Park Jumin "The Later Pension Reform Delays, the Future Generation Bears 85.6 Billion Won Daily... Government Proposal Must Be Presented Before September"

"If the government does not submit the structural reform plan, it will prove that the previous pension reform claims were just a show"

Park Ju-min, Chairman of the National Assembly Health and Welfare Committee (affiliated with the Democratic Party of Korea), urged on the 29th to submit a 'structural reform plan' related to pension reform by the regular session of the National Assembly in September. He warned that if the pension reform plan is not submitted before the regular session, "all actions and words so far will be evidence that it was just a show."

At a press conference at the National Assembly on the same day, Chairman Park asked, "Does President Yoon Seok-yeol have the will for pension reform?" and pointed out, "Unfortunately, the attitude shown so far does not seem to have any will at all. Rather, it even seems like he is trying to delay and obstruct the reform."

He mentioned the fact that the Democratic Party had proposed to accept a 44% income replacement rate at the end of the 11th National Assembly, saying, "They kicked away a golden opportunity that came after 18 years." Chairman Park criticized, "The Yoon Seok-yeol administration has stopped pension reform like this and has done nothing so far. At this level, it looks more like a closure than a temporary suspension."

Park Jumin, Chairman of the National Assembly Health and Welfare Committee, is speaking at a patient group meeting related to the medical strike held at the National Assembly on the 18th. Photo by Kim Hyunmin kimhyun81@

Chairman Park stated, "According to the calculations by the Ministry of Health and Welfare under the Yoon Seok-yeol government, the longer pension reform is delayed, the additional burden on future generations will increase by 85.6 billion won per day and 30 trillion won annually," and condemned, "Given this diagnosis, we cannot help but criticize the irresponsibility and laziness of the Yoon Seok-yeol government for doing nothing so far."

Chairman Park asserted, "The legal responsibility to operate the National Pension Service stably lies with the government from the beginning," and said, "The person who stopped the current reform discussions is none other than President Yoon Seok-yeol. It is only natural that the government brings a plan to restart the process."

He added, "If the government brings a plan, we will immediately organize a discussion body in a format that fits it perfectly." This means that it can be decided whether to form a special committee at the National Assembly level or to discuss it within a subcommittee of the Health and Welfare Committee.

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