Statement of not participating in enterprise annuity
I am XXX, my identity number is XXX, I am an employee of XXX, and I know "XXX".
my signature (fingerprint): ××××××××××××××××××××××××××××××××××××××××××××××××××××××××××××××××××××××××××××××××××××××××××××××××××××××××××××××××××××××××××××××××××××××××××××××××××××××××××××××××× Enterprises and employees regularly pay insurance premiums according to a certain proportion (in which employees can choose to pay the proportion or apply to give up joining the enterprise annuity plan), and the level of enterprise annuity when employees retire depends on the scale of capital accumulation and its investment income. Its basic characteristics are:
(1) simple and easy to operate, with high transparency;
(2) The payment level can be appropriately adjusted according to the economic situation of the enterprise;
(3) Insurance premiums paid by enterprises and employees are exempt from taxation, and their investment income is given preferential tax reduction and exemption;
(4) The individual employee bears the relevant investment risks, and the enterprise does not bear the obligation to pay insurance beyond the regular payment in principle.
II. Advantages of annuity payment
(1) It is simple and flexible. The employer does not undertake the obligation to provide a certain amount of pension in the future, and only needs to set a certain contribution rate according to the pre-calculated pension amount, and does not undertake actuarial responsibility. This work can be undertaken by life insurance companies;
(2) Pensions are included in personal accounts, which are very attractive to employees. Once participants terminate their pension plans before retirement, they can have a wide range of options to dispose of their account balances;
(3) The enterprise annuity of this plan does not need to participate in the reinsurance of the termination of the pension plan. If the employee encounters major economic difficulties, he can terminate the pension plan at any time without taking any responsibility.
Third, the defects of annuity payment:
(1) The pension of employees when they retire depends on the amount of pension in their personal accounts, and the pension levels of employees of different ages who participate in the pension plan are quite different after retirement;
(2) The pension in the personal account is greatly influenced by the investment environment and inflation, and it is difficult to maintain and increase the value of the pension in the case of persistent inflation and poor investment returns;
(3) Paying an annuity encourages employees to receive the pension in one lump sum when they retire, and terminates the pension insurance relationship. However, retirees often have to endure higher income tax rates because of the relatively large amount of one-time payment; In addition, the pension that pays the annuity is completely decoupled from the pension of the social security plan, and it is easy for different people to have a high or low pension replacement rate.