Basic pension FAQ
Short answers to the questions asked most often about the basic old-age pension, based on the National Pension Act and its Enforcement Order.
When can I claim?
Normally from 65 years. You can claim as early as 60 years, or defer as late as age 75. See claiming early or deferring for the detail.
How much insurance period do I need?
At least 10 years for the ordinary route, and the same 10 years for the early route — paid and exempted periods combined.
How is the amount calculated?
Art. 27’s statutory base is scaled by the proportion of months you were insured, then multiplied by a revision rate reset each fiscal year. The current revision rate, and so the actual amount payable, is not stated in the articles this site cites. See how the amount is worked out for the detail.
Does the early-claim reduction ever go away?
No provision restoring the unreduced rate is cited by this site, and the reduction continues for as long as the pension is paid under the provisions this page is built on.
Is there a maximum pension amount?
No provision capping the pension amount itself was found. The month-count pro-rata caps at 480 months, but that is a cap on the calculation input, not a ceiling on the pension itself.