Application for Korean Benefits under the Agreement

If you have both periods of coverage in Korea and periods of working age residence in New Zealand but do not have enough periods of coverage under the Korean pension scheme to qualify for Korean pension benefits, you may be able to qualify for Korean benefits by totalizing Korean and New Zealand pension periods of coverage.

• -Please refer to the following details about requirements for entitlement classified by types, eligible persons, the method of filling out the forms and required documents.
• - A claimant must submit an "Application for Korean Benefits under Social Security Agreement" to the NPS in Korea or to the competent institution in New Zealand.
• - At the time of applying for benefits by mail, we recommend that you are fully aware of the requirements for the Benefit Application by contacting the NPS by phone. In this way, you will ensure the proper preparation of the documents and avoid any unnecessary delays in payments.
• - You can download the forms of "Application for Old Age/Divided Pension" under the Korea-New Zealand Social Security Agreement from our web-site or get them at the NPS's regional office or the competent institution in New Zealand.

Old-age Pension

• 1.Eligible Persons
  If you meet the following conditions for the benefits by totalizing Korean national pension periods of coverage and periods of New Zealand working age residence, you may be able to apply for the Korean old-age pension under the Social Security Agreement. However, to totalize both periods under the Social Security Agreement, you must have completed at least 12 months in Korea.

Eligible Persons

Type	Totalized period of Coverage	The statutory pensionable age	Others
Old-age Pension	10 years or more	1953~1956 : 61 1957~1960 : 62 1961~1964 : 63 1965~1968 : 64 After 1969 : 65 (depending on the year of birth)	For less than 5 years from the pensionable age, income should be less than certain amount. * If income is more than certain amount, payment will be reduced.
Early Old-age Pension	10 years or more	1953~1956 : 61 1957~1960 : 62 1961~1964 : 63 1965~1968 : 64 After 1969 : 65 (depending on the year of birth)	For less than 5 years from the pensionable age, income should be less than certain amount. * If income is more than certain amount, payment will be suspended. And the payment will be reduced from the eligible age of the Old-Age Pension.

• 2. Filling out the Application Form and Required Documents
  If you want to apply for an Korean Old Age Pension, you must fill out A (General Information), B (Application for an Old-Age Pension), D (Method of Payment of Benefit), F (To be signed by the applicant) and H(Consent form to collect and use personal information) on the "Application for Old Age/Divided Pension" nder the Social Security Agreement and submit it with the following required documents.

• [Required Documents]
• · Your ID such as an Alien Registration Card, passport or Resident Registration Card
• · A copy of your Korean bank account information
  • ※ If you prefer an overseas remittance, you must fill out the Overseas Remittance section D (Method of Payment of Benefit) and submit a copy of your foreign bank account information.
• · If you have any dependents supported by you,
  • - Documents to confirm your family relations: a certificate of family relations, a certificate or marriage etc.
  • - Documents to confirm the fact that the dependents are supported by you, if necessary: a resident(household) register, a registration of Korean national residing abroad, verification of residence, etc.
  • - Documents to confirm your disability: a medical report of disability under the Agreement (a New Zealand medical report is acceptable)

Divided Pension

• 1. Eligible Persons
  If you had lived with your ex-spouse for 5 years or more while your spouse was paying contributions, and your spouse is a beneficiary of old-age pension under the Social Security Agreement, you may apply for the Divided Pension if you meet all of the following conditions for the benefits.

• [Required Conditions for Divided Pension]
• ① If you had lived with your ex-spouse for 5 years or more while your spouse was paying contributions;
• ② When you divorce an old-age pensioner;
• ③ When your ex-spouse acquires old-age pension entitlement; and
• ④ When you reach the statutory pensionable age

• 2. Filling out the Application Form and Required Documents
  If you want to apply for a divided pension, you must fill out A (General Information), C (Application for a Divided Pension), D (Method of Payment of Benefit), F (To be signed by the applicant) and H(Consent form to collect and use personal information) on the "Application for Old Age/Divided Pension" under the Social Security Agreement and submit it with the following required documents.

• [Required Documents]
• · Your ID such as an Alien Registration Card, passport or Resident Registration Card
• · A copy of your Korean bank account information
  ※ If you prefer an overseas remittance, you must fill out the Overseas Remittance section D (Method of Payment of Benefit) and submit a copy of your foreign bank account information.
• · If you are a Korean national: documents to confirm your divorce such as a certificate of marriage, etc.
• · If you are a foreign national or a Korean national living overseas: documents to confirm the periods of marriage and occurrence of divorce such as a certificate of marriage, a certificate of residence report of overseas Korean nationals, or a confirmation of residence

Lump-sum refund

• The nationals of New Zealand are not granted to a Korean lump-sum refund in accordance with the Agreement.

Application for New Zealand Benefits under the Agreement

If you are eligible for the New Zealand pension by totalizing the periods of coverage under the Korean and the New Zealand pension systems, you are able to apply for New Zealand benefits.

• 1.Eligible Persons
  If you are a resident of Korea you may be able to get New Zealand pension benefits if you:
  • - (1) are aged 65 or over, and
  • - (2) have at least one year of continuous residence in New Zealand between the ages of 20 and 65
  • - (3) have been resident and present in New Zealand and/or have paid contributions to Korean National Pension Service equivalent to at least 10 years since you turned 20
  • - (4) have been resident and present in New Zealand and/or Korea for at least five years since you turned 50
    * Please note that conditions of benefits vary depending on the legislation of New Zealand
• 2. Filling out and Submitting the Application Form
  A claimant can apply for New Zealand pension benefits by contacting the Korean National Pension Service or through the following Competent Institution of New Zealand.

• · Competent Institution
• - Ministry of Social Development → (www.msd.govt.nz) & (www.workandincome.govt.nz)

※ Information on our web-site is a general guide. You can obtain detailed information from the competent institution in New Zealand