Trend Pulse

Starting in 2026, the National Pension will change dramatically. Premiums will go from 9% to 9.5%, but the pension you receive will also increase. Workers will have to pay an additional KRW 7,700 per month and local workers will have to pay KRW 15,400 per month. However, the income replacement rate will increase from 41.5% to 43%, which means that a 40-year member will receive about 90,000 won per month more. The core of the reform is 'pay more and get more'. Premiums will gradually rise to 13% by 2033, with the state guaranteeing the pension payments. Premiums will also be subsidized for those in low-income areas. Current beneficiaries will not be affected, and new beneficiaries will start in 2026. The policy aims to stabilize pension finances in the long term and strengthen retirement income security. #national pension #national pension reform #premium increase #income replacement rate #2026