Old-Age Benefits

1. An insured person whose insurance coverage reached over fifteen years, and who is at least sixty years of age and has resigned from work and withdrawn from insurance coverage.
2. An insured person who has worked in dangerous, physical hard labor, or work of special character for more than fifteen years, and who is at least fifty-five years of age and has resigned from work and withdrawn from insurance coverage.
    

1. An insured person at least sixty years of age or a female insured person at least fifty-five years of age who has been insured for at least one year and resigns from work.
2. An insured person whose insurance coverage reached over fifteen, who is at least fifty-five years of age and resigns from work.
3. An insured person who has been insured in the same insured unit for over twenty-five year and resigns from work.
4. An insured person whose insurance coverage reached over twenty-five years, who is at least fifty years of age and resigns from work.
5. An insured person who has been employed for more than five year in dangerous, physical hard labor, or work of special character and who is at least fifty-five years of age and resigns from work.
6. The insured persons who have transferred to the Military Personnel Insurance, the Civil Servant and Teacher Insurance, and who have resigned and keep their labor insurance seniority pursuant to Article 76 of Labor Insurance Act.
    

“Average Monthly Insurance Salary” is calculated by averaging the highest 60 months of Insurance Salary during the insurance coverage years.

1. Average Monthly Insurance Salary × Coverage Years × 0.775% + NT$3,000
2. Average Monthly Insurance Salary × Coverage Years × 1.55%

• For those who wish to claim for old-age pension benefits in advance of the qualification age, the upper limit for the advance year is 5 years. For every one year of advancement, 4% of the old-age pension benefits would be deducted; the upper limit is 5 years of advance which is 20% deduction.
• For those who wish to postpone the claiming of their old-age pension benefits, 4% extra of the old-age pension benefits would be added; the upper limit is 20% extra for postponing the claiming of old-age pension benefits.

1. Valid personal identity documents issued by the government of the Republic of China such as resident certificates, etc.
2. Foreign passport and its Chinese translation. Both the original document and the Chinese translation have to be notarized by the R. O. C. embassies, consulates, representative offices, liaison offices or other bodies authorized by the Ministry of Foreign Affairs. The Chinese translation, if not notarized, may be authenticated by the court or by a notary public.