Article 68 (in Chapter V of the compulsory Social Insurance), the Law on Social Insurance 2024 stipulates as follows:
One-time pension upon retirement
1. Male workers with a social insurance payment period of more than 35 years, female workers with a social insurance payment period of more than 30 years will also receive a one-time allowance in addition to pension when retiring.
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In addition, Article 100 (in Chapter VI of the Law on Social Insurance) 2024 stipulates as follows:
One-time pension upon retirement
1. Male workers with a social insurance payment period of more than 35 years, female workers with a social insurance payment period of more than 30 years will also receive a one-time allowance in addition to pension when retiring.
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Accordingly, from July 1, 2025, the one-time pension upon retirement will apply to both compulsory and voluntary social insurance participants.
Specifically, the one-time pension upon retirement is 0.5 times the average income used as the basis for social insurance contributions.
In addition, in case the employee is eligible to receive pensions and continue to pay social insurance, the 2 -time level of the average income is the basis for paying social insurance for each year higher than 35 years for men and 30 years for women from the time of retirement age as prescribed by law until the time of retirement.
