What are the calculation methods and disadvantages of the pension deemed to be the payment period?

Mondo Social Updated on 2024-03-06

The deemed contribution period of the pension is determined through the individual's personnel file if there is no actual contribution period in the individual's work history. Personal personnel files are authoritative and therefore cannot be split or kept privately.

For example, if you are an employee of a state-owned enterprise, the company will keep the employee's personnel file and submit it to the social security department for review when you retire to enjoy the pension benefits. However, if you are not an employee of a state-owned enterprise, or have been an employee of a state-owned enterprise and the enterprise has closed down, you need to transfer your personal file to a qualified institution in a timely manner, usually a talent exchange and development center in the place where you are registered. The process is free and you can't keep the archive privately. Only those who have a complete recruitment form, wage change table and other dossier materials, and enter the enterprise through formal channels and work for many years, can be recognized as the same length of service, and the deemed payment period will be added to the personal basic pension and personal account pension, so as to improve the pension treatment.

The longer the deemed contribution period, the higher the level of pension benefits that the individual will enjoy in the future. Because the deemed length of service is equivalent to one year's cumulative contribution period, it can not only identify the transitional pension, but also effectively accumulate the actual pension insurance payment period. Therefore, the longer the individual's deemed contribution period, the better the pension treatment in the future.

It is important to pay attention to the security of personal files and not to lose them or keep them privately. Only when it is entrusted through legal channels or kept by the work unit can it be recognized as the same length of service. For individuals, a complete file of the deemed contribution period is an important basis for ensuring pension benefits. Pensions

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