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Pension System
Welfare Pension
National Pension
One-Time Pension Withdrawal Payments
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Welfare Pension
The welfare pension applies to workers under the age of 70, except those who
are employed as short-term, temporary workers. Employers enrol their employees
at the social insurance office, and contributions are paid in conjunction with
health insurance premiums ( >> Health
Insurance System). Pension contributions are calculated by multiplying the
same average monthly income as for health insurance ( >> Health
[Social] Insurance). The payment is shared equally
by employee (withheld at source) and employer (to be deducted from your salary
and bonus). For more details please contact your local social insurance office.
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