13. If the insured person has ever late for the payment of National Pension Insurance Premium, will it affect the qualification or payment amount?
- Overdue payment has to be paid off in full or in installments to allow the issuing of benefit payments for the insured persons.
- Pursuant to the relevant regulations, applicants for old-age pension payments shall not be eligible to opt for the more favorable calculation method for the first three months of pension payment, in case that he/she fails to pay the premium or interest on time during the year when he/she is between 64 and 65 years old, but manages to clear the overdue payment after receiving the payments tracer from the Bureau of Labor Insurance. On the other hand, if an individual fails to pay the premium or interest on time during the one year prior to the contingency causing the severe disability, but manages to clear the overdue payment on receiving the tracer from the Bureau of Labor Insurance, the following mandatory formula shall be adopted when calculating the disability benefits for the first three months. “Monthly insured amount x number of insured years x 1.3%” It is therefore recommended that, in case there is any overdue payment, the insured should request for reissuance of the payment slips and clear the outstanding payment as soon as possible, or make the payment before the deadline specified in the written notice issued by the Bureau of Labor Insurance, so as not to affect the benefit payments.
- There should not have overdue payment for more than 10 years since for the overdue payment for more than 10 years, it could not be repaid and it will not be counted as insurance seniority, in the meantime, one could also not enjoy the best payment for old-age pension payments or basic protection for disability pension payments.