Presidential Office: "Relieved to Have Taken the First Step in Pension Reform... Need to Agree on Structural Reform Tasks"

"Prompt Discussion Needed on Fiscal Stabilization Measures and More"

Speaker Woo Won-shik, People Power Party Floor Leader Kwon Seong-dong (left), and Democratic Party Floor Leader Park Chan-dae (right) are announcing the agreement on the National Pension reform bill at the Speaker's office in the National Assembly on March 20, 2025. Photo by Kim Hyun-min

The Presidential Office welcomed the passage of the National Pension Act amendment by the National Assembly on the 20th, stating, "Although it was late, we are relieved that the National Assembly has taken the first step toward pension reform."

In a press release on the same day, the Presidential Office emphasized, "In the context of entering a super-aged society, pension reform must be completed through structural reforms encompassing three aspects: sustainability, intergenerational equity, and old-age income security."

It added, "We hope that the newly formed Special Committee on Pension Reform will promptly discuss and reach an agreement on the remaining structural reform tasks, such as fiscal stabilization measures, as promised to the public by both ruling and opposition parties."

The Presidential Office also stated, "As the government has repeatedly announced, we will actively participate and support efforts to complete pension reform that the younger future generations can trust."

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