How to calculate the pension payment period in Shanghai

The payment period of endowment insurance, also known as insurance period, refers to the time limit for employers and employees to participate in endowment insurance. There are two kinds, one is the actual payment period, and the other is the deemed payment period. The actual payment period refers to the period in which employees pay the basic old-age insurance premium in full and on time according to the regulations after participating in the basic old-age insurance. Understand the actual payment period should pay attention to the following two points:

First, the actual payment period is the employee's personal payment period and should not be related to the payment of the employee's enterprise. In practice, in some places, the actual payment period is linked to the payment of enterprises, which stipulates that if enterprises fail to pay the basic old-age insurance premium in full and on time, the actual payment period of their employees will not be calculated. This practice infringes on the personal interests of employees.

Second, individual employees must pay the basic old-age insurance premium in full. If they don't pay in full, the years in arrears can't be calculated as the actual years of payment for the time being, and can only be calculated after the employees make up the unpaid principal and interest.

The deemed payment period refers to the continuous length of service calculated by the state before the actual payment period of employees. The deemed payment period must be the continuous length of service recognized by the state, so it is not the period before the insured of the basic old-age insurance participates in the overall planning, and not everyone has the deemed payment period. This is a necessary measure to calculate the payment period of employees during the transition period from enterprise labor insurance system to social insurance system in China.

From 65438 to 0993, Shanghai implemented the reform of the old-age insurance system and began to establish an individual payment system for old-age insurance. 1992 For those who have joined the work before the end of the year, personal accounts for endowment insurance will be established from 1993 1, and for those who have joined the work after 1993, personal accounts for endowment insurance will be established from the current month or the following month.

The payment period of old-age insurance in Shanghai should be the continuous length of service before 92 years+the social security payment period after 92 years, or the social security pension can only be enjoyed if the continuous payment reaches 15 after 92 years. Please consult the Social Security Center for details.

Legal basis:

Social insurance law

Article 16

Individuals who participate in the basic old-age insurance will receive the basic old-age pension on a monthly basis if they have paid a total of fifteen years when they reach the statutory retirement age.

Individuals who participate in the basic old-age insurance and pay less than fifteen years when they reach the statutory retirement age can pay for fifteen years and receive the basic pension on a monthly basis; Can also be transferred to the new rural social endowment insurance or urban residents' social endowment insurance, enjoy the corresponding pension insurance benefits in accordance with the provisions of the State Council.