National Pension early claiming: why take it sooner with a -30% cut? | Breaking even after age 80 | Survivor benefits
An independent exercise, not a statement by the video creator or verification of every claim in the video.
How long it takes the higher benefit to catch up after deferral
Assume a standard monthly benefit of KRW 1,000,000 and a full 60-month deferral that raises it to KRW 1,360,000. The standard claimant receives KRW 60,000,000 during the waiting period. The deferred claimant closes the gap by KRW 360,000 a month, so with fixed benefits the cumulative amount moves ahead at the 167th payment after deferral.
Check for yourself
- How much of the cost of living during deferral can other income or savings cover?
- With your own NPS benefit estimates, how large are the head start and the monthly difference afterward?
Limits of application
This is a simple pretax sum with fixed benefits. It excludes inflation, discounting, income-related reductions, tax, health insurance premiums and individual payment date differences.
- What to look for
- See why higher monthly benefits still need to be compared with the payments that could have been received earlier.
- Why it matters
- Compare standard, early and deferred benefits on common assumptions and budget separately for a couple and for a surviving spouse.
Timeline
4 segmentsThe survivor benefit applies a coverage-based rate to the deceased’s basic pension amount and adds the dependent supplement. The video’s example applies a rate directly to the old-age benefit received, which differs from the actual formula. The deferral increase is excluded. When entitled to both benefits, compare the survivor pension with your own old-age pension plus 30% of the survivor benefit.