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Fund Status
As a reserve fund of the National Pension Plan, the National Pension Fund is determined by subtracting pension benefits and general & administrative expenses from pension contributions, investment income, etc.
Fund Status
(in billion won, as of end-Aug 2024)| Cumulative | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Revenues (A) | 1,198,493 | 58,553 | 82,293 | 81,957 | 91,551 | 69,387 | 64,197 |
| Contributions | 836,240 | 40,783 | 58,370 | 55,914 | 53,540 | 51,217 | 47,800 |
| Investment Income | 361,508 | 17,761 | 23,913 | 26,034 | 38,000 | 18,163 | 16,382 |
| Government subsidy, etc. | 744 | 10 | 11 | 8 | 12 | 6 | 15 |
| Expenses (B) | 368,558 | 29,187 | 39,873 | 34,821 | 29,875 | 26,359 | 23,433 |
| Pension Benefits | 356,249 | 28,634 | 39,040 | 34,020 | 29,137 | 25,654 | 22,764 |
| General and administrative Expenses |
12,116 | 548 | 824 | 792 | 729 | 697 | 660 |
| Operating Expenses for Welfare Facilities | 192 | 5 | 9 | 9 | 9 | 8 | 8 |
| Increase (A-B) | 829,935 | 29,366 | 42,420 | 47,136 | 61,676 | 43,027 | 40,764 |
| Reserve Fund (purchase price) |
829,935 | 829,935 | 800,569 | 758,149 | 711,013 | 649,336 | 606,309 |
Note:
- Cash basis accounting is used for financial records above, including revenues, expenses and reserve funds.
- Government subsidy, etc. above includes government subsidy, surplus and security deposits for buildings owned by NPS.
- General and administrative expenses above include administrative fees and operating expenses for pension services.
- The figures above might not add up due to rounding.