Yang Hyang-ja Preliminary Candidate "Pension 3 Laws and Other Livelihood Bills Must Be Passed Quickly"

[Asia Economy Honam Reporting Headquarters, Reporter Yoon Jamin] Yang Hyang-ja, the preliminary candidate for the National Assembly election in Seo-gu Eul, Gwangju Metropolitan City from the Democratic Party of Korea, demanded the National Assembly to promptly pass the Pension 3 Acts, a livelihood bill, so that the basic pension can be increased to 300,000 won and paid to more elderly people before the Lunar New Year holiday.

The Pension 3 Acts are amendments to the National Pension Act, Basic Pension Act, and Disability Pension Act.

The amendment to the National Pension Act allows the system that supports part of the national pension insurance premiums for low-income farmers and fishermen who are regional subscribers to the national pension, such as self-employed farmers and fishermen, to be paid again this year.

The amendment to the Basic Pension Act increases the basic pension from 250,000 won to 300,000 won for the bottom 20% income elderly last year, and this year it will increase it for elderly people in the bottom 40% income bracket.

The amendment to the Disability Pension Act raises the disability pension from 250,000 won to 300,000 won for disabled persons at the near-poverty level.

The Pension 3 Acts are scheduled to be discussed at the Judiciary Committee this morning and then submitted to the plenary session.

Preliminary candidate Yang said, “The Pension 3 Acts must be passed quickly so that many elderly people can spend a warmer Lunar New Year holiday,” and added, “Some opposition parties should stop obstructing the plenary session of the National Assembly due to the investigation authority adjustment bill and cooperate to promptly pass at least the livelihood bills.”

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