthening government regulation, avoiding tax loophole;introducing more preferential policies and plans of annuity program to small and medium-sized companies,reducing overhead;adapting proper measures to reduce the rate of basic retirement insurance step by step;perfecting legal system and policies;raising capital risk protection awareness and capabilities.