Accelerate the development of China's Enterprise Annuity Countermeasures6726.doc

Accelerate the development of China's Enterprise Annuity CountermeasuresAbstract: In this paper, the current lag in the development of China's Enterprise Annuity the status quo, from the government, businesses and insurance companies, three aspects of China's Enterprise Annuity made to accelerate the development of specific measures. Key words: enterprise annuity tax incentives incentives             0 Introduction             Enterprise annuity, also known as occupational pension, supplementary pension insurance companies, private pension plans, refer to the government to enforce the basic endowment insurance system, the enterprises under the guidance of national policy, according to its own economic strength and economic conditions established by designed to provide a certain level of the enterprise's employees retirement income security system. As early as in 1991, China promulgated the "State Council on the pension insurance system for enterprise workers, the reform of decision" on the proposed: The State shall promote, encourage enterprises to implement supplementary pension insurance, thereby establishing a multi-level old-age insurance system. But after 10 years of time, we found that the development of China's Enterprise Annuity little bear fruit, as of the end of 2005, practitioners in the country to participate in enterprise annuity only 5.6 million people, the number of participants is less than 5% of the total number of urban workers, with the same the implementation of non-mandatory corporate pension plans cover 55% of the United States and the United Kingdom 50 to 60% of the coverage comparison, there are more obvious difference. Development lags behind the reality of enterprise annuity, has hampered the old-age insurance system reform of China's smooth and multi-level old-age insurance system was established. In this case, inquiring to speed up the development of China's Enterprise Annuity specific measures on important theoretical and practical significance.             I believe that to change the lagging development of China's Enterprise Annuity the status quo, to speed up the development of China's Enterprise Annuity must be from the government, businesses and insurance companies three aspects, namely, in their respective roles.             To play a role of the state             Although the enterprise annuity is an enterprise to choose, but they do set up an enterprise annuity plan is not just business things. Looking at the practice from the developed countries, the Government in the enterprise annuity plan living in an irreplaceable position. In order to better promote the development of China's Enterprise Annuity, the Government should play its full role, and should focus on the following three aspects:             1.1 to create a normative legal and regulatory environment. The implementation of enterprise annuity plan earlier, such as Germany, France and the United States, have developed a relatively sound corporate pension laws and regulations, standardize enterprise annuity system in operation, to ensure its healthy development has played an important role. China's Enterprise Annuity system in the establishment and development, we also need the support of laws and regulations. Should therefore be introduced as soon as possible suited to China's national conditions, the enterprise annuity laws and regulations.             1.2 bear the responsibility for the cost of digestion and conversion to reduce the basic pension insurance companies pay the burden. At present, China's old-age insurance system from the current pay-as-a unified system to the part of the accumulated debts of the reform process with the system, because unable to find an effective way to absorb the cost of conversion, the basic old-age insurance, while maintaining a high level of replacement rate (about 80%), resulting in China's basic old-age insurance, enterprises pay a heavier burden on the enterprise difficult to spare the development of enterprise annuity program. That is the basic old-age insurance, the burden is too heavy a toll of China's Enterprise Annuity hinder the development of an important reason. In view of restructuring costs of belonging to a historical problem, the Government should bear primary responsibility, to seek conversion to digest a variety of cost-effective way to reduce the enterprise in the basic old-age insurance payment burden, the development of enterprise annuities to create greater space.             1.3 provide preferential tax policy. The success of overseas experience shows that business tax incentives to promote the development of supplementary pension insurance is essential (such as the United States, the famous 401 (K) plan). According to China's actual conditions, tax incentives should include the following two aspects: First, sources of funding, the right of companies and employees for the payment of enterprise annuity income, the implementation of pre-tax Utrecht, part of the costs of preferential policies, while individual workers The section should be exempt from paying personal income tax. Although China in December 2000 issued a "on improving the urban social security system in the pilot program" in the pilot provinces for the implementation of the "supplementary pension insurance companies pay the wages of less than 4% of the total parts cost can be charged to "This tax preferential policies, but its intensity and scope of benefits to be further expanded. Second, the state response to the formation of enterprise annuity fund's investment operations by implementing preferential policies to enterprises operating income annuity investments exempt from income tax to ensure that increasing the value of the Fund. Reposted elsewhere in the paper for free download http:/             Two companies to play a role             Enterprises should make full use of preferential policies and the annuity's unique incentive features:             2.1 The use of tax incentives for workers to provide better pay structure. Compared with the other form of remuneration to enterprise annuity has a special advantage. For example, when compared with the same amount of money, due to the different tax policy, employees received through the enterprise annuity income will be higher than prize money. Compared with stock options, corporate annuity is not like the way the stock has shrunk, and because of its independent business, even if the company goes bankrupt, employees can still receive a pension, so the employees are more stable and reliable in terms of income . Therefore, enterprises can make full use of enterprise annuity for the employee to design a more comprehensive pay package.             2.2 The design of effective use of differentiated incentives. Enterprise annuity in the selection and design flexibility enables the company to the different length of service, different levels, different positions, different contributions to the staff to provide different protection scheme. As for the long length of service, job level of high, high-tech jobs and contribute to a large staff, can be designed to protect the higher amount and more comprehensive protection scheme; and a short length of service, rank low, post-tech low, a small contribution to the employees, their protection and lower limits. Enterprises should give full play to the advantages of enterprise annuity, insurance plans through appropriate design of an incentive to form an atmosphere, thereby mobilizing the staff enthusiasm for work, play to their maximum potential, in order to make more contributions to the development of enterprises.             