1. Evolution of enterprise annuity Enterprise annuity refers to a supplementary pension insurance system voluntarily established by enterprises and their employees on the basis of participating in basic pension insurance in accordance with the law. It evolved from the original enterprise supplementary pension insurance and personal savings pension insurance.

In 1991, the State Council issued the "Decision on the Reform of the Pension Insurance System for Enterprise Employees" (Guofa [1991] No. 33). The document stipulated that in addition to basic pension insurance, supplementary pension insurance for enterprises shall be provided by enterprises based on their own economic capabilities.

It is established by enterprise employees, and the required expenses are drawn from the reward and welfare funds in the enterprise's own funds; personal savings pension insurance is voluntarily participated by employees based on their personal income.

In April 1993, the provincial company issued the "Interim Measures for Enterprise Supplementary Pension Insurance and Employees' Personal Savings Pension Insurance" with Jindianlaozi [1993] No. 19, requiring all affiliated units to implement the employee pension insurance system.

Make supplementary pension insurance and savings pension insurance synchronized and implemented to the same standards.

The standard of supplementary pension insurance must be determined through calculation and calculation based on the economic situation of the enterprise, and at the same time, combined with the income level of individual employees, to ensure that the standards of supplementary and savings are consistent; it is necessary to establish enterprise supplementary and personal savings pension insurance ledgers and registration cards, and integrate the enterprise

Supplementary and personal savings pension insurance should be filled in the "Employee Pension Insurance Manual", and the employee should sign and seal it after confirmation.

The insurance premiums collected will be deposited into a special account opened in a local bank by the insurance agent, and no unit or individual may use it without authorization.

In 2000, the State Council decided to rename enterprise supplementary pension insurance to enterprise annuity, implement market-oriented management and operation, and provide tax incentives for enterprise contributions.

In January and February 2004, the Ministry of Labor and Social Security formulated and promulgated the "Trial Measures for Enterprise Annuity Fund Management" and the "Interim Measures for the Qualification of Enterprise Annuity Fund Management Institutions".

"Measures" established the basic framework of the enterprise annuity system, embodying the principles of national policy support, independent establishment of enterprises, market management and operation, and strengthened government supervision.

In May 2004, the provincial company followed Order No. 20 and Order No. 23 promulgated by the Ministry of Labor and the "Notice on the Opinions on Implementing the "Trial Measures for Enterprise Annuities" and "Trial Measures for Enterprise Annuity Funds" on Issues Related to the Implementation of the "Trial Measures for Enterprise Annuity Funds" issued by the General Office of the People's Government of Shanxi Province

(Jin Zheng Ban Fa [2004] No. 64) and the relevant regulations of the State Grid Corporation of China, the "Enterprise Annuity Implementation Measures of Shanxi Electric Power Company" were drafted. After collective discussion and approval by the company's employees' congress, the enterprise annuity system was formally established.

Our company subsequently issued the "Implementation Rules for Enterprise Annuity of Taiyuan Power Supply Branch".

The proportion of enterprise annuity withdrawals is in accordance with national and provincial regulations, that is, one-twelfth (8.33%) of the total employee wages in the previous year, and is turned over to the provincial company, which is turned over to the State Grid Corporation for unified management and operation.

The State Grid Corporation of China submitted the plan to the Ministry of Labor and Social Security in accordance with regulations.

In September 2006, the Ministry of Labor and Social Security issued the "Notice on Further Strengthening the Management and Supervision of Social Insurance Funds" (Ministry of Labor and Social Security Issue [2006] No. 34), which for the first time clearly stated that "Ministry of Labor and Social Security Order No. 20 and 23

Enterprise annuity plans established before the promulgation must be handed over to qualified institutions for management and operation before the end of 2007."

It is required that previously established enterprise annuities be handed over to qualified institutions for management and operation.

In August 2007, State Grid Corporation of China held a meeting to transfer enterprise annuities to various provincial grid companies in accordance with the Ministry of Labor and Social Security's "Opinions on Handling the Transfer of Original Enterprise Annuities" (Lao She Bu Fa [2007] No. 12)

Manage yourself.

2. Enterprise Annuity Fund Management The branch has established enterprise supplementary and personal savings pension insurance personal accounts since July 1993. Enterprise payment and personal payment are synchronized and implemented at the same standard based on the employee's seniority of one yuan per year. The company's financial department is responsible for

account for fund management.

From May 1, 2004, personal enterprise annuity accounts will be officially established.

The source, withdrawal ratio and allocation method of enterprise payment funds have been greatly changed. The source of funds has changed from being withdrawn from the enterprise's own funds from rewards and welfare funds to being disbursed from costs and expenses; the enterprise payment ratio has been changed from the original one based on

The employee's 1 yuan per year of service was changed to one-twelfth (8.33%) of the employee's total salary in the previous year; the enterprise allocation method was changed from the original employee's 1 yuan per year of service to 1 yuan per 1 year of service.

My seniority and total salary of the previous year are allocated to my personal account.

Specific method: The seniority part is transferred to the personal account on a monthly basis based on the standard of 4 yuan per year of service. The balance of the salary part after distribution according to the seniority is based on the total salary of the previous year and is multiplied by the corresponding proportion and transferred to the personal account.

Starting from May 2004, the branch company will hand over all the original enterprise supplementary pension insurance (stock funds) and enterprise annuities (incremental funds) to the Provincial Company Electric Power Enterprise Annuity Management Center, and the provincial company will centrally collect them into the State Grid Social Security Center

The management special account is managed uniformly by the State Grid Annuity Center in accordance with the principle of two lines of revenue and expenditure, centralized and standardized operations, value-added and maintained, and its interest income is uniformly calculated and distributed.