Main text
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-Apr 2022)| Cumulative | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|
| Revenues | 1,002,766 | 27,076 | 91,551 | 69,387 | 64,197 | 59,762 | 57,936 |
| Contributions | 699,376 | 18,203 | 53,540 | 51,217 | 47,800 | 44,374 | 41,785 |
| Investment Income | 302,668 | 8,867 | 38,000 | 18,163 | 16,382 | 15,378 | 16,142 |
| Government subsidy, etc. | 722 | 6 | 12 | 6 | 15 | 10 | 9 |
| Expenses | 275,805 | 11,128 | 29,875 | 26,359 | 23,433 | 21,396 | 19,707 |
| Pension Benefits | 265,418 | 10,863 | 29,137 | 25,654 | 22,764 | 20,753 | 19,084 |
| General and administrative Expenses |
10,215 | 263 | 729 | 697 | 660 | 635 | 615 |
| Operating Expenses for Welfare Facilities | 172 | 2 | 9 | 8 | 8 | 8 | 8 |
| Increase | 726,961 | 15,948 | 61,676 | 43,027 | 40,764 | 38,366 | 38,229 |
| Reserve Fund(purchase price) | 726,961 | 726,961 | 711,013 | 649,336 | 606,309 | 565,544 | 527,179 |
Note:
1. Cash basis accounting is used for financial records above, including revenues, expenses and reserve funds.
2. Government subsidy, etc. above includes government subsidy, surplus and security deposits for buildings owned by NPS.
3. General and administrative expenses above include administrative fees and operating expenses for pension services.
4. The figures above might not add up due to rounding.
1. Cash basis accounting is used for financial records above, including revenues, expenses and reserve funds.
2. Government subsidy, etc. above includes government subsidy, surplus and security deposits for buildings owned by NPS.
3. General and administrative expenses above include administrative fees and operating expenses for pension services.
4. The figures above might not add up due to rounding.