December 16, 2008

Shanghai pension expand into new markets financial institutions Zhengshi

Shanghai society organizations will also be gradually implemented pension system, employees make in social security has been further improved, but also for the management and operation of the pension has opened up new markets.

October 31, including Shanghai Yongjunyouzhu Foundation, the Shanghai Institute of Certified Public Accountants, Shanghai Institute of the bridge, and so the first batch of 27 community organizations, with Taikang Pension Insurance Co., Ping An Endowment Insurance Company Limited, the Yangtze River old-age insurance Limited number of professionals such as the operation of the pension agency signed a "entrusted with the management of an annuity contract" and "pension account management contract."

In accordance with the relevant provisions of the pension and social workers to pay co-financing, in which units can not exceed the annual unit on the total amount of annual wages of 1 / 12 to pay, the employees can not exceed my income last year of 1 / 12 to pay , In pre-tax expenses or pre-tax deduction. Pension employees note in the accounts, to pay some of the units may be a certain flexibility in the allocation for the program. Workers to reach retirement age can receive one or more points on.

Since 2004, the pension system in our country has entered a stage of development norms, but not fully implemented in the enterprise, social organizations and the preparation of financial resources due to the nature of the differences in treatment in accordance with its retirement business for staff, to a certain extent, the impact of human social organization Team-building and public welfare.

Shanghai Civil Affairs Bureau, deputy director of Fang-ping said that if the pension system, social organization to run properly, retired employees can be significantly improved treatment will be even closer to retirement than the current treatment institutions.

However, participation in pension plans is a small number of social organizations. It is understood that the Shanghai social organizations a total of more than 8700 and to 700 per year to grow at a rate of 800, but the establishment of the first batch of pilot pension system, only 59 units. Shanghai Civil Affairs Bureau, told reporters that the persons concerned, because of funding problems, most of the conditions to implement the pension system are city-level social organizations. "But you have to use the development point of view this matter."

Aged Ping An Insurance Co., Ltd. Shanghai Branch LIU Dong-yun, deputy general manager said that the social organization as a special category of social organizations, with more than a certain amount of public service color is not entirely the for-profit organizations, their occupational pension scheme depends on the establishment of the corresponding In charge of government support. The relevant departments of Shanghai's importance, but also a large number of pension operators see the opportunity, including the Industrial and Commercial Bank (601,398, it shares), China Construction Bank (601,939, it shares), Bank of Communications (601,328, it shares) and other The institutions have joined.

It is understood that since 2006 the formal launch of the enterprise annuity program, currently in Shanghai have been hundreds of new units in the enterprise annuity program. Changjiang Pension Insurance Company in Shanghai due to take up the stock of more than 180 billion pension fund, making it the largest current capital of the trust-based professional pension managers.

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