How to cancel the national pension
The National Pension is an old-age security system supported by the government. The national pension is largely divided into workplace subscription and local subscribers, and subscribers pay a fixed amount. You can apply for the insurance amount when you reach the age of 60, but there is also a way to cancel it before that time. But let’s take a closer look at why the National Pension is canceled. The National Pension is a social security system that has been implemented since 1988, and is a system that pays pensions from a fund composed of premiums paid by subscribers and government subsidies. The National Pension provides various types of pensions, such as retirement pension, disability pension, and survivors’ pension. The national pension guarantees our old age and strengthens the social safety net. Voluntary continuous subscribers can continue to join the national pension until they reach the age of 65 if they become 60 years old and lose their eligibility to join the national pension. Voluntary continuous subscribers are classified into voluntary continuous subscribers at the place of business, random continuous subscribers by region, and other voluntary continuous subscribers. Voluntary continuous insured at the place of business: If you are 60 years old or older and continue to work at the place of business and wish to pay insurance premiums as a voluntary continuous insured. (Unlike business subscribers, you pay the full amount of insurance premiums (9% of standard monthly income). If you have income Other voluntary continuous subscribers: Voluntary subscription becomes voluntary continuous subscription when you reach the age of 60. Voluntary continuous subscription is subscribed when national pension subscribers, including foreign subscribers, turn 60 years of age or acquire the right to receive old-age pension. Those who fall under any of the following subparagraphs are excluded from applying for voluntary continuation registration: Those who are over 65 years of age or have received a lump sum refund for the reason that they have already reached the age of 60 Subscription can be applied later) Persons who claim and receive old-age pension Application for voluntary continuation of registration is possible at any time until the age of 65 (the day before the 65th birthday) Report of loss of qualifications other than reasons for withdrawal must be reported by the 15th of the following month, the month in which the date of withdrawal falls Voluntary continuous subscription and withdrawal applications can be applied in person, by mail, fax, or phone, as well as through the website of the National Pension Service, as well as in person once identity is verified. If you are in arrears in paying your insurance premiums for more than 3 months, you will be ex officio withdrew. If you withdraw from voluntary continuous membership, you can receive an amount called lump sum refund. You can apply for a lump sum refund within 3 months from the date of termination of subscription. For reference, please refer to the posts organized below for early receipt of national pension, silver loan from lending companies, and housing pension. As a result, domestic residents between the ages of 18 and 60 are obliged to subscribe and pay insurance premiums.The National Pension provides an old-age pension from the age of 65 or older based on the premiums paid, or survivors’ pension if income activities are suspended due to death or disability. It is a system that pays a disability pension.