#koreapension

Many retirees wonder if receiving Korea’s National Pension (NPS) disqualifies them from Basic Pension (formerly Old-Age Pension). Good news! You can receive both, as long as you meet the income criteria! 🎉

📌 2025 Basic Pension Eligibility Criteria ✅ Single household: Monthly income below ₩2,020,000 ✅ Couple household: Monthly income below ₩3,230,000 ✅ If your NPS payout exceeds ₩500,000, your Basic Pension may be partially reduced

📌 How to Apply? ✔ Apply via the local government office or NPS office ✔ If your NPS payout is ₩500,000 or less, you get the full Basic Pension ✔ If your NPS payout is over ₩500,000, 30% of the excess is deducted from your Basic Pension

💡 Check your pension eligibility today! 👉 NPS & Basic Pension Calculator

If you’re receiving the Korean National Pension, here’s what you need to know for 2025:

📌 Expected Pension Increase: ✔ Inflation-based adjustment: 3.5% rise 🚀 ✔ Monthly pension increase: ₩30,000–₩60,000 more per month

📌 How to Maximize Your Pension? ✅ Extend your contribution period – The longer you contribute, the more you receive. ✅ Delay pension withdrawal – Waiting until 65+ years old can increase payments by up to 36%! ✅ Report higher income – Declaring a higher income leads to larger pension benefits.

💡 Plan ahead for a secure retirement! 👉 Check your expected pension amount using the official calculator