South Korea's NPS Old-Age Pension 2026: Korean early claim (Korean 60–64) -6% / yr (max -30%), Korean normal (Korean 65), Korean delayed claim (Korean 66–70) +7.2% / yr (max +36%). Korean cumulative receipt comparison by Korean life-expectancy assumption.
| Korean Early Old-Age Pension | Korean ≥60 (Korean ≤5 yrs before Korean normal) + Korean ≥10-yr contribution + Korean no income activity (or Korean below cap) |
| Korean Normal Old-Age Pension | Korean 65 (Korean post-1969 birth) + Korean ≥10-yr contribution. Korean tiered by birth year (1953–1956: 61, 1957–1960: 62, 1961–1964: 63, 1965–1968: 64, 1969+: 65) |
| Korean Delayed Pension | Korean 1–5 yr Korean delay from Korean normal claim age (Korean 66–70) |
| Korean contribution | Korean min 10 yrs (120 mo) |
| Korean income activity | Korean income during Korean early claim may Korean stop / Korean reduce Korean pension |
| Korean claim age | Korean rate | Korean monthly if Korean normal = 1M KRW |
|---|---|---|
| Korean 60 (Korean 5-yr early) | 70% (-30%) | 700,000 KRW |
| Korean 61 | 76% (-24%) | 760,000 KRW |
| Korean 62 | 82% (-18%) | 820,000 KRW |
| Korean 63 | 88% (-12%) | 880,000 KRW |
| Korean 64 | 94% (-6%) | 940,000 KRW |
| Korean 65 (Korean normal) | 100% | 1,000,000 KRW |
| Korean 66 | 107.2% (+7.2%) | 1,072,000 KRW |
| Korean 67 | 114.4% | 1,144,000 KRW |
| Korean 68 | 121.6% | 1,216,000 KRW |
| Korean 69 | 128.8% | 1,288,000 KRW |
| Korean 70 (Korean 5-yr delay) | 136% (+36%) | 1,360,000 KRW |
| Korean early vs Korean normal (60→65) | Korean ~76–78 yrs — Korean death before → Korean early favored |
| Korean normal vs Korean delayed (65→70) | Korean ~81–83 yrs — Korean survival after → Korean delayed favored |
| Korean early vs Korean delayed (60→70) | Korean ~80–82 yrs — Korean normal / slight Korean delay typically Korean better on Korean average |
| Korean note | Korean estimate excludes Korean inflation indexing — Korean individual results vary widely |
| Korean health | Korean family history / Korean chronic disease / Korean shorter Korean life expectancy → Korean early |
| Korean income | Korean early-60s job present → Korean early gets Korean stopped/reduced → Korean normal/delayed |
| Korean basic pension | Korean basic pension at Korean 65 — Korean integration with Korean NPS may Korean reduce Korean basic |
| Korean other assets | Korean severance / Korean savings / Korean home pension sufficient → Korean delayed for Korean stronger Korean retirement |
| Korean spouse survivor | Korean 60% Korean survivor pension to Korean spouse — Korean normal/delayed Korean better for Korean spouse coverage |
| Korean tax | Korean over Korean 12M / yr Korean global income tax (Korean income tax + Korean local) |
| Korean NPS | 1355 |
| Korean Health & Welfare Hotline | 129 |
| Korean NPS branch | Varies by region |
| Korean NPS site | nps.or.kr |
This South Korea–only summary follows Korea's National Pension Act / enforcement decree and Korean NPS guides (as of April 2026). Korean early-claim reduction (-6%/yr) / Korean delayed-claim increase (+7.2%/yr) / Korean normal-claim age (Korean tiered by birth year) Korean rules vary with Korean policy; Korean actual amount and Korean break-even depend on Korean contribution period, Korean SBI, Korean inflation indexing, Korean income activity, Korean basic-pension integration. Non-binding Korean reference. Korean precise amount via Korean NPS site (nps.or.kr) Korean My Pension Lookup or Korean NPS 1355. Korean tool does not solicit any Korean financial product.
