This year’s national pension pay increased by 0.5%… Monthly average increase of 2,690 won from this month

Input 2021.01.10 13:52

On the 10th, the Ministry of Health and Welfare announced an administrative notice of the revised bill of the’National Pension Revaluation Rate and Pension Amount Adjustment’ notification, which increased the amount of the national pension pension by reflecting the inflation rate (0.5%) from this month to the previous year through the resolution of the National Pension Review Committee. Revealed.

The National Pension Plan raises the pension amount by reflecting the increase in inflation every year to prevent a decline in the real value of the pension amount and ensure an appropriate level of benefits. The revised notice is applied until December.

The basic pension amount for all 4.43 million annual pensioners rises by 2,690 won on average. Among these, the basic pension amount for subscribers over 20 years increases by 4650 won on average. Specifically, as of October last year, a total of 550,000 old-age pension recipients who have been enrolled for more than 20 years, and their average pension amount will increase by 4,650 won from 93,670 won per month to 935320 won.

If you have dependents, the amount of additional pensions for dependents will increase. On an annual basis, the pension amount for spouses increased by 1300 won to 260,060 won, and for children and parents, the pension amount increased by 870 won to 17,5330 won.

Recipients who start receiving the national pension from this year preserve the real value of the pension by calculating the pension amount through a process of reevaluating (converting) the past income to the present value by reflecting the increase in the total average income (A value) of the subscribers.

The average monthly income (A value) of all subscribers is calculated at the end of each year. Last year, it was 25,397,344 won, up 4.1% from the previous year (243,679 won).

The national pension payment date is the 25th of each month.