Source: Consumer Digest
When we are about to retire and find that we have less than 15 years of social security contributions, this becomes a headache: can we still retire on time?
I have good news for you to tell you about this issue: even if you fail to pay social security for 15 years, you can retire normally!
01
Can you retire normally without paying social security for 15 years?
The Changsha Municipal Bureau of Human Resources and Social Security replied to the question of "retirement", which mentioned a problem worthy of attention: that is, the pension insurance can retire normally before 15 years.
A citizen asked about the fact that he was about to reach retirement age, but had only paid pension insurance for 12 years. At the same time, he served in the army for 5 years and was discharged in 1985. He asked whether his time in the military could be counted as a "deemed contribution period" in order to go through the formalities of retirement.
The reply from the Human Resources and Social Security Bureau is that the retirement process needs to meet the condition of 15 years of contributions. The payment period includes the actual payment period and the deemed payment period.
In response to this problem, according to the relevant regulations of the state, the service period of military personnel who retired before July 1, 2012 can be counted as the deemed payment period.
Therefore, for the citizen who raised this question, he only needs to submit the relevant documents and information during his service to the social security department for identification.
Once the period of service is confirmed as the deemed contribution period, then the actual 12 years of contribution time and the 5 years of deemed contribution period are added together, and 17 years of payment records have been accumulated, which is enough to handle the normal retirement procedure.
02
What is the deemed payment period?
First of all, we must understand the basic conditions for "retirement": in addition to the statutory retirement age (men over 60 years old, women at 55 years old in management positions, and women at 50 years old in non-management positions), there is also a social security contribution period of at least 15 years. The "payment period" here includes "actual payment period" and "deemed payment period".
As the name suggests, "actual contributory years" simply refers to the length of time we actually work and pay social security contributions for it.
The so-called "deemed payment period" refers to the time we spend in special environments before officially joining the workforce, such as military service, educated youth going to the countryside, etc. As long as these periods comply with the relevant national regulations, they can be regarded as the payment period.
03
How should the deemed payment period of different groups of people be determined?
For different working groups, the calculation method of "deemed payment period" is slightly different, which can be summarized as follows:
- In the case of former and retired servicemen, when they participate in the basic retirement insurance after working in the company or becoming self-employed, the previous years of service will be equal to the number of years of insurance paid, and these years will be combined with the actual number of years of contribution to the basic retirement insurance.
- For employees of urban collective enterprises (including restructured enterprises), the specific number of years in which they fully pay the basic pension insurance premiums is the payment period from the month when the municipal or district (city) and county governments begin to implement the socialized pooling of retirement premiums for urban collective enterprises. Prior to this, the number of years of continuous service calculated in accordance with national and provincial regulations was also counted as the number of years of contributions.
- For employees of non-public enterprises or units, the effective payment period will be calculated according to the number of years of basic pension insurance premiums actually paid. If there is military age or educated youth experience, this part of the time will also be incorporated into the payment period.
04
How to apply for recognition of "deemed payment period"?
If you feel that you may be eligible for the deemed contribution period, then the next question is how to apply.
Generally speaking, it is necessary for an individual or unit to apply and submit the necessary supporting documents, such as ID card, household register, employee file, and labor handbook. For institutional applications, an additional document such as a letter of introduction from the institution and the identity of the person handling the application is required.
It is important to note that while the deemed contribution period can provide a retirement solution for employees who joined the company before 1992, the pension contribution base for this period is considered as a transitional pension and will be included in the total pension.
In other words, it is quite difficult to confirm this part of the deemed payment period without effectively presenting the personal file, which needs to be verified against the consolidated unit file.
Write at the end
In general, for every individual who is about to enter or has entered the workplace, a deep understanding and reasonable arrangement of the number of years of paid-in and view-paid years will not only help you clearly understand your retirement qualifications, but also make comprehensive preparations for a happy retirement life in the future.