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Retroactive Pension Contributions Under Review | South Korea News
The National Pension Service is cracking down on retroactive contributions to ensure fairness and sustainability, after a few cases—mostly involving foreign nationals—raised red flags about people making minimal regular payments then catching up on nearly a decade of contributions. While these were rare and involved individuals who lived in Korea during those periods, the system’s integrity is now under review. Changes could include shorter windows for back payments, tying eligibility to prior consistent contributions, and lowering the current 119-month cap. These adjustments will affect all…
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