National pension recipients hit 7m in November
The national pension fund said Monday that the number of its recipients reached 7 million this month, marking the first time the milestone has been reached since its launch in 1988. "More than half of South Koreans aged 65 and above are currently receiving national pension," the National Pension Service said in a statement. "This indicates that the NPS is playing a pivotal role as a safety net for retirees." The NPS currently distributes 3.6 trillion won ($2.57 billion) month
Nov. 25, 2024