Korea National Pension Rate 2027 Calculator

Korean National Pension Service (NPS) 2027: 9% combined rate (employee 4.5% + employer 4.5%) on monthly compensation between ₩320K-₩5.5M (2024 ceiling). Self-employed: full 9%. NPS reform pending — rate may rise to 15% by 2030 to address demographic deficit.

Monthly compensation (₩000K)

Worker type

Korean NPS Structure

9% combined rate since 1998. Employee 4.5%, employer 4.5% (employer pays both for self-employed). Pensionable salary capped at ₩5.53M/mo (2024).

Reform Pending

NPS fund projected to deplete by 2055. Government proposes raising rate to 12-15% gradually + adjusting benefits.

Pension Age

63 (current). Phasing to 65 by 2033. Early claim possible from 60 with reduction.

Source and Disclaimer

nps.or.kr. 2027 ceiling projected from 2024 baseline + 3% indexation.

Source: nps.or.kr. Last updated: May 2026.