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Korea pension reform: passage, promulgation and implementation

Track the 2025 National Pension Act amendment through three legal stages. The reform raises contributions gradually, so the final 13% rate should not be mistaken for the first year's rate.

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Reviewed 9/21/2026

Selected legislative milestones through January 1, 2026. Individual entitlements depend on the applicable rules and contribution history.

Dates without a time use the local date of the event.

Recorded event

Implementation begins with a 9.5% contribution rate

The contribution rate rose to 9.5% in the first year of the phased increase, while the nominal replacement rate became 43%.

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The law phases the contribution increase toward 13%; the entire increase was not imposed immediately.

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From the beginning

Through 1/1/2026

Selected legislative milestones through January 1, 2026. Individual entitlements depend on the applicable rules and contribution history.