National Pension Benefits Reach 34 Trillion Won... Increased by 16.8% Compared to Last Year

National Pension Service 2022 National Pension Statistical Yearbook

Last year, the total amount of National Pension benefits paid surged by 16.8% compared to the previous year, reaching 34.02 trillion won.

The National Pension Service announced this statistic on the 7th while publishing the "2022 National Pension Statistical Yearbook." The total benefit amount of 34.02 trillion won last year was composed of Old-age Pension 29.54 trillion won (86.8%), Survivor’s Pension 2.88 trillion won (8.5%), Lump-sum Payment 1.15 trillion won (3.4%), and Disability Pension 440 billion won (1.3%, including disability lump-sum payments).

The total number of beneficiaries was 6,674,143, an increase of 574,938 (9.4%) from the previous year’s 6,099,205. Male beneficiaries rose by 8% to 3,642,345, while female beneficiaries increased by 11.2% to 3,031,798.

Among the population aged 65 and over, 67% of men and 41% of women received National Pension benefits. Among the 17 major cities and provinces nationwide, Ulsan (58.69%) had the highest proportion of people aged 65 and over receiving National Pension benefits. Seoul (50.66%) ranked 15th, and Gangwon (49.69%) was the lowest.

The total number of National Pension subscribers was 22,497,819, an increase of 152,33 (0.67%) from the previous year’s 22,347,586. There were 2,195,391 workplaces. The number of workplace subscribers was 14,785,761, up 204,936 (1.4%) from the previous year’s 14,580,825. Regional subscribers increased by 18,735 to 6,845,744 compared to the previous year.

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