(1)National Pension Service Fears of Depletion in 2055 Tested New Year’s Reform Agreement
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(2)Input 20231229 AM 548 Articles
(3)Reporter Kim Dongwook
(4)one family
(1)The discussion on national pension reform is expected to continue until the general election in April next year
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(2)If you postpone it any longer, the burden on future generations will only increase, so attention is focused on whether you can draw a conclusion this time
(3)I’m reporter Kim Dongwook
(4)The National Pension Service was designed with a premium rate of 3 income replacement rate of 70 when it was introduced in 1988
(5)It’s an unsustainable structure, which means that if you pay 30,000 of your income, you get 70 of your average monthly income after retirementThe premium rate rose to 9 in 1993 to 698 but the pension reform has since failed repeatedly and stopped for 26 years
(6)If the current system is maintained, the National Pension Service is expected to run out in 2055 when the balance of payments will turn to deficit from 2041 and the 1990s will retire
(7)In response, the Yoon Suk Yeoln government also emphasizes pension reform as one of the three major reform tasks
(8)Prime Minister Han Deok-soo will innovate the national social security system on the 12th Promote national pension reform through social consensus such as discussion at the National Assembly
(9)In October, the government reported two proposals to the National Assembly, with a panel of experts drafting a national pension reform plan containing 24 scenarios
(10)The first plan is to raise the premium rate to 13 and increase the income replacement rate by 75 points, while the second plan is to strengthen the stability of the fund by raising the premium rate to 15 and lowering the income replacement rate slightly to 40
In the end, it means that the national pension rate will be raised