2.3 The use of precipitation benefits to attract and retain talent. Enterprise Annuity the enterprise as a basic principle of voluntary participation and have a certain degree of welfare, belonging to the collective behavior of enterprises, so with the compulsory basic old-age insurance, compared to better reflect the importance attached to employees by enterprises, you can narrow the gap between business and employee feelings and attract the best employees to join. At the same time as corporate enterprise annuity can be the amount of work experience linked with employees, which in fact is the staff's loyalty to the provision of incentives to motivate staff long-term behavior, and because unlike the enterprise annuity, as is the immediate payment of salaries and bonuses, and but the benefits embodied in the form of precipitation, to a certain extent, can play a limited role of the brain drain. Therefore, there is strong enterprises should actively develop enterprise annuities, to attract and retain talent to become an effective tool.             Three insurance companies play the role of             With the basic endowment insurance management style very different from enterprise annuity required to obtain income through investment operations, in order to achieve the Fund's hedging and value-added, it has strong features of a commercial nature. Foreign enterprise annuity more by commercial insurance companies to operate, while China's Enterprise Annuity by the social insurance institutions, trade unions and other social groups and commercial insurance companies together to managers. The relative social insurance institutions and trade unions and other social groups, because the commercial life insurance company in handling enterprise annuity has a higher efficiency and better reflect the characteristics of a commercial enterprise annuity, therefore, life insurance companies in the promotion of China's Enterprise Annuity System the development process, should play an active role, and thus expand their business areas and competitiveness.             I believe that life insurance companies should follow the following three aspects: first, make full use of the current favorable situation, in particular, is the government's preferential policies implemented by the enterprise annuity, actively carry out the business aspects of enterprise annuity; second, according to the different requirements of enterprises , efforts to provide more and better enterprise annuity products and services; Third, give full play to insurance companies in the fund operational advantages, and strive to improve operational efficiency and effectiveness of the Fund to achieve the preservation and value-added enterprise annuity. Reposted elsewhere in the paper for free download http:/更好的翻译建议感谢您为 Google 翻译提供翻译建议。提供更好的翻译建议：Accelerate the development of China's Enterprise Annuity Countermeasures Abstract: In this paper, the current lag in the development of China's Enterprise Annuity the status quo, from the government, businesses and insurance companies, three aspects of China's Enterprise Annuity made to accelerate the development of specific measures. Key words: enterprise annuity tax incentives incentives             0 Introduction             Enterprise annuity, also known as occupational pension, supplementary pension insurance companies, private pension plans, refer to the government to enforce the basic endowment insurance system, the enterprises under the guidance of national policy, according to its own economic strength and economic conditions established by designed to provide a certain level of the enterprise's employees retirement income security system. As early as in 1991, China promulgated the "State Council on the pension insurance system for enterprise workers, the reform of decision" on the proposed: The State shall promote, encourage enterprises to implement supplementary pension insurance, thereby establishing a multi-level old-age insurance system. But after 10 years of time, we found that the development of China's Enterprise Annuity little bear fruit, as of the end of 2005, practitioners in the country to participate in enterprise annuity only 5.6 million people, the number of participants is less than 5% of the total number of urban workers, with the same the implementation of non-mandatory corporate pension plans cover 55% of the United States and the United Kingdom 50 to 60% of the coverage comparison, there are more obvious difference. Development lags behind the reality of enterprise annuity, has hampered the old-age insurance system reform of China's smooth and multi-level old-age insurance system was established. In this case, inquiring to speed up the development of China's Enterprise Annuity specific measures on important theoretical and practical significance.             I believe that to change the lagging development of China's Enterprise Annuity the status quo, to speed up the development of China's Enterprise Annuity must be from the government, businesses and insurance companies three aspects, namely, in their respective roles.             To play a role of the state             Although the enterprise annuity is an enterprise to choose, but they do set up an enterprise annuity plan is not just business things. Looking at the practice from the developed countries, the Government in the enterprise annuity plan living in an irreplaceable position. In order to better promote the development of China's Enterprise Annuity, the Government should play its full role, and should focus on the following three aspects:             1.1 to create a normative legal and regulatory environment. The implementation of enterprise annuity plan earlier, such as Germany, France and the United States, have developed a relatively sound corporate pension laws and regulations, standardize enterprise annuity system in operation, to ensure its healthy development has played an important role. China's Enterprise Annuity system in the establishment and development, we also need the support of laws and regulations. Should therefore be introduced as soon as possible suited to China's national conditions, the enterprise annuity laws and regulations.             1.2 bear the responsibility for the cost of digestion and conversion to reduce the basic pension insurance companies pay the burden. At present, China's old-age insurance system from the current pay-as-a unified system to the part of the accumulated debts of the reform process with the system, because unable to find an effective way to absorb the cost of conversion, the basic old-age insurance, while maintaining a high level of replacement rate (about 80%), resulting in China's basic old-age insurance, enterprises pay a heavier burden on the enterprise difficult to spare the development of enterprise annuity program. That is the basic old-age insurance, the burden is too heavy a toll of China's Enterprise Annuity hinder the development of an important reason. In view of restructuring costs of belonging to a historical problem, the Government should bear primary responsibility, to seek conversion to digest a variety of cost-effective way t