Social Security Office Explains Discrepancies in Old-Age Pension Amounts on SSO Plus App

On February 5, 2024, the Social Security Office addressed concerns about old-age pension fund discrepancies in the SSO Plus app. The office explained that the variations can occur due to multiple factors, including areas with reduced contribution rates during specific periods such as flood crises, COVID-19 pandemic, and economic downturns. Instances like working for multiple employers simultaneously or having different insurance statuses within the same month can affect calculations. The new app system now incorporates these nuanced calculation methods to provide more accurate information across all platforms. For pension benefits, insured individuals must terminate their employment and be at least 55 years old. Those contributing less than 180 months receive a lump-sum pension benefit, while those contributing 180 months or more receive a lifelong monthly pension. The Social Security Office apologized for any inconvenience and is committed to improving service transparency and accuracy.