National Pension Fund to Raise December Lump-Sum Contribution Rate to 9.5%—Equity Enhanced
South Korea's National Pension Service will apply a higher 9.5% contribution rate to December lump-sum payments, aligning with 2025 standards to enhance fairness between retroactive and regular contributors.
Pension Reform Bill Passes, Political Debate Continues - Party Leaders - 'We Apologize to the Youth'
South Korean political parties clash over National Pension reform bill, apologizing to youth for increased burden while defending necessity to prevent fund depletion
South Korean Presidential Office welcomes National Assembly's passage of pension reform bill, emphasizing need for comprehensive structural reforms to address sustainability and intergenerational equity in super-aged society
#YonhapInfomax #PensionReform #NationalAssembly #StructuralReform #ContributionRate #IncomeReplacementRate #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=55006
Presidential Office - 'Late but Fortunate First Step in Pension Reform... To Be Completed with Structural Reform'
South Korean Presidential Office welcomes National Assembly's passage of pension reform bill, emphasizing need for comprehensive structural reforms to address sustainability and intergenerational equity in super-aged society
National Pension Reform Bill Passes National Assembly - 'Pay More, Receive More'
South Korea's National Assembly passes major pension reform bill, increasing contribution rates and benefits, establishing special committee for further reforms
Government 'Respects Bipartisan Agreement on Income Replacement Rate, Automatic Adjustment Mechanism Needed'
Government respects bipartisan agreement on national pension income replacement rate, emphasizes need for automatic adjustment mechanism amid ongoing negotiations with opposition party
Democratic Party 'Accepts 43% Income Replacement Rate for National Pension'... Ruling Party 'Welcomes' (Comprehensive 2nd Report)
Democratic Party accepts 43% income replacement rate for National Pension reform, with conditions, as ruling party welcomes the move and agrees to further discussions.
Democratic Party 'Will Accept 43% Income Replacement Rate for National Pension'
Democratic Party of Korea agrees to 43% income replacement rate for National Pension reform, contingent on People Power Party accepting state payment guarantee and expanded benefits
Democratic Party Aims to Pass Parametric Reform Bill in February Assembly, Denies Accepting Automatic Adjustment Mechanism
Democratic Party aims to pass National Pension parametric reform in February, rejects automatic adjustment mechanism amid stakeholder concerns and calls for careful deliberation
Yonhap Infomax News