Chapter IV Insurance Benefit Payments
Section 8 The Application and Issuance of Pension Payment
The current month of the application referred to in Paragraph 2, Article 65-1 of the Act shall be decided by the postmark date of the original mailing post office or the date the application is delivered to the insurer.
If an insured leaves their job on a non-working day for the insurer according to rules and the insured unit withdraws the insurance and applies for old-age pension benefit on behalf of the insured and submits a document evidencing the insured’s consent to retroactive application no later than the next working day, the current month of the insured’s application for old-age pension benefit shall be decided according to the next day following the insured’s resignation.
If an insured leaves their job on a day the local government at where the insured unit is located has announced as a no-work day according to rules, and the insured unit withdraws the insurance and applies for old-age pension benefit on behalf of the insured and submits a document evidencing the insured’s consent to retroactive application no later than the next working day, the current month of the insured’s application for old-age pension benefit shall be decided according to the next day following the insured’s resignation.
Insured individuals who receive pension benefits but are not registered to households in Taiwan must submit proof of identity, residence, or other related documentation authenticated by agencies as listed in Paragraph 1, Article 54. This documentation must be resubmitted to the insurer each year for periodic review.
If the insurer suspends pension payment according to Subparagraph 1 and 2 of Paragraph 3of Article 54-2, Subparagraph 1 and 2 of Article 63-4, with the exception of the remarriage of the spouse, the applicants could re-submit application to the insurer after the reasons for payment suspension cease to exist, and the insurer could issue the payment according to Paragraph 2 of Article 65-1 of the Act ; Or issue Survivor Pension according to Paragraph 3 of Article 65-1.
For suspending pension payment according to Subparagraph 3 and 4 of Paragraph 3 of Article 54-2 and Subparagraph 3 of Article 63-4, the pension suspension starts from the month when governmental organizations' transaction data reach the insurer.
If the reason for the suspension in previous paragraph cease to exist, the applicant shall submit the proof of destruction of the reason for payment suspension to the insurer for re-issuing pension payment and the insurer shall issue the payment according to the regulations in Paragraph 2 of Article 65-1 of the Act ; Or issue Survivor Pension according to Paragraph 3 of Article 65-1.
For those who do not enclose the required proof to apply reissuance from the insurer, the payment would be reinstated from the month the governmental organizations' transaction data reaches the insurer.
The household registration transcripts as required by Paragraph 3, Article 65-2 of the Labor Insurance Act may be replaced by a photocopy of the household certificate indicating the date of death of the pension benefit recipient as well as a photocopy of the household certificate of his/her legal heir.
The Consumer Price Index Cumulative Growth Rate stipulated in Article 65-4 of this Act is calculated according to the Annual Consumer Price Index Cumulative Mean published by the central competent authority. The mean number is rounded off to the second decimal place.
Starting from the second years after the promulgation of the amendment of the Act in July 17, 2008, if the accumulated growth rate for consumer price index reaches plus/minus five percent, the insurer shall submit the adjustment to payment by the end of May of the year to central competent authorities for approval and begin to adjust the pension payment amount from May of the year.
Insured individuals referred to in the previous paragraph on pension benefit amount adjustments are defined as individuals who continue to receive pension benefits and who experience Consumer Price Index Cumulative Growth Rate fluctuations of at least plus or minus 5% starting from the year they begin receiving pension benefits. Insured individuals who received pension benefits in different fiscal years but whose benefits are simultaneously eligible for pension benefit amount adjustments shall be adjusted according to respective cumulated Consumer Price Index Growth Rates.
After the accumulated growth rate for consumer price index referred to in Paragraph 2 reaches 5%, the insurer shall recalculate from the next year.
When combing insurance coverage records of National Pension Insurance according to Paragraph 3 of Article 53 and Paragraph 2 of Article 74-2 of the Act , the insurance coverage records of the period, where the insured persons do not pay off their insurance premium and interest and the insurer suspend the pension payment according to the law, would not be counted.