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An average income earner who pays into the national pension for 30 years would still get far less in return than what he or she needs for the most basic sustenance in senior years, data showed Friday.
A worker who makes 2.18 million won ($1,924) a month, the average income as of 2016, would receive a monthly 670,000 won after a 30-year subscription, far short of the 1.04 million won needed to meet basic needs, according to the data released by the office of Rep. Nam In-soon. The figures were derived from the National Pension Service (NPS) records provided to the lawmaker for parliamentary audits.