'Pension Special Committee' Kim Mi-ae Proposes Bill to Legally Guarantee National Pension State Payment
[Asia Economy Reporter Lee Ji-eun] A revised bill clarifying the state's payment guarantee responsibility for the National Pension, similar to occupational pensions, has been proposed.
Kim Mi-ae, a member of the National Pension Reform Special Committee and a member of the People Power Party, officially proposed the partial amendment bill of the "National Pension Act" on the 26th, which includes the explicit guarantee of state payment for the National Pension.
The amendment mainly aims to clarify the state's payment guarantee responsibility for the National Pension. While the Government Employees Pension, Military Pension, and Private School Teachers' Pension clearly stipulate in their respective laws that the state or local governments must cover any shortfall in benefits, the National Pension currently lacks such an explicit state payment guarantee.
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Rep. Kim said, "The beginning and end of National Pension reform is public consent," adding, "To gain public consent, we must resolve the public's distrust regarding the stability of the National Pension system, enhance long-term trust in the pension, and consider fairness with other occupational pensions."
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