Purpose of establishment
NPS was established to provide people with pension benefits against old age, diseases, injuries, disabilities, death, etc. in order to secure a stable life for them, and thereby, contribute to the enhancement of their welfare.
Key services
Key services(Item, Scope of services)
Service category |
Scope of services |
Entitlement management |
- Workplace management
- Management of workplace-based insurers
- Management of the individually insured
- Management of the voluntarily insured people and voluntarily and continuously insured people
- Management of other entitlement conditions
|
Collection management |
- Billing management
- Collection & settlement management
- Overpayment & mispayment management
-
Management of lump-sum refunds
*
Lump-sum refunds refer to the lump-sum amount of paid premiums reim bursed with a certain amount of interests to a beneficiary who could not pay premiums any more due to, for example, emigration although he/she has not
paid his/her due premiums for the required period.
-
Management of retroactive premiums
*
Retroactive premiums refer to premiums retroactively paid to compensate for the period for which a beneficiary could not pay premiums due to, for example, unemployment.
- Management of collecting agencies
|
Benefit management |
- Claiming for pension benefits
- Checking entitlement to benefits & paying benefits due to beneficiaries
- Discontinuing & limiting the payment of pension benefits
- Reviewing eligibility for disability & survivor’s benefits
- Management of negative prescription
- Follow-up management of benefits paid
- Management of eligible beneficiaries
- Management of other collectibles
|
Social security agreement management |
- Determining of NP coverage conditions for foreigners
- Addressing foreigners' claim for benefits
|
Loan services |
- Emergency loan services for the aged
|
Fund operation |
- Fund operation planning
- Fund operation (financial/public/welfare sectors)
- Fund management & performance analysis
|