The basic concept of length of service.
Length of service, i.e., the number of years of service, refers to the cumulative number of years of service from the date of participation in the work to the date of retirement. This period includes the actual number of years of service of the individual and the number of years of deemed service that may exist (e.g., military age, joining the queue in the countryside, etc.).
The method of calculating the length of retirement service.
The calculation of retirement service mainly follows the two principles of "continuous calculation" and "combined calculation".
Continuous calculationIf an individual's work history is continuous without interruption, the length of service is counted consecutively from the time he or she first joined the job.
Combined calculations: For individuals working in different units or in different regions, their length of service can be combined. However, it should be noted that there may be some restrictions when combining calculations, such as time constraints or the need to provide relevant supporting materials.
For example, let's say that Mr. Cheung has been working for the same company since 1985 and has been working continuously for the same company until his retirement in 2023 without interruption. Then, Mr. Zhang's retirement service is 2023 minus 1985, that is, 38 years.
If Ms. Li worked in unit A from 1990 to 2000 and unit B from 2001 to 2023, then her length of service is the combination of the two work experiences, that is, from 1990 to 2023, a total of 33 years.
Calculation of length of service in special cases.
Deemed to be the length of serviceIn some special circumstances, such as military age, going to the countryside to join the queue, etc., although these years are not the actual working years, according to the relevant national policies, they can be regarded as working years and included in the length of service.
Converted years of service: For those who are engaged in special types of work or work in specific environments, such as those working in difficult environments such as high temperature and underground, their length of service may be converted according to a certain percentage according to relevant policies.
Statutory retirement age: The statutory retirement age is an important reference basis for calculating the length of retirement service. In China, the current legal retirement age is not earlier than 60 years old for men and 55 years old for women (it may be different for special types of work or specific circumstances).
Length of service and pension: The length of service will directly affect the amount of pension. Generally speaking, the longer the length of service, the higher the pension. However, the specific amount needs to be calculated comprehensively according to the individual's payment base, payment period and other factors.
Relevant supporting materialsWhen calculating the length of retirement, individuals need to provide relevant supporting materials, such as proof of employment, social security payment records, etc. Therefore, it is recommended that individuals take good care of these materials during their daily work so that they can go through the procedures smoothly when they retire.
Policy Changes: With the development of society and the adjustment of policies, the calculation method of retirement service may change. Therefore, individuals need to pay attention to relevant policy developments and keep abreast of the latest information.