The explanation of the deemed payment period for pension insurance is as follows.

My indexed average monthly contribution salary = the average monthly salary of employees working in the previous year when the insured retires x my average contribution salary.

1. The deemed payment period refers to the period when the local pension insurance payment system is not implemented, and the employee himself does not make insurance payments due to reasons stipulated in the policy during the actual work (continuous service period), which is called the deemed payment period.

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2. The actual payment period is the actual number of years that employees make insurance payments in accordance with regulations after the local pension insurance payment system is implemented. It is called the actual payment period.