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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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Korea Ministry of Government LegislationPrimary record

The amendment is promulgated - source record

www.law.go.kr

Supports this dated milestone; source wording is summarized independently.

Published: Publication date not provided
Source checked: 9/21/2026
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

National Assembly passes the pension reform

The National Assembly passed the pension reform, setting a higher contribution-rate path and a 43% nominal replacement rate.

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Legislative passage preceded promulgation and implementation; the higher rates did not all start that day.

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Recorded event

The amendment is promulgated

The amendment was promulgated as Act No. 20903, with implementation set for January 1, 2026.

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The official legal record distinguishes the promulgation date from the effective date.

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Korea Ministry of Government LegislationPrimary record

The amendment is promulgated - source record

www.law.go.kr

Supports this dated milestone; source wording is summarized independently.

Published: Publication date not provided
Source checked: 9/21/2026
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.