Is the deemed payment period index in social security 60% or 100%?

The formula for calculating employees' pension as deemed payment years is: my indexed monthly average payment salary × deemed payment years before establishing personal account * 1.4%.

The calculation method of the deemed contributory pension is as follows: the annual salary of the old-age insurance is divided by the social average salary of the current year multiplied by the local average salary of the previous year at the time of retirement, multiplied by the deemed contributory period, and multiplied by the sum of 1.4%, which is the deemed contributory pension.

For example, 1993 payment salary is 600, and the average social salary is 800; 1994 contribution wage 1200, 1994 social average wage 1 100. In 2008, the payment salary was 25,000 yuan, and the average social salary in 2008 was 2,300 yuan.

The calculation is as follows: {600/800+1200//kloc-0+... 25,000/23,000} * average social salary in the last year of retirement * deemed payment years * 1.4%= deemed payment years should be. Where ..... is the ratio of 1995-2007 contribution wage to the average social wage in recent years.

Haha, it's quite complicated, so I said that the pension is calculated according to the payment period, not according to the average social salary at that time, but according to the average payment after payment and the average local salary in the previous year.

That is to say, after paying social insurance, the more contributions, the more pensions calculated as payment years, the less contributions, and the less pensions calculated as payment years. In other words, the amount paid after payment determines the pension that is regarded as the payment period.

Extended data:

Payment period includes deemed payment period and actual payment period. The deemed payment period refers to the continuous working time calculated according to the state regulations before the actual payment period in all the working years of employees.

Payment period includes deemed payment period and actual payment period. The deemed payment period refers to the continuous working time calculated according to the state regulations before the actual payment period in all the working years of employees.

Before the implementation of the basic old-age insurance system for enterprises and employees, the time calculated as continuous length of service according to the provisions of the state can be regarded as "deemed payment period" and can be combined with the actual "payment period" to calculate and pay the old-age insurance premium.

In addition, after the formal employees of government agencies and institutions are transferred to enterprises, they should participate in the basic old-age insurance for enterprise employees, and their original working years are regarded as payment years; Demobilized veterans and urban educated youth who go to the countryside are recruited as contract workers and participate in basic old-age insurance, and their length of military service and rural areas are calculated as continuous length of service according to state regulations, which can be regarded as the payment period.

According to the State Council's Notice on Deepening the Reform of the Pension Insurance System for Enterprise Employees, before the implementation of the individual payment system, the continuous service of employees can be regarded as the payment period. The deemed payment period can be combined with the actual payment period to calculate and issue the basic old-age insurance premium.

References:

Baidu Encyclopedia-regarded as payment period