Nearly 100,000 Receive Monthly Retirement Pension of 1 Million Won

Write : 2016-02-26 08:59:37 Update : 2016-02-26 14:57:35

Nearly 100,000 Receive Monthly Retirement Pension of 1 Million Won

Recent tallies show that close to 100-thousand South Koreans receive at least one million won, or about 810 U.S. dollars, per month from the country’s National Pension Service(NPS).

Public NPS statistics show that about 93-thousand South Koreans received at least one-million won monthly as of November last year.

About one-point-one million received monthly pensions in the 100-thousand-won range. Slightly over one million received pensions in the 200-thousand-won range while about 590-thousand benefited from monthly pensions in the 300-thousand-won range.

Nearly one-point-one million pension beneficiaries were between the ages of 65 and 69 while about one million were between the ages of 60 to 64. About 810-thousand were aged 70 to 74.

The highest monthly pension dispersed was one-point-865 million won. 

Citizens who had paid monthly stipends to the NPS for at least two decades received on average about 883-thousand won per month in pensions. Those who had subscribed to the NPS for less than 20 years received about 404-thousand won per month.

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