Public Service

Old-Age Pension Benefits

Year of birth：

Age

Age at the time of application (Years)：

Months：

Average monthly insurance salary of the 60 months with the highest salary levels during the coverage duration：

Insurance coverage seniority：

Year(s)：

(Only when the insured person's insurance coverage seniority is more than 15 years, than he/she can apply for pension benefits.)

Month(s)：

Estimator

The trial of result

Availabe Old-Age Pension Benefits(Please refer to the following two formulas, whichever is preferable)：

The first formula to calculate the amount (NTD)：

The second formula calculates the amount (NTD)：

※  Formula 1：(Insurance coverage years × average monthly insurance salarys × 0.775% + NT$3,000) x (1 + increased proportion or 1 - reduced proportion)
※  Formula 2：(Insurance coverage years × average monthly insurance salarys × 1.55%) x (1 + increased proportion or 1 - reduced proportion)
※  If the insured who has joined the insurance for less than one year, it is calculated proportionally using the actual number of months for joining the insurance; for less than 30 days, it is calculated as one month.

If the insured person has reached the eligible age to claim age for old-age pension benefits,and whose insurance coverage seniority is more than 15 years, he/she may claim the old-age pension benefits.
Postponed old-age pension:If the insured person has met the qualification for old-age pension benefits,and decides to claim at a later time,the amount of the benefit will be increased by 4% when the claim is delayed by 1 year, with the maximum increase being 20%.
Advanced old-age pension:If the insured person's insurance coverage seniority is more than 15 years, who doesn’t reach the claiming age for old-age pension benefits,could claim for old-age pension benefits within 5 years in advance. The amout of the benefit will be reduced by 4% when the claim is advanced by 1 year.
The calculation result is for reference only, the actual amount received is still subject to the approval of the BLI.

Last Update：2020-09-25