Public Officials Pension Service: Who Qualifies and What You Get
Learn how the Public Officials Pension Service provides monthly retirement payments for permanent civil servants and firefighters in South Korea.
The Public Officials Pension Service provides retirement income to permanent civil servants, including firefighters, to support them after they leave their jobs.
Who it's for
This scheme is available to all permanent civil servants. This includes individuals working in emergency services, such as firefighters.
What you get
Once you retire, you will receive monthly pension payments. The amount you receive depends on how many years you served and the total contributions made during your career.
What it costs you
To fund your future pension, a portion of your pay is deducted every month. This deduction is roughly 9% of your base salary.
The catch to know
There is a minimum requirement for how long you must work to receive benefits. You must complete at least 10 years of service to qualify for any pension payout.
How to apply
- Confirm your total years of service through your employment records.
- Check your contribution history to understand your projected monthly amount.
- Follow the official retirement filing process when you reach retirement age.
- Visit the official portal for more details: https://www.geps.or.kr