Article 18 the items of the net assets shall present the net value of the enterprise annuity fund.

第十八条净资产类项目列示企业年金基金净值。

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An enterprise annuity fund may conduct bond transactions and settlement either by itself or by entrusting a settlement agent.

企业年金基金可直接进行债券交易和结算，也可通过结算代理人进行债券交易和结算。

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Article 12 the net assets of the enterprise annuity fund refers to the balance of the assets of the enterprise annuity fund minus liabilities.

第十二条企业年金基金的净资产，是指企业年金基金的资产减去负债后的余额。

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The rest can usually either be used to buy an annuity (an income for life that will depend on your age, the value of your pension fund, and annuity rates payable at the time) or to provide an income via what is known as 'drawdown'.

BBC: Fergus Muirhead

Comerica is a bank holding company with businesses that engage in corporate and consumer lending, mortgage loans, small business and individual banking, and mutual fund and annuity products.

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Another reason may be that buying a pension annuity with the workplace pension fund built up over past decades is looking particularly unattractive at current rates.

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