3. What are the differences between Old-age Pension Benefits, Old-Age Basic Guaranteed Pension Payments and Indigenous People Payments?

The targets applicable are different and the details will be explained in the followings:

1. "Old-Age Pension Payments": If one is less than 65 years old when National Pension Insurance is launched and he/she has participated and paid premium in National Pension Insurance Program, when he/she is more than 65 years of age, they could apply for the pension benefits under the insurance system.
2. "Old-Age Basic Guaranteed Pension Payments": This is the pension for nationals aged 65 or above at the time of implementation of National Pension to continue the “Old-age citizen's welfare allowance” policy launched before the implementation of National Pension Insurance Program. It is therefore considered as a welfare allowance. There are restrictions on the qualifications of beneficiaries.
3. "Indigenous People Payments": This is the pension for indigenous people aged from 55~64 and it is to continue the Old-Age Indigenes’ Welfare Allowance” policy launched before the implementation of National Pension Insurance Program. It is therefore considered as a welfare allowance. There are restrictions on the qualifications of beneficiaries.