Optimization Of China's Enterprise Annuity System

Pension Insurance is not only an important aspect of modern social and economic life, but also employees basic rights of life, it has a very important role in the socio-economic which guarantee the basic livelihood of citizens, maintain the healthy and stable development of society, to promote coordination of sustainability. Pension insurance is a "stabilizer" and "safety net" to the whole society. Social pension insurance system is made of three pillars, which is the basic old-age insurance, annuity, pension insurance business. Compulsory basic old-age insurance was generally recognized that government has organized it. While the second pillar of the pension plan as a solution to social enterprise feasibility pension issues, has been widely recognized around the world. The role of business in the enterprise annuity is to give appropriate compensation to guarantee the basic living standards of living of workers, and thus prevent social unrest, to provide pension income is a conductive way to promote the advancement of civilization after retirement. The role of enterprise annuity will continue to strengthen in the future, and will become a useful supplement to the government pension system. Throughout the domestic and foreign social security, the development in each country has a great relationship to produce social security the formation and development of the pension system, the changes result of the pension system is due to the basic pension insurance, annuity constitute part, personal savings of the pension system of the interaction effects.This paper studies the enterprise annuity system, by finishing summed up the development stage of the evolution of enterprise annuity system and related literature to understand the necessity and significance of enterprise annuity. On the basis of qualitative research, quantitative estimates of the annuity should reach the payment level and the level of protection, and with the help of the model to analyze and discuss the results obtained.According to the results of this paper estimates show that China’s enterprise annuity payment rate and substitution rates have failed to reach capacity and the level of protection under our economic strength of commitment, it will be strengthen in the future and become a useful complement system.