Establishment of Private Advisory Committee for National Assembly Pension Reform Special Committee... Kim Yongha and Kim Yeonmyeong Appointed Co-Chairmen

Multiple Pension Reform Proposals to Be Submitted by January Next Year

[Image source=Yonhap News]

[Asia Economy Reporter Naju-seok] The National Assembly's Special Committee on Pension Reform established a private advisory committee on the 16th. The private advisory special committee appointed Professor Kim Yong-ha of Soonchunhyang University’s IT Finance Economics Department and Professor Kim Yeon-myeong of Chung-Ang University’s Social Welfare Department as co-chairpersons.

On the same day, the special committee held a plenary meeting and resolved to form the private advisory committee. The private advisory committee will consist of 16 members, including experts on public pension financial stability, experts on strengthening public pension income security, experts on public pension structural reform, and those related to public pensions in general.

The members appointed include Kwon Moon-il, President of the National Pension Research Institute; Kim Heon-su, Research Fellow at the Government Employees Pension Service; Jeong Hae-sik, Head of the Pension Research Center at the Korea Institute for Health and Social Affairs; Kim Su-wan, Professor of Social Welfare at Kangnam University; Nam Chan-seop, Professor of Social Welfare at Dong-A University; Yoon Hong-sik, Professor of Social Welfare at Inha University; Joo Eun-seon, Professor of Social Welfare at Kyonggi University; Yoon Seok-myeong, Research Fellow at the Korea Institute for Health and Social Affairs; Nam Jae-woo, Research Fellow at the Korea Capital Market Institute; Kang Sung-ho, Research Fellow at the Korea Insurance Research Institute; Oh Geon-ho, Chairperson of the Welfare State We Make; Yang Jae-jin, Professor of Public Administration at Yonsei University; Kim Young-soon, Professor of Basic Education at Seoul National University of Science and Technology; and Jeong Chang-ryul, Professor of Social Welfare at Dankook University.

Professor Kim Yeon-myeong said, "I believe there is a broad social consensus that pension reform is necessary in our society. As you know, positions are largely divided between reforms emphasizing financial stabilization and those emphasizing retirement income security. Personally, I think the key task is how to reach an agreement."

Professor Kim Yong-ha said, "We will uphold the intentions of the Pension Reform Special Committee and do our best to create a reform plan that can be agreed upon by both ruling and opposition parties and accepted not only by current citizens but also by future generations."

The private advisory committee plans to submit the direction of pension reform by the end of this year and prepare and submit multiple pension reform proposals by the end of January next year.

This content was produced with the assistance of AI translation services.