Supplementary Provisions, Article 24

①The provisions of Article 11-4 of the Supplementary Provisions of the Employees' Pension Insurance Act do not apply to employees' old-age pensions under the provisions of Article 8 of the Supplementary Provisions of that Act (limited to those whose beneficiary is a person born on or before April 1, 1941).

②Payment of an employees' old-age pension under the provisions of Article 8 of the Supplementary Provisions of the Employees' Pension Insurance Act (limited to one whose beneficiary is a person born on or before April 1, 1941) is suspended during the time when the beneficiary is able to receive an old-age basic pension under the National Pension Act (excluding one for which payment is suspended pursuant to the provisions of Article 7, paragraph (2) of the Supplementary Provisions).

③In the month in which the beneficiary of an employees' old-age pension under the provisions of Article 8 of the Supplementary Provisions of the Employees' Pension Insurance Act (limited to one falling under any of the following items) (excluding a person prescribed in Article 33, paragraph (1) or Article 57, paragraph (1) or (2) of the Supplementary Provisions of the 2012 Pension Unification Act) is able to receive an old-age basic pension under the National Pension Act (excluding the month in which the person acquired the right to receive benefits from that old-age basic pension and the month that includes the day on which the person is an insured, etc. under employees' pension insurance), payment of that employees' old-age pension is suspended, limited to the portion equivalent to the amount prescribed in Article 9-2, paragraph (2), item (i) of the Supplementary Provisions of the Employees' Pension Insurance Act relating to that employees' old-age pension.

④In the case of a beneficiary of an employees' old-age pension under the provisions of Article 8 of the Supplementary Provisions of the Employees' Pension Insurance Act (limited to one falling under any of the items of the preceding paragraph and an employees' old-age pension for persons with disabilities or long-term insureds prescribed in Article 11-2, paragraph (1) of the Supplementary Provisions of that Act (limited to one whose beneficiary is a person who falls under Article 22 of the Supplementary Provisions)) who is able to receive an old-age basic pension under the National Pension Act, in the month that includes the day on which the person is an insured, etc. under employees' pension insurance (excluding the month in which the person acquired the right to receive benefits from that old-age basic pension), notwithstanding the provisions of Articles 21 and 22 of the Supplementary Provisions, payment of that employees' old-age pension for that month is to be suspended for the portion equivalent to the total of the amount of the portion for which payment is suspended in the case where the provisions of Article 21 of the Supplementary Provisions (including as applied mutatis mutandis pursuant to Article 22 of the Supplementary Provisions; the same applies hereinafter in this paragraph) are applied to the amount prescribed in Article 9-2, paragraph (2), item (ii) of the Supplementary Provisions of that Act relating to that employees' old-age pension (including, if the additional amount of pension prescribed in Article 44, paragraph (1) of that Act as applied mutatis mutandis pursuant to Article 18, paragraph (3), Article 19, paragraph (3) or (5), Article 20, paragraph (3) or (5) or Article 20-2, paragraph (3) or (5) of the Supplementary Provisions or Article 9-2, paragraph (3) or Article 9-3, paragraph (2) or (4) of the Supplementary Provisions of that Act (including cases where those provisions are followed pursuant to paragraph (5) of that Article) has been added to that employees' old-age pension, that additional amount of pension; hereinafter referred to as the "amount of the remuneration-based portion, etc." in this paragraph) for calculation, and the amount prescribed in Article 9-2, paragraph (2), item (i) of the Supplementary Provisions of that Act relating to that employees' old-age pension (or, if, in the case where the provisions of Article 21 of the Supplementary Provisions are applied to the amount of the remuneration-based portion, etc. for calculation, payment of the entire amount of the remuneration-based portion, etc. is to be suspended, the whole of that employees' old-age pension).

⑤The provisions of Article 11-4, paragraph (3) of the Supplementary Provisions of the Employees' Pension Insurance Act apply mutatis mutandis where the amount prescribed in Article 9-2, paragraph (2), item (i) of the Supplementary Provisions of that Act prescribed in paragraph (3), and the amount prescribed in item (ii) of paragraph (2) of that Article and the amount prescribed in item (i) of that paragraph prescribed in the preceding paragraph, are calculated.

⑥When payment of all or part of the employees' old-age pension under the provisions of Article 8 of the Supplementary Provisions of the Employees' Pension Insurance Act is suspended pursuant to the provisions of the preceding three paragraphs, the provisions of Article 36, paragraph (2) of that Act do not apply.