National Pension Subscribers with Over 20 Years of Enrollment Receive an Average Monthly Benefit of 1.03 Million KRW

Significant Gap Found in Elderly Pension Benefits
Projected to Increase to 1.18 Million Won by 2027

The average monthly old-age pension amount for beneficiaries who have been enrolled in the National Pension for more than 20 years exceeded 1 million won for the first time this year.

According to the "National Pension Statistics as of March 2023" by the National Pension Service on the 12th, there are 974,518 beneficiaries receiving old-age pensions who have been enrolled in the National Pension for more than 20 years, and they receive an average of 1,035,205 won per month. The average monthly old-age pension amount surpassed 1 million won for the first time in 35 years since the introduction of the National Pension system, reaching 1,034,578 won in January this year.

The number of beneficiaries receiving an average monthly pension of 2 million won or more was 15,705, with 15,686 men and 221 women. The highest amount received by a beneficiary was 2,664,660 won per month. On the other hand, 507,179 beneficiaries, accounting for 52.1% of the total, received less than 1 million won per month, indicating a significant disparity in pension amounts among beneficiaries.

Meanwhile, the amount of old-age pension received by beneficiaries enrolled in the National Pension for more than 20 years is expected to continue increasing. According to the "Mid-term Financial Outlook of the National Pension" (2023?2027) by the National Pension Research Institute, the average monthly old-age pension for beneficiaries with more than 20 years of enrollment is projected to increase from 1,079,055 won in 2024 to 1,185,330 won in 2027.

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