We will take the time to find out in detail how to cancel the National Pension, the conditions, phone number, etc. in an easy-to-understand manner.
The National Pension System is a social security system that guarantees old-age income from 18 to 60 years of age. Except for those who have no income, such as students, housewives, or those who do not subscribe to the four major insurances, the rest are obliged to join the National Pension Plan.
As a person obligated to join the National Pension Service, 9% of income must be paid, while 4.5% is borne by individuals and 4.5% by employers. There are many questions about whether people who are a bit burdened with the National Pension Payment can cancel arbitrarily.
The National Pension System is a system designed to allow citizens to join, pay monthly premiums, and receive a pension when they reach the age of retirement.
Can we cancel the National Pension, the representative pension system in Korea? In conclusion, the national pension cannot be arbitrarily terminated. However, there are exceptional conditions for cancellation. Below, you will find out more about the terms and conditions for canceling the National Pension Service.
National Pension Cancellation Conditions
In case of loss of nationality, overseas migration, death of subscriber, or failure to meet payment period 국민연금 해지 방법
As mentioned above, cancellation is possible in case of non-delivery or unavoidable immigration or death. 좋은뉴스
Loss of nationality and immigration abroad
If you lose your citizenship or move abroad, you can cancel your national pension. If any of the above occurs, you can apply to the National Pension Service to receive a lump-sum payment and receive a lump-sum refund.
It is important to note that the refund does not happen automatically, but you must apply for a lump-sum payment to the Corporation within 5 years of the occurrence. You can apply by fax or phone only if the payment amount does not exceed 1.5 million won among the application methods.
If it is more than that, you must visit the branch of the National Pension Service and apply. Common documents required for the application include identification, lump sum return invoice, stamp or signature, and beneficiary savings account. The remaining additional documents vary slightly depending on the reason.
When the insured’s death and survivor’s pension are not met
If a member of the National Pension Plan dies and is not included in the survivors’ pension status, it can be withdrawn. In this case, the national pension is canceled and the heir can receive a large sum of money including principal and interest.
If you do not meet the payment period (10 years) when you turn 60
Basically, if you want to receive the National Pension from the age of 65, the payment period is 10 years from the age of 60. If you do not meet the 10-year deadline, you can receive a lump-sum payment at the age of 60. Of course, even in this case, the average interest rate is applied based on the Banking Act on January 1 of each year, and the principal is received along with it.
If you are curious about the age at which you receive the National Pension and how to inquire about the expected amount to be received when the pension is not completed, please refer to the article.
National Pension Phone Number and Call Center Hours of Operation
Life expectancy is increasing every year, and aging is progressing rapidly with the development of medical technology. It is impossible to set and cancel the National Pension system as a mandatory subscription in order to solve old-age welfare and income inequality. In an aging society, the welfare of the elderly population has emerged as a major problem, and pension assets have been managed and managed by the state to narrow the gap between the rich and the poor.
▣ National Pension Phone Number: 1355
▣ Call Center Hours of Operation: Weekdays 9:00 ~ 18:00