Government Employees Pension Service: Who Qualifies and What You Get
Learn how public servants in South Korea secure monthly retirement payouts through mandatory contributions and years of service.
This scheme provides monthly retirement payments to public servants to ensure financial security after they finish their careers.
Who it's for
This service is available to all registered public servants, which includes police officers.
What you get
Once you retire, you will receive monthly pension payouts. The amount you receive is determined by how many years you served and the total amount you contributed during your career.
What it costs you
This is a mandatory program. A portion of your monthly salary, specifically 9% of your base salary, is deducted from your payroll to fund the pension.
The catch to know
Your final pension amount is strictly tied to your years of service. If you resign from your position early, it will significantly reduce the amount of money you receive in your retirement payout.
How to apply
- Confirm your eligibility through your employment records.
- Review your total years of service and contribution history.
- Follow the official retirement application process through your department.
- Visit the official portal for more details: https://www.geps.or.kr