The Research Of China Enterprise Annuity Structure

There are many studies on the application of enterprise annuity with experts andscholars, such as accounting, finance, taxation, and law. Relatively, it’s lack of theresearch study from the perspective of economic analysis, and some academictheories even hold the opposite view. We can believe the meaning of the rationality ofenterprise annuity should be raised.In this paper, the use of distribution of Marx’s socialist society, old age securityideas, capital theory analysis the rationality of the enterprise annuity. Described thesubsequent analysis of the shortcomings of the status quo of China’s enterpriseannuity and traditional social pension system based on aging issues facing our country,the optimization of the distribution of income, retirement costs to the state finance thehuge expenditures, enterprise annuity will play role in mitigation. Study the status ofimplementation and features of the Enterprise Annuity System in Germany to identifythe enterprise annuity in China need to consider some of the formal institutionalfactors, combined with informal institutional factors, then make the conclusion forChina’s enterprise annuity mode of operation.Based on these studies, concluded that for the Chinese enterprise annuity modelis a trustee for a trust fund management model, including a multi-level principal-agentrelationship. Mode of management of the trust system, strengthen the independenceand security of the pension fund, the clear positioning of legal status and liability ofthe trustee, can effectively resolve the internal risk, increase the value of the enterpriseannuity in the security management mechanism to safeguard and protect the Fund’sinvolvement in the interests of the maximum extent. There are "enterprise annuityfund management pilot scheme of Article49, while the development of investmentoperations; and the regulatory approach under the current administrative system,namely the Ministry of Human Resources and Social Security should be theregulatory authorities set a professional regulatory bodies independently..