Definition

National pension is a social security system in which the government provides a monthly grant to those who cannot make a fixed amount of income to a certain degree due to accidents, incidents, diseases or aging.

Compensation covered countries

Canada, U.S.A., England, Germany, China, Netherlands, Japan, Italy, Uzbekistan, Mongolia, Hungary, France (Total of 12 countries). Of all the E-2 covered countries, Ireland, Republic of South Africa, Australia, New Zealand are not included.

Method of compensation

• Confirmation of conversion possible countries
• Visit the National Pension Corporation branch office in your local area with the following documents: Passport, plane ticket, and documents proving personal bank account information. Application for foreign rebate possible.
• Domestic bank account within one week and overseas bank account within one month
• Rebate calculation: National pension (employee + employer portion) + rate of interest
• Confirmation process at branch office