Supplementary Provisions, Article 7-3Early Payment of Employees' Old-Age Pensions

①For the time being, a person set forth in the following items who has an insured period and is 60 years of age or older and under 65 years of age (limited to a person who is not an insured under the National Pension pursuant to the provisions of Article 5, paragraph (1) of the Supplementary Provisions of the National Pension Act) may, pursuant to Cabinet Order, before reaching the age of 65, make to an implementing organization a request for early payment of an employees' old-age pension based on the insured period for the person's insured category, according to the classification of persons set forth in the relevant item; provided, however, that this does not apply if the person does not fall under Article 42, item (ii) on the day before the day on which the request was made:

②A request under the preceding paragraph must, for a person who is able to make a request for early payment as prescribed in Article 9-2, paragraph (1) or Article 9-2-2, paragraph (1) of the Supplementary Provisions of the National Pension Act, be made at the same time as those requests.

③If a request under paragraph (1) is made, notwithstanding the provisions of Article 42, the employees' old-age pension is paid to the person from the month that includes the day on which the request was made.

⑤When a beneficiary of an employees' old-age pension under the provisions of paragraph (3) who has an insured period on or after the day on which the request under paragraph (1) was made reaches the age of 65, the period during which the person was an insured before the month that includes the day on which the person reached the age of 65 is the basis for calculating the amount of that employees' old-age pension, and the amount of pension is revised from the month following the month that includes the day on which the person reached the age of 65.

⑥When the provisions of Article 44, and of Article 44-2 prior to the amendment by Article 1 of the 2013 Amendment Act, which remains in force pursuant to the provisions of Article 86, paragraph (1) of the Supplementary Provisions of the 2013 Amendment Act, are applied to the amount of an employees' old-age pension under the provisions of paragraph (3): the phrase "at the time that the beneficiary acquired the right to receive benefits (or" in Article 44, paragraph (1) is deemed to be replaced with "at the time that the beneficiary of an employees' old-age pension under the provisions of Article 7-3, paragraph (3) of the Supplementary Provisions reached the age of 65 (or"; the phrase "at the time that the beneficiary acquired the right to receive those benefits" in that paragraph is deemed to be replaced with "at the time that the beneficiary reached the age of 65"; the phrase "or (3)" in that paragraph is deemed to be replaced with "or (3), or Article 7-3, paragraph (5) of the Supplementary Provisions"; the phrase "Notwithstanding the provisions of Article 43," in that paragraph is deemed to be replaced with "Notwithstanding the provisions of Article 43, paragraphs (2) and (3) and Article 7-3, paragraphs (4) and (5) of the Supplementary Provisions,", and the phrase "is calculated by adding an additional amount of pension to the amount provided for in that Article" in that paragraph is deemed to be replaced with "is calculated by adding an additional amount of pension to the amount provided for in those provisions, and the amount of pension is revised from the month following the month that includes the day on which the person reached the age of 65, or from the month in which the number of months came to be 240 or more pursuant to the provisions of Article 43, paragraph (2) or (3)"; the phrase "at the time the beneficiary acquired the right to receive benefits" in paragraph (3) of that Article is deemed to be replaced with "at the time the beneficiary of an employees' old-age pension under the provisions of Article 7-3, paragraph (3) of the Supplementary Provisions reached the age of 65"; and the phrase "Article 43, paragraph (1)" in Article 44-2, paragraph (1) prior to the amendment by Article 1 of the 2013 Amendment Act, which remains in force pursuant to the provisions of Article 86, paragraph (1) of the Supplementary Provisions of the 2013 Amendment Act, is deemed to be replaced with "Article 7-3, paragraph (4) of the Supplementary Provisions", and the phrase "Article 132, paragraph (2)" in that paragraph is deemed to be replaced with "Article 132, paragraph (2) prior to the amendment by Article 1 of the Act Partially Amending the Employees' Pension Insurance Act, etc. for Ensuring the Soundness and Reliability of the Public Pension System (Act No. 63 of 2013), which remains in force pursuant to the provisions of Article 5, paragraph (1) of the Supplementary Provisions of that Act, as replaced in Article 7-6, paragraph (1) of the Supplementary Provisions".