Basic Eligibility for Old-Age Pension
You can claim the old-age pension if you have contributed for at least 10 years and have reached the pension starting age for your year of birth. The starting age rises gradually from age 61 for people born between 1953 and 1956, reaching age 65 for those born in 1969 or later.
Why Estimated Benefits Differ from Person to Person
Your pension amount is calculated based on your contribution period, your standard monthly income during enrollment, and the average income of all enrollees. You cannot determine the accurate amount simply by multiplying your recent salary by 9% or comparing yourself with someone else of the same age.
The Most Accurate Way to Check
Use the National Pension Service's online civil service portal or mobile service to view your contribution records and estimated monthly pension benefit. Also check whether past workplaces or periods exempt from contributions differ from what you expected. Follow the current authentication method shown on the service screen.
Early Old-Age Pension and Deferred Pension
If you meet the income requirements and other conditions, you can receive an early old-age pension up to 5 years sooner, but your benefit is reduced by 0.5% for every month you claim early, for life. Conversely, deferring your pension increases it by 0.6% for every month deferred, for up to 5 years. The more advantageous choice depends on your personal circumstances.
Check Voluntary Back Payments and Optional Enrollment Before Applying
If you have periods exempt from contributions, you can ask the National Pension Service whether they qualify for later contributions. If you are not subject to mandatory enrollment, you can also check whether optional enrollment is available. Compare the required payments, the additional enrollment period, and the change in your estimated pension before deciding.