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Introduction to National Pension

The National Pension Program offers three types of annuity payments including the “Old-Age Pension”, “Disability Pension” and “Survivors Pension”, as well as two types of lump sum benefits including the “Maternity Benefits” and “Funeral Benefits”. “Maternity Benefits” is a new benefit item which was made available on July 1, 2011 after the regulatory amendment. All insured persons who have paid the premium on a timely manner are eligible to receive the relevant pension benefits or lump sum payments when they give birth, are physically or mentally disabled (degree “severe” or above), die, or have attained the age of 65. The purpose is to protect the basic economic safety of the insured persons or their survivors.

Last Update:2019-10-17