Should I join the National Pension or the Farmers' Pension at 65? - 2

National Pension: Combines annuity-type and lump-sum benefits. It offers three major annuities (old-age annuity, disability annuity, survivor annuity) and two lump-sum benefits (childbirth benefit, funeral benefit), providing a relatively broad scope of coverage. Risk of having no retirement pension if not careful! Key conditions for switching from Farmers' Pension to National Pension before age 65 The Bureau of Labor Insurance states that many people mistakenly believe they will automatically receive the 'old-age farmer's allowance' at age 65 if they are enrolled in the Farmers' Pension. This is a common misconception. If you are a farmer who has already received the Labor Insurance old-age benefit, you must have been enrolled in the Farmers' Pension before November 12, 1998, and maintained continuous coverage until age 65 to be eligible for the old-age farmer's allowance. If you do not meet the eligibility criteria for the old-age farmer's allowance and have no accumulated National Pension coverage history, you must proactively assess switching from the Farmers' Pension to the National Pension before age 65! Otherwise, upon reaching age 65, you will face the double predicament of not receiving the old-age farmer's allowance and not being eligible for the National Pension old-age annuity. Analysis of the Farmers' Health Insurance (Farmers' Pension) System [Eligibility Criteria] - Farmers aged 15 or older who are actually engaged in agricultural production and whose livelihood depends on agriculture. - Those not enrolled in the Civil Servant Pension, Military Pension, Labor Insurance, Employment Insurance, or Workers' Accident Insurance, and who have not received related social insurance old-age benefits. - Relaxation of enrollment for discharged military personnel: Discharged military personnel aged 50 or younger who have received military severance pay but not a retirement pension or lump-sum retirement payment, and are actually engaged in agriculture, can also apply for enrollment.