South Korea's National Pension Service (NPS) Early Old-Age Pension (Korean Jogi Noryeong Yeongeum) and Delayed Old-Age Pension (Korean Yeongi Noryeong Yeongeum), under the Korean National Pension Act enforcement decree, allow Korean enrollees to receive Korean pension before or after the Korean normal claim age (Korean 65 for Korean post-1969 births) so they can match Korean claim timing to Korean health, Korean work status, and Korean financial plan. Korean Early Old-Age Pension is available from Korean 60 (Korean 5 years before Korean normal) and reduces Korean monthly amount by Korean 6% per Korean year claimed early (Korean max Korean 5 years → Korean -30%); Korean 60-claim receives Korean 70% of Korean normal for Korean life. Korean income activity exceeding Korean caps (Korean 2024 ref Korean ~2.86M KRW / mo average) during Korean early claim may Korean stop or Korean reduce Korean pension. Korean Delayed Old-Age Pension postpones Korean claim by Korean 1–5 years (Korean 66–70) and increases Korean monthly amount by Korean 7.2% per Korean year delayed (Korean max Korean 5 years → Korean +36%); Korean 70-claim receives Korean 136% of Korean normal for Korean life. Korean break-even is roughly Korean 76–78 yrs (Korean early vs Korean normal) and Korean 81–83 yrs (Korean normal vs Korean delayed). Korean inflation indexing, Korean basic-pension integration, Korean tax, Korean spouse survivor pension affect Korean individual results. Korean apply at Korean NPS site or Korean branch on Korean NPS notice 3 months before Korean normal age — Korean limited changes after.
Korean from Korean 60th birthday. Apply at Korean NPS site or Korean branch — Korean monthly granularity allowed (not just Korean yearly).
Korean income (Korean wage / Korean self-employment) over Korean caps (Korean 2024 ref Korean ~2.86M KRW / mo) Korean may Korean stop / Korean reduce Korean pension. Korean confirm at Korean NPS 1355.
Korean once decided, Korean change is Korean limited. Korean delay duration can be Korean adjusted yearly during Korean delay, but Korean careful Korean decision required.
Yes — Korean basic pension (Korean ≥65, Korean lower 70% income) and Korean NPS Korean stack. Korean NPS over Korean threshold may Korean partially Korean reduce Korean basic pension.
Korean spouse receives Korean Survivor Pension (Korean 60% of Korean own pension). Korean larger Korean own pension via Korean delayed claim → Korean larger Korean spouse Korean Survivor Pension.
Yes — Korean auto-rises with Korean CPI Korean every January. Korean estimate excludes Korean indexing; Korean actual Korean monthly grows Korean each year.
South Korea's 2026 National Pension Service (NPS) Early Old-Age Pension (Korean Jogi Noryeong Yeongeum) and Delayed Old-Age Pension (Korean Yeongi Noryeong Yeongeum), under the Korean National Pension Act enforcement decree, allow Korean enrollees to receive Korean pension before or after the Korean normal claim age (Korean 65 for Korean post-1969 births) — Korean tiered by birth year as Korean 1953–1956 → 61, Korean 1957–1960 → 62, Korean 1961–1964 → 63, Korean 1965–1968 → 64, Korean 1969+ → 65. Korean Early Old-Age Pension is available from Korean 60 and Korean reduces Korean monthly amount by Korean 6% per Korean year claimed early (Korean max Korean 5 years → Korean -30%); Korean 60-claim receives Korean 70% of Korean normal for Korean life. Korean income activity exceeding Korean caps (Korean 2024 ref Korean ~2.86M KRW / mo) during Korean early claim Korean may Korean stop or Korean reduce Korean pension, making Korean early claim Korean unfavorable for Korean working Korean early-60s persons. Korean Delayed Old-Age Pension postpones Korean claim by Korean 1–5 years (Korean 66–70) and Korean increases Korean monthly amount by Korean 7.2% per Korean year delayed (Korean max Korean 5 years → Korean +36%); Korean 70-claim receives Korean 136% of Korean normal for Korean life. Korean break-even is approximately Korean 76–78 yrs for Korean early vs Korean normal, Korean 81–83 yrs for Korean normal vs Korean delayed; Korean Korean average life expectancy is Korean ~83–85 yrs, so Korean normal claim or Korean slight Korean delay is Korean typically Korean favorable on Korean average. Korean min Korean 10-year (120-month) Korean contribution required. Korean inflation indexing, Korean basic-pension integration, Korean tax, Korean spouse survivor pension (Korean 60% of Korean own pension) affect Korean individual results — Korean larger Korean own pension via Korean delayed claim → Korean larger Korean spouse Korean Survivor Pension. Korean apply at Korean NPS site (nps.or.kr) Korean My Pension Lookup or Korean NPS branch on Korean NPS notice 3 months before Korean normal age; Korean monthly 25th deposit Korean next month, Korean limited changes after Korean choice. Korean stack with Korean basic pension (Korean ≥65, Korean lower 70% income) is allowed though Korean NPS over Korean threshold may Korean partially Korean reduce Korean basic pension. Korean inflation auto-indexing Korean every January. Korean contacts: Korean NPS 1355, Korean Health & Welfare 129.