In the case of the national pension, there are cases where it is automatically terminated. Even if you want to sign up, it will be automatically terminated if conditions for automatic termination occur. So today, let’s learn about the conditions for the automatic termination of the national pension. In the case of the national pension, it is divided into workplace subscribers and local subscribers. If you simply go to work, you automatically become an employee subscriber, and the company pays a certain portion of your pension in installments. It is a system in which the local subscriber pays the pension directly.
Conditions and method of cancellation of the national pension
1. How to cancel the national pension?
2. Conditions for canceling the national pension 국민연금 해지
Conditions and method of cancellation of the national pension 좋은뉴스
In the case of pension, if you have a long-term job or income, you pay a certain amount every month in the form of pension when a reason such as retirement occurs and you reach the pension age.
The National Pension is one of the social security systems for the elderly of the Republic of Korea. In the case of the National Pension, it is mandatory to join the National Pension from 18 to 60 years of age.
How to cancel the national pension?
In the case of the national pension, it is a national pension certified by the government. Termination is not arbitrary, but there are a few exceptions. Then, let’s look at the terms and conditions of the annuity cancellation.
How to inquire and check the payment amount of the national pension
Kookmin Bank, Nonghyup, Saemaul Geumgo Internet bankbook copy printing
View all credit card points and transfer cash
Time deposit installment savings interest rate comparison method and finding the highest place
Conditions for canceling the national pension
1. In case of overseas migration or loss of nationality
First, in the case of the national pension, if you lose your nationality or move abroad, your national pension will be terminated. It’s obvious, but it doesn’t make sense to receive a state pension when you’re not a citizen. Also, if you move abroad, you will be treated the same.
For that reason, you can apply for a lump sum payment of the national pension, but the payment amount differs depending on the payment amount. The National Pension Service does not automatically cancel it. You must apply for a lump sum payment to the Corporation within 5 years to receive it.
If the application period is within 5 years, but you cannot apply within this period, you will have to receive monthly payments in the future pension formula. If you miss the deadline, you will be paid as an annuity, and you must apply for a lump sum payment within 5 years.
How to apply for cancellation
For national pension applications due to loss of nationality or migration, you can visit the branch of the National Pension Service in person, and you can apply by fax or phone only for a small amount of KRW 1.5 million.
When applying, you will need your ID, payment application form, and a copy of your bankbook.
2. In the event of the death of a subscriber to the National Pension, if the survivors’ pension is not eligible
The following states that if a subscriber to the national pension does not meet the conditions for payment of survivors’ pension upon death, cancellation is possible. In this case, it is said that the heir can apply for the pension paid in a lump sum.
It’s obvious, but in the case of the deceased, when the bereaved family cannot receive it, it is evaluated as an asset and inherited rather than belonging to the state.
3. In case the national pension payer is 60 years of age and fails to meet the payment period
The national pension is received at the age of 65. However, basically, the pension must be paid for 10 years or more, but if the condition is not met by the age of 60, it is stipulated that it can be received in a lump sum.
The payment is a lump sum payment of the national pension after calculating the principal and interest.