When Eligibility is Lost
If as result of retirement, death or other causes, eligibility for participation
in the plan has been lost, entitlement to benefits will end the following day.
Also, when a member loses his full-time employee status, or his salary decreases to under 20% of his normal salary level due to leave of absence, the member loses his eligibility on that day.
- When eligibility as a member has been lost, "the Membership Card"
or " The Membership Card for a Dependent" or "the
Certificate for the Elderly" must be returned immediately to the Private
School Association through the member institution at which the member is employed.
- If you are not going to work somewhere else right after ending your employment
with a member institution, you should immediately apply for coverage under the
National Health Insurance, and the National Pension Plan. The Private School Association
also offers the Voluntarily Continued Insurance plan. (refer
to here)
Long-Term Benefits Participation Records
A member retiring before the age of 70 will be issued Long-Term Benefits Participation
Records which contain the member number, membership duration, and other related
information.
- The card should be retained for reference as it contains the member number
and information about membership period that will be needed if you decide to participate
in the plan again, or when you apply to receive Retirement Mutual Aid Pension.
- Because the card is issued through the member institution at which you are
employed, please inform the person in charge about the address at which the card
can be sent to you after retirement.
Procedure for Joining the National Pension Plan
When you gain or lose eligibility, become a dependent or lose dependency eligibility,
you must notify the Private School Association to confirm your classification
as a contributor to the National Pension Plan or to inform the Association about
any changes to your classification as a contributor. (refer
to here)
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