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How to Handle the Drastic Reduction in Basic Pension Payments Due to Rising Interest Rates

◀ Again ▶

The basic pension, which was paid hundreds of thousands of won every month, was drastically reduced this year, causing a wave of complaints to relevant organizations.

Financial interest rates, which increased significantly last year, became the reason for cutting basic pensions.

As interest rates have risen unusually, pensions have also fallen significantly.

In some cases, you may be notified of a complete suspension of payments.

This is reporter Lee Joo-yeon.

◀ Report ▶

April is the month in which the basic pension survey for the first half of the year is carried out.

You will be notified of the reduction or suspension of the basic pension, which has been paid up to 330,000 won per person.

During this period, each district office is hit by a wave of complaints.

[구청 관계자 (음성변조)]

“We are receiving a lot of complaints right now. “At this time, we are continuing to work overtime to notify you.”

There are changes every year, but this year there are more.

The main reason is the increase in interest rates in the financial sector.

Last year, interest rates rose as high as 6%, earning double the interest compared to previous years, and the resulting increase in income has been reflected this year.

The number of people receiving a basic pension in Jeonju City is about 72,000, or 64% of the elderly population.

In a survey conducted starting last month, 1,389 people were informed of a decrease in salary over the course of a month.

Additionally, 313 people have been notified that their benefits have been completely suspended, and the number is expected to increase as the investigation lasts two months to the end of June.

[구청 관계자 (음성변조)]

″This year, many people entitled to the basic pension (basic pension) have seen their income decrease. A lot of active interest has been generated. So, due to interest income…”

Changes in payments can also occur when real estate prices rise or financial wealth increases, but changes in interest rates have been the biggest factor this year.

The Ministry of Health and Welfare maintains that it has not reduced welfare benefits by constantly expanding standards to reflect rising prices.

It is also true that the standard income for single households for seniors aged 65 or older increased from 2.02 million won per month last year to less than 2.13 million won this year, an increase of 3.6% in the standard amount.

However, as the impact is growing as many seniors see their pensions reduced due to a sharp rise in interest rates, another change is expected as a plan is being considered to reduce the payment target from the current 70% to 50% or less. .

This is Lee Ju-yeon from MBC News.

Video coverage: Kang Mi-i/Jeonju

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