Policies · 2 sources combined
Received National Pension,
Basic Pension cut 2.8 trillion won
In short
This is because receiving a large National Pension (workers' pension) reduces Basic Pension (monthly state pension for low-income seniors).
Basic Pension cuts over the past 5 years have reached 2.8 trillion won.
8 out of 10 people who received reduced benefits are National Pension recipients earning 1 million won or less per month.
Key facts
| When | A National Pension linkage reduction system introduced in 2014 has seen cuts increase significantly over the past 5 years. |
|---|---|
| Who | National Assembly Health and Welfare Committee member Nam In-soon revealed this through data submitted by the Ministry of Health and Welfare. |
| What | Basic Pension for National Pension recipients was cut by a total of 2.8 trillion won over 5 years. |
| How | Basic Pension is reduced when National Pension exceeds 150% of the standard pension amount (514,000 won per month in 2025). |
What it means for me
Elderly people who paid National Pension longer and in larger amounts may see their Basic Pension reduced.
If you consistently pay into National Pension now, your Basic Pension may be cut later.
If you receive more than 514,000 won per month in National Pension, your Basic Pension is reduced.
