A Busan Couple Receives 4.7 Million KRW Monthly from National Pension... Secure Retirement Ahead

Couples Receiving Over 3 Million KRW in National Pension Near 1,000 Pairs
Recipients Continue to Increase Since System Introduced in 1988
Couples Who Joined at System's Inception Receive Highest Monthly Amount

It has been revealed that nearly 1,000 couples receive more than 3 million KRW per month from the National Pension, with both husband and wife collecting benefits. While the number of couples receiving relatively high pension amounts is rapidly increasing, there are also couples receiving about 4.7 million KRW per month in National Pension benefits.

According to the National Pension Service on the 7th, as of March this year, there are 645,487 couples (1,290,974 individuals) receiving National Pension benefits. Since the introduction of the National Pension system in 1988, 35 years have passed, and the number of couples receiving benefits has continuously increased.

It has been revealed that nearly 1,000 couples receive a combined monthly National Pension of over 3 million won. While the number of couples receiving relatively high pension amounts is rapidly increasing, there are also couples receiving about 4.7 million won per month in National Pension benefits.
[Photo by Asia Economy]

The number of couples receiving benefits increased from 297,473 couples in 2017, 298,733 couples in 2018, 355,382 couples in 2019, 427,467 couples in 2020, 515,756 couples in 2021, and surpassed 600,000 couples at 624,695 in 2022.

As of March this year, the combined average monthly pension amount for these couples was 986,848 KRW.

The number of couples whose combined monthly National Pension benefits exceed 3 million KRW first appeared in 2017 with 3 couples, then increased to 6 couples in 2018, 29 couples in 2019, 70 couples in 2020, 196 couples in 2021, 565 couples in 2022, and surged to 982 couples as of March this year.

The number of couples receiving a combined monthly pension of over 2 million KRW rose from 891 couples in 2018, 1,798 couples in 2019, 3,731 couples in 2020, 7,511 couples in 2021, 17,194 couples in 2022, and jumped to 26,051 couples as of March 2023.

The number of couples receiving a combined monthly pension of over 1 million KRW was 56,791 couples in 2018, 79,640 couples in 2019, 110,519 couples in 2020, 153,640 couples in 2021, 222,929 couples in 2022, and 257,505 couples as of March 2023.

So, how much do the couples receiving the highest amount get? As of the same March, it is 4,690,560 KRW per month. This couple, residing in Busan, both enrolled in the National Pension system when it was first implemented in January 1988. The husband paid National Pension premiums until August 2013, and the wife until December 2014. Currently, they receive 2,294,710 KRW and 2,395,850 KRW per month respectively.

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