Or different angles decide different views on the same thing, when Lu Mingtao laughed happily, Zhao Jinzhu secretly thought in his heart: businessmen were originally the most despised group of people, but since Brother Liu came to power, the status of businessmen has increased day by day.

With the rise of the status of merchants, the social class that had previously been an agronomy and a businessman has been broken. And now everything has proved that after this class convention was broken, the creativity of the merchants gradually became the largest source of money and food for our Great Song Dynasty.

I heard that Brother Jiu is also engaged in small-scale changes that attach importance to the merchant class, I don't know what he can do there, and whether he can do as well as the Northern Dynasty under Brother Liu's leadership.

If Brother Jiu can do a good job there, then even if the separation between the north and the south continues, at least all the people of my Great Song Dynasty can live a happy and prosperous life hand in hand, which is also a blessing in the world.

It's a pity, it's a pity that these things in the Northern Dynasty are not done by my father and brother, but by Brother Liu. Brother Liu also wanted to come up with this kind of public savings system, so that a part of the businessman's annual profits would inevitably go into the bank he wanted to establish as a loan and use the funds.

This is equivalent to saying that Brother Liu Xing not only used this policy to tightly grasp the money bag, but also captured the hearts of those businessmen, and opened up a new and large enough source of living money for the future Royal Bank.

Father, brother! Where are you, I hope that when you come back, you won't have the slightest idea of deposing Brother Liu! Otherwise, even the merchants will become a powerful force against you......

Hearing these thoughts in Zhao Jinzhu's heart, Liu Xing couldn't help but snicker and said secretly: Hehe. The little girl is really shrewd! She could even see the deep-seated problem. It's amazing, it's amazing!

Little princess, you're amazing. But the experience that my master has gained from the afterlife is destined to make me even more amazing, and it is definitely not something that your fathers and brothers can easily depose.

Because the next set of systems has been established again, hehe, the hearts of the people in the world are not dead and are held in the palm of my hand, which is really completely unreasonable......

Thinking about this, Liu Xing raised his head and looked at Lu Mingtao again, and said a set of systems. This system is to establish a set of retirement funds in addition to insurance funds and public reserves.

A retirement fund is a typical life-cycle fund, which allocates funds to a wide range of assets. For example, various equity transactions and debt transactions.

At the same time, the fund will automatically adjust the asset allocation ratio on a regular basis according to the retirement date preset by investors, that is, gradually reduce the portfolio risk as the retirement date of the target group approaches.

As soon as this system was announced, Liu Xing first determined the definition of pension. The pension is a part of the remuneration paid to the employees or officials at all levels of the merchant or the imperial court after retirement, such as the employee or the official.

The retirement measures formulated by the merchants should be conducive to further enhancing the enthusiasm of the employees and enabling them to rely on their old age, which is beneficial to social stability and the improvement of the efficiency of the merchants.

To do things, we must first have a specific way, and Liu Xing thought of the following methods: the first method of depositing funds, the method of depositing this kind of retirement fund is that the merchant withdraws the retirement fund and hands it over to the future royal bank or insurance bank for its custody and use.

When the employee of the merchant retires. Pensions are paid from retirement funds by those institutions. Merchants are not allowed to withdraw their retirement funds unless they have fully fulfilled their pension payment obligations.

The second option is the unfunded retirement fund approach. In this way, the merchant does not withdraw the pension fund and delivers it to the bank or insurance bank for safekeeping and use, or the merchant withdraws the pension fund but keeps and uses it by himself, but does not deliver it to the bank or insurance bank for safekeeping and use.

Then, when the employee of that merchant retires, the merchant needs to raise his own funds to pay the pension. In contrast to the retirement method of the deposited fund, the pension of the employee would be seriously insecure.

The third method is to agree on the withdrawal of the deposit, which is to withdraw a certain amount of retirement funds every year in accordance with the provisions of the retirement measures and hand it over to the bank or insurance bank for safekeeping and use.

When an employee of the business retires, the pension fund belonging to the employee is paid to the retired employee. In the future, a fixed amount of the fund will be withdrawn every year, according to a certain percentage of the employee's salary, the pension that the employee can receive when he retires depends on the amount of the deposit and the interest accrued, and the merchant does not guarantee the amount of pension payment.

The amount of pension withdrawn by the merchant in each period is the pension cost that should be recognized in the current period. The accounting treatment of the agreed withdrawal method is simpler, requiring only the cost of the pension to be debited and the cash credited at the time of withdrawal, and no other entries. This method can be used as the preferred method for the implementation of the DPRK's pension fund in the future.

The fourth method of issuance is the agreed payment of retirement method, which is a commitment by the merchant to pay a certain amount of pension at the time of retirement, or a certain amount of pension in installments when the employee retires.

As long as the merchant is able to meet the pension payment obligation at the time of retirement, it is up to the merchant to decide whether or not to withdraw the pension fund on time.

Under this approach, the amount of the pension is usually determined on the basis of the level of remuneration and the number of years of service of the employee. Either both, or just one or the other, such as years of service. The former is called the final remuneration method and the latter is called the fixed payment method.

This approach can be rolled out in some very large merchants, but it does not allow more than three of these pension schemes per state capital.

The fifth is the joint withdrawal of pensions, in which the merchant and the employee jointly withdraw the pension fund and hand it over to the future Royal Bank and the insurance banks in various places today, and the proportion of the withdrawal is not necessarily the same.

If an employee leaves his or her job early, he or she can recover the principal and interest withdrawn by himself/herself, and whether or not he or she can share in the funds withdrawn by the merchant depends on the provisions of the retirement regime. This law can be vigorously promoted and supported, and the retirement fund can be withdrawn by the imperial court, merchants and employees.

The sixth method of non-joint withdrawal of pension, the pension fund is all promoted by the merchant, and the employee does not participate in the promotion. This measure will be fully implemented in government-supervised, commercial-run and government-run businesses.

The seventh is the lump sum payment of pension, which is a lump sum payment of the pension after the employee retires. After the merchant pays the pension, there is no obligation to pay the employee for retirement.

The last type is the instalment pension, which is the payment of the pension after the employee's retirement until death, such as monthly or annual pensions. This method will be combined with the sixth method to be used simultaneously in both government-supervised commercial offices and government-run businesses. (To be continued.) )