Mode Of Operation Of The Enterprise Annuity Fund In Hunan Province And Supervision

Corporate pension funds is a complementary retirement income insurance system established voluntarily by the corporation and its workers on the basis of taking part in the basic one. It belongs to one of the welfare plans of the corporation inside. As for the corporation, the process of establishing pension plan is the process of choosing models in fact. It is also the process of communicating with each other, consulting continually by the custodians and trustees. The first choice which a corporation will face is to choose whether council based trustee models or corporated body based one when the corporation establishes the corresponding pension plan. A corporation should evaluate the condition of the corporation itself except for the advantages and disadvantages of all kinds of models when it makes a choice.This essay argues the procedure of pension contribution and levy, pension investment and operation, payment and passing reports among the persons concerned. The essay forecasts the scale of the corporate pension funds after discussing the problems of the basic retirement income insurance of the corporations in our province. By integrating the present conditions of models of corporate pension funds operation, this essay also puts forward the new model after implementing the two ways. It's on the basis of the present system frame and the specialized advantage for the life insurance company to undertake the corporate pension under market condition. In order to regularize the operation models of the corporate pension funds and reduce the management and operation risk as much as possible, the author argues that we should establish the coordinated pension system and the off-site supervision index system. Moreover, the information disclosure system of the pension management should be improved step by step.