Tianjin Municipal Human Resources and Social Security Bureau recently announced a notice, requiring trustee to fulfill filing procedures for the following items at the Municipal Human Resources and Social Security Bureau in a timely manner, including annuity plan for newly established enterprise, changing of annuity plan, renewing management contract of enterprise annuity plan, etc.

In addition to this, the notice requires enterprise annuity fund management institutions and enterprise annuity board to carry out self-inspection regarding the enterprise annuity, and asks trustee to submit the fact of Entrusting enterprise joining or quitting the collection plan to Tianjin Municipal Human Resources and Social Security Bureau at the end of each natural month since July, 2013.

KWM comments: Tianjin Municipal Labor Bureau published “the Opinions on Tianjin Establishing Enterprise Annuity System” in 2006, providing guidance for establishing enterprise annuity system and proposing to establish filing system of enterprise annuity. The notice issued recently further standardizes the filing system of management contract of enterprise annuity plan, which is worthy of attention by employers in Tianjin.