①A person who was born on or after April 2, 1932 and who, on March 31, 2002, was an insured under Article 4-3, paragraph (1) of the Supplementary Provisions of the Employees' Pension Insurance Act prior to the amendment by Article 5 (hereinafter referred to as an "elderly voluntary insured" in this paragraph), and who, on April 1 of that year, is employed at an applicable place of business prescribed in Article 6, paragraph (1) or (3) of the Employees' Pension Insurance Act (hereinafter referred to as an "applicable place of business" in the following paragraph and the following Article) (limited to a person who has been continuously employed at that place of business since before that day), acquires on that day status as an insured under Article 9 of the Employees' Pension Insurance Act as amended by Article 5, and loses status as that elderly voluntary insured. In this case, the confirmation of the Director-General of the Social Insurance Agency under Article 18 of the Employees' Pension Insurance Act is not required.

②A person who was born on or after April 2, 1932 and who, on March 31, 2002, was an insured under Article 4-5, paragraph (1) of the Supplementary Provisions of the Employees' Pension Insurance Act prior to the amendment by Article 5 (hereinafter referred to as an "elderly voluntary individual insured" in this paragraph), and who, on April 1 of that year, is employed at a place of business other than an applicable place of business (limited to a person who has been continuously employed at that place of business since before that day), acquires on that day status as an insured under Article 10, paragraph (1) of the Employees' Pension Insurance Act as amended by Article 5, and loses status as that elderly voluntary individual insured. In this case, neither the consent of the employer under paragraph (2) of that Article nor the confirmation of the Director-General of the Social Insurance Agency under Article 18 of the Employees' Pension Insurance Act is required.