This September will mark nearly five years since the National Pension Act became effective on October, 1st, 2008. Application for old age pension according to the National Pension Act is subject to a 5-year claim limitation. Qualified people should apply to the Bureau of Labor Insurance for the payment as soon as possible and should remain aware of their rights and interests.
The 5-year claim limitation for old age pension according to the National Pension Act starts from the date when people become qualified to apply; if the application exceeds five years, old age pension will be reissued for five years; others exceeding five years shall not be paid. Because the National Pension Act will have been enforced for five years this October, people who have been qualified since the effective date of the National Pension Act within the 5-year claim limitation can apply for the reissuance of their old age pension from the month when he/she turns 65 years old or older; however, if the application exceeds the 5-year claim limitation, old age pension for the exceeding parts shall not be paid.
According to a survey performed by the Bureau of Labor Insurance, there are more than 2,000 people who turned 65 years old between October 2008 and March 2009, who are qualified for but late applying for old age pension according to the National Pension Act. To protect people’s benefits, the Bureau of Labor Insurance sent notifications and payment application forms to these people at the end of April, reminding them to apply as soon as possible. In the future, the Bureau of Labor Insurance will regularly send notifications every April and October to people whose 5-year claim limitation of qualifying for old age pension will expire, positively reminding them to apply.