"Even if I fill up the national pension for 30 years with an annual salary of 100 million won, does it really only cost 1.5 million won per month? It needs to be 2 million won per month to prepare for retirement I think I can do it…I don't even know what to prepare now." (Mr. A, who lives in Seoul)
This is Mr. A's complaint, who has recently inquired about the reporter.
It was even more so because he believed that the number of people receiving the national pension increased sharply by 2 million won per month through various media recently, and that he would pay 2 million won.
As a large number of high-income office workers retire, the number of senior citizens receiving more than 2 million won per month is also rapidly increasing.
According to the National Pension Service, the number of national pensioners receiving more than 2 million won per month as of the end of June was 80,791, a surge of 30,000 from the end of last year. If the increase continues, it is expected to reach 110,000 within this year.
The number of national pensioners receiving more than 2 million won per month was only 1,353 until the end of 2021, but ▲5410 in 2022 ▲17,810 in 2023 ▲ 50,772 in 2024.
It is interpreted as the effect of those born after the late 1950s, when they joined the company in the 1980s, during the period of high economic growth, and worked for a long time, entering the age of receiving the national pension.
However, it is true that the national pension receipt of 2 million won per month is only 0.7% of the total, which is a little far from reality.
According to the actual simulation results, the average amount received was only 1.5 million won per month when the national pension was paid for 30 years with an annual salary of 100 million won (a monthly income limit of 6.37 million won).
Of course, the actual amount received varies depending on the individual subscription period, income, and insurance payment details.
The reason is simple.
The national pension is a "income proportional type + ceiling method", so no matter how high the income, only up to 6.37 million won is reflected in the premium calculation.
The figure reflects the increase in the monthly income ceiling of the national pension fund to 6.37 million won from July this year. For your information, the lower limit is around 390,000 won.
The conditions to pass the hurdle of 2 million won per month are simply in the middle of a mountain. ▲Payment for at least 40 years ▲Application of deferred pension (late receipt period) ▲Receiving all conditions including additional dependents are required.
In other words, even if you are a high-income office worker with an annual salary of more than 100 million won, it is difficult to expect a pension of 2 million won per month with only 30 years of payment.
Multiple financial sector officials said, "It is only a small part of receiving 2 million won per month as a national pension," and advised, "We need to supplement personal pensions (IRP, pension savings, etc.), retirement pensions, and housing pensions to generate stable retirement income."
In particular, at least 340,000 elderly people with 'house poor' can escape poverty when using housing pensions, he/she said.
A housing pension is a financial product that allows you to leave your house as collateral and live in that house and receive a loan in the form of a lifelong pension. Currently, if you are 55 years of age or older and own a house with an official price of less than 1.2 billion won, you can join. The average home price of subscribers is 389 million won and the average pension amount is 1.22 million won.
The problem is that it may be a loss to receive 2 million won of the national pension. This is because the burden increases as more cases lose their health insurance dependents. This is because the income standard for maintaining dependents for employees has been strengthened from 34 million won to 20 million won per year due to the reorganization of the health insurance fee imposition system in 2022.
The National Pension Service estimates that about 7.2% (249,000 households) of dependent households with people over the age of 60 will lose their dependency status. The additional health insurance premiums they have to pay are about 220,000 won per month on average.
Experts point out that the additional burden of the national pension is unreasonable compared to personal pensions. This is because health insurance premiums are levied on public pension income such as the national pension, but not on personal pension income such as retirement and personal pension.
For example, those who receive 2 million won in national pension per month are subject to health insurance premiums, but those who receive 1 million won in national pension and 1 million won in private pension will be charged health insurance premiums only for 1 million won in national pension.
In this regard, the National Pension Service suggested, "When the health insurance fee is imposed, the basic pension amount should be deducted from the national pension income, and the housing pension should be included in the housing financial debt deduction."