※ This new rule will be applied from April 2021.
HOW TO CALCULATE YOUR PENSION LUMPSUM?
① National Pension (KOKUMIN NENKIN)
Starting April 2021, for members whose final payment of insurance premium is due after April 3rd of year 2021, the amount of lump-sum withdrawal payment will be calculated according to the year in which the last month of payment of insurance premium belongs and the periods for which insurance premiums have been paid.
※For those whose final payment of insurance premium is due before March 2021, the amount of lump-sum withdrawal payment is calculated up to a maximum of 36 months (3 years) as in past calculations.
[Calculation Formula for Lump Sum Withdrawal Payment]
The amount of insurance premiums for the year to which the last month of payment of insurance premiums belongs x 1/2 x the number used to calculate the amount of lump-sum withdrawal payment. (See table)
② Employees’ Pension (KOUSEI NENKIN)
Starting April 2021, members whose final payment (the month before the month to which the day of disqualification belongs) is April or after, the amount of lump-sum withdrawal payment is calculated up to a maximum of 12 periods or 60 months.
※ But for those whose final payment of insurance premium is due before March 2021, the amount of lump-sum withdrawal payment will be calculated up to a maximum of 36 months (3 years) as in past calculations.
If you want to calculate how much is your Pension Lumpsum CLICK HERE.