Find out the differences between old-age pensions and basic pensions and eligibility (property standards)
In this posting, we will look into the difference between the old-age pension and the basic pension, as well as the eligibility and property standards.
In fact, Korea is well known as the No. 1 poverty rate among the elderly in the OECD.
Why is the poverty rate of the elderly so high?I think it’s probably because I live without preparing for my retirement.
In the United States and other developed countries, pension systems are well established, so if you work until retirement age, you can live without worrying about money.
However, Korea has no system other than the National Pension Service.
That’s why it’s only difficult to prepare for retirement after purchasing a house and getting children educated and married.
old-age poverty
The basic pension has recently become a hot topic in the news and politics.
Do you happen to know exactly about the basic pension?
I actually didn’t know much about the basic pension.
It’s still a long way off, and can I get a pension when I get older?It’s true that I thought that.
In this posting, we will learn more about the difference in basic pension for old age and eligibility (property standards).
1. Old Age Pension
First, the old-age pension is the national pension.
More specifically, the old-age pension is included in the national pension.
The old-age pension is a pension designed to replace income when one becomes unable to engage in income activities with age, and was created to prepare for the life and poverty rate of the elderly without income.
So, what are the eligibility criteria for an old-age pension?
In conclusion,
The national pension payment period is more than 10 years, and it is a pension that can be received monthly for life after the age of 60.
However, the amount may vary depending on income, early annual salary, and pension benefits.
Please refer to the previous posting for more information on this.
December 3, 2022 – [Overall Classification] – To know the difference in national pension and the criteria for receiving and receiving old age pension accurately.
Accurately understanding the differences in the national pension and the criteria for receiving the old age pension
Knowing exactly the differences and criteria for the national pension and old-age pension In this posting, we will introduce the differences and standards for the national pension and old-age pension.It’s been a while since the depletion of the national pension started earlier and earlier and earlier.
real.no1goodinfo.com
2. Basic Pension
Let’s look at the basic pension now.
The basic pension is a pension system paid by the state to help low-income seniors (low-income over 65 years of age) who do not receive the national pension or have difficulty living due to insufficient pension benefits even if they are receiving it.
The past name of the basic pension was “basic old-age pension.”
That’s why many people seem to confuse the basic pension and the old-age pension.
There are two qualifications for basic pension.
1) 65 years of age or older
2) Below the base income standard
If the income standard is less than 1.8 million won for single households and 2.88 million won for married households, it is possible to receive and receive.
basic pension benefit property standard
기초연금-재산기준
basic pension property standard
3. Amount of basic pension benefits
Then, how much can I get for my basic pension?
Single households can receive up to 307,500 won per month and married households can receive up to 492,000 won per month.
The amount of basic pension benefits can be simulated on the website as welfare.
welfare simulation
Method of confirming basic pension benefits
welfare simulation shortcut
So far, we have seen the difference between the old-age pension and the basic pension.
There seems to be nothing like a pension to prepare for old age.
However, most citizens have no other measures than the National Pension Service.
Of course, there are quite a few people who have not even subscribed to the basic national pension.
The problem of depletion has continued to be an issue since 2050, but by current standards, the most efficient pension that pays less and receives more is certain.
Therefore, I recommend you to check the national pension (aged pension) supply and demand standards and meet the minimum payment standard for 10 years.
I hope you have a happy retirement by preparing well in advance so that you can have a solid retirement, a pension that comes out like a simple salary.
I hope you will consider pension eligibility and property standards well and receive the pension you can receive as much as possible and have a warm retirement.