How the Premiums are Determined

Contents

• Types of Premiums Borne by Members and Schools
• Membership Types and Premium Rates
• How to Calculate the Amount Borne by a Member
• Nursing-care insurance program
• Exemption from premium during maternity/childcare leave

• Salary-based premiums are determined based on one’s monthly salary and Bonus-based premiums are determined based on bonuses.
• Salary-based premiums are calculated by multiplying the premium rate by one’s Monthly Standard Salary.
• Bonus-based premiums are calculated by multiplying the premium rate by the one’s Standard Bonus.
• A member (excluding Voluntarily Continued Insurance Members) and the school where they belong each pay half of the payment of both Salary-based and Bonus-based premiums. However, during Maternity leave periods and a Childcare leave period taken until the child reaches age 3, the Salary-based and Bonus-based premiums are exempted if an application is made.
• The premiums paid by a Voluntarily Continued Insurance Members are calculated by multiplying the Short-Term Benefit premium rate by one’s Monthly Standard Salary at the time of retirement, and the premiums must be paid solely by the member in full.