Am I eligible for the national pension scheme?
본문
About the National Pension Scheme
The National Pension Scheme is Korea’s social insurance scheme to
help the insured cope with old age, disability, death and other life risks.
Foreigners who are legal residents in Korea are entitled to equivalent
benefits as Korean nationals, if they subscribe to the national pension fund.
Foreigners aged between 18 and 60 residing in Korea are subject to compulsory subscription to the national pension scheme.
However, foreign residents whose governments do not apply their own national pension coverage
or equivalent to Korean nationals are excluded from the coverage of the scheme.
Foreigners who are employed at workplaces subject to the national pension scheme shall enroll themselves into the scheme through their employers.
Individual subscribers shall enroll themselves into the scheme personally.
Foreign residents shall pay 9% of their monthly wages as pension contributions, as for Korean
nationals. Each monthly contribution is due on the 10th day of the following month..
Workplace-based insured persons and their employees shall contribute 4.5% of monthly wages,
respectively, to the fund, while individually insured persons shall contribute 9% of their wages to the fund.
Although foreign residents are not entitled to lump sum refunds in principle,
they may receive their contributions and accrued interests when they return to their home countries, become deceased, or reach the age of 60.
Lump-Sum Refund
❶ Foreigners with Training Employment(E-8), Non-Professional Employment(E-9), or Working Visit(H-2) visa (regardless of nationality)
❷ Foreigners whose governments have formed social security pacts with the Korean government (13 countries)
❸ Foreigners whose governments allow lump-sum refunds to Korean nationals (27 countries)
☎1355 without an area code
The National Pension Scheme is Korea’s social insurance scheme to
help the insured cope with old age, disability, death and other life risks.
Foreigners who are legal residents in Korea are entitled to equivalent
benefits as Korean nationals, if they subscribe to the national pension fund.
Foreigners aged between 18 and 60 residing in Korea are subject to compulsory subscription to the national pension scheme.
However, foreign residents whose governments do not apply their own national pension coverage
or equivalent to Korean nationals are excluded from the coverage of the scheme.
Foreigners who are employed at workplaces subject to the national pension scheme shall enroll themselves into the scheme through their employers.
Individual subscribers shall enroll themselves into the scheme personally.
Foreign residents shall pay 9% of their monthly wages as pension contributions, as for Korean
nationals. Each monthly contribution is due on the 10th day of the following month..
Workplace-based insured persons and their employees shall contribute 4.5% of monthly wages,
respectively, to the fund, while individually insured persons shall contribute 9% of their wages to the fund.
Although foreign residents are not entitled to lump sum refunds in principle,
they may receive their contributions and accrued interests when they return to their home countries, become deceased, or reach the age of 60.
Lump-Sum Refund
❶ Foreigners with Training Employment(E-8), Non-Professional Employment(E-9), or Working Visit(H-2) visa (regardless of nationality)
❷ Foreigners whose governments have formed social security pacts with the Korean government (13 countries)
❸ Foreigners whose governments allow lump-sum refunds to Korean nationals (27 countries)
☎1355 without an area code