How to calculate the social security payment period

Total payment period = deemed payment period+individual account period = retirement time-working time-deduction period.

All payment years are calculated as months, and each month is calculated as112 years.

For those who go through retirement formalities beyond the legal retirement age, according to the relevant documents, the payment beyond the retirement age is not recorded in the personal account, and the payment period is not calculated. The retirement time is still the month when the retirement age is reached, and the pension will be paid in the month after approval.

The social security payment period refers to the accumulated years that employers and employees pay social insurance premiums such as pension, medical care and unemployment in accordance with regulations, and is one of the bases for calculating social insurance benefits. In addition, the social security payment period is different from the continuous length of service, but there is a certain relationship between them in time.

How is the social security payment period stipulated?

"The individual payment period has accumulated to 15 years, and the basic pension will be paid monthly after retirement". This clearly tells us that after employees reach the statutory retirement age, they can receive basic old-age insurance on a monthly basis after the individual payment period has accumulated to 15 years. Less than 15 years, you can't receive basic old-age insurance on a monthly basis. Cumulative payment 15 years is a basic prerequisite and lower limit condition for employees to receive basic pension every month after retirement.

Although it is stipulated that enterprise employees can receive the basic pension on a monthly basis after the accumulated payment period 15, it is by no means that they can no longer pay after the individual payment period 15. According to the Labor Law, Social Insurance Law and other relevant laws and regulations, employees themselves have a statutory obligation to pay endowment insurance premiums, and it is mandatory to fulfill this obligation.