Research Of Enterprise Annuity System

With the increasingly aging problem in china, there is a serious shortage of thebasic old-age insurance funds, and it is very difficult to deal with the growing "silvercrisis". As a second pillar of our pension system, development of the EnterpriseAnnuity System plays a decisive role on the section of making up the shortfall ofpension, enhancing its replacement rate, promoting human resource competition, andboosting the development of capital markets in our country, etc.This paper starts in the concept and features of enterprise annuity, which firstlyhas made a brief introduction to the development of enterprise annuity in the UnitedStates, Hong Kong and other developed countries and regions, and combined withChina’s actual conditions. Also, it has overviewed and analyzed of the relevanttheories and policies at home and abroad as well as the development environmentbased on. Secondly, this paper focuses on the important role which is playing by theenterprise annuity in expounding China’s supplementary pension annuity in economicand social development, enhancing corporate image and corporating pension fundsand cohesion for promoting the capital market.With the basic situation above, this paper also makes an in-depth analysis withthe political environment, economic environment, social environment and thetechnical aspects environment in the development of enterprise annuity. After that, itshows the current China’s Enterprise Annuity pension plans are facing problems asthe development of enterprise annuity in SMEs slows down, the tax incentives ofenterprise annuity are not in place, the design of enterprise annuity system is lack ofspecifications and the regulatory regime of enterprise annuity system is imperfect,etc.In response to these problems, we advocate: government should relocate ourenterprise annuity, make the tax incentives and regulatory regimes of enterpriseannuity more comprehensive, and create a standardized investment environment forthe enterprise annuity fund; and enterprises should establish and improve the modernenterprise annuity system, strengthen human resource management and payroll welfare reform, at the same time should also make their union and congress playcatalytic role in this process; commercial insurance companies should Accelerate thedevelopment of annuity products, strengthen management, service capabilities andthe level of investment.Final conclusion: enterprise annuity system is an integral part of our presentpension system, to strengthen research and discussion of enterprise annuity systemshows a strategic significance to promote China’s pension system and comprehensivedevelopment of enterprises.