Goheung-gun to Increase Basic Pension Payments by 2.5% This Year

Up to 307,500 KRW per month for single-person households, 492,000 KRW for couples

Expected expansion of beneficiary scope due to relaxed eligibility criteria

[Goheung=Asia Economy Honam Reporting Headquarters, Reporter Shim Jeong-woo] Goheung County in Jeonnam announced that from January 2022, the basic pension will be paid reflecting the previous year's consumer price fluctuation rate (2.5%).

This year's basic pension has increased by 7,500 KRW and 12,000 KRW compared to the previous year, with a maximum monthly amount of 307,500 KRW for single-person households and 492,000 KRW for couple households.

The eligibility criteria have been expanded by 6.5% from last year, easing from 1.69 million KRW to 1.8 million KRW for single-person households, and from 2.704 million KRW to 2.88 million KRW for couple households, allowing more residents to benefit.

As of December 2021, the number of basic pension recipients in Goheung County was 23,490, showing a high coverage rate of 88.6% compared to the eligible population of 26,507.

A county official stated, "In the situation where economic activities have been restricted due to COVID-19, the basic pension is a great support for the elderly," and added, "We will actively promote so that more elderly people can receive benefits and enjoy a prosperous old age."

Goheung=Asia Economy Honam Reporting Headquarters, Reporter Shim Jeong-woo sevenshim@asiae.co.kr

This content was produced with the assistance of AI translation services.