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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-Mar. 2024)
Fund Status chart
Cumulative 2024 2023 2022 2021 2020 2019
Revenues (A) 1,161,171 21,231 82,293 81,957 91,551 69,387 64,197
Contributions 810,576 15,118 58,370 55,914 53,540 51,217 47,800
Investment Income 349,857 6,109 23,913 26,034 38,000 18,163 16,382
Government subsidy, etc. 738 4 11 8 12 6 15
Expenses (B) 350,017 10,646 39,873 34,821 29,875 26,359 23,433
Pension Benefits 338,057 10,441 39,040 34,020 29,137 25,654 22,764
General and
administrative Expenses
11,771 203 824 792 729 697 660
Operating Expenses for Welfare Facilities 189 2 9 9 9 8 8
Increase (A-B) 811,155 10,586 42,420 47,136 61,676 43,027 40,764
Reserve Fund
(purchase price)
811,155 811,155 800,569 758,149 711,013 649,336 606,309
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.