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[Editorial] Pension reform

As South Korea rapidly ages, the national pension fund is expected to be drained by 2055 if no changes are made to its structure. The special parliamentary committee for pension reform is currently reviewing two reform plans. Plan A is about paying more in premiums and receiving a greater pension. It calls for raising the premium rate from the current 9 percent to 13 percent, and the income replacement ratio from 40 . ....

South Korea , Yoon Suk Yeol , National Assembly , National Pension , National Pension Service , Government Employees Pension , Military Pensions , National Pension Act , The Korea Herald , Orean News , Outh Korea News , Outh Korea News In English , Sia News , K Pop , 코리아 헤럴드 ,

[Editorial] Pension reform

As South Korea rapidly ages, the national pension fund is expected to be drained by 2055 if no changes are made to its structure. The special parliamentary committee for pension reform is currently reviewing two reform plans. Plan A is about paying more in premiums and receiving a greater pension. It calls for raising the premium rate from the current 9 percent to 13 percent, and the income replacement ratio from 40 . ....

South Korea , Yoon Suk Yeol , National Pension , National Pension Service , National Assembly , Government Employees Pension , Military Pensions , National Pension Act ,

Voluntary subscribers for state pension service declining

The number of South Koreans who voluntarily subscribe to the National Pension Service continued on a downward trajectory last year, according to the NPS on Thursday. As of November of 2023, 858,829 of those subscribed to the state-run pension plans were categorized as voluntary subscribers. The National Pension Act mandates that anyone living in South Korea with a fixed income including foreign nationals betwee. ....

South Korea , South Koreans , Choi Hye Young , Democratic Party , Korea Employment Information Service , National Pension Service , National Pension , National Pension Act ,

PAC commends SSNIT for GHS1.14bn surplus recorded in 2020

PAC commends SSNIT for GHS1.14bn surplus recorded in 2020
theheraldghana.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theheraldghana.com Daily Mail and Mail on Sunday newspapers.

Amidu Chinnia Issahaku , Ignatius Baffour Awuah , John Ofori Tenkorang , Member Of Parliament , Fund Managers , National Pension , Public Accounts Committee , Parliamentary Accounts Committee , National Insurance Trust , Social Security , Sissala East , Parliament Monday , Accountant General , Labour Relations , National Pension Act ,

Employment Minister set to meet stakeholders on 4% Tier 2 refund to SSNIT –

Employment Minister set to meet stakeholders on 4% Tier 2 refund to SSNIT –
ghanamma.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ghanamma.com Daily Mail and Mail on Sunday newspapers.

John Ofori Tenkorang , Klutse Avedzi , Kofi Bosompem Osafo Maafo , Klutse Adedzi , James Klutse Avedzi , Ignatius Baffour Awuah , Fund Managers , National Insurance Trust , Public Accounts Committee , National Pension , National Pensions Amendment , Labour Relations , Social Security , National Pension Act , National