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4. I applied for the old-age pension benefit in October, 2010. An adjustment of 5.45% has been made since May 2015. Will I receive further increases in 2017?

No. For beneficiaries who started to receive benefits in 2010, an adjustment was made in May 2015 when the CPI accumulated growth rate reached 5.45% up to 2014. After the adjustment, the CPI accumulated growth rate will be recalculated based on the CPI of 2014. Therefore there will be no adjustment in 2017, since the CPI accumulated growth rate has not yet reached 5% up to the year 2016. 

Last Update:2021-09-23
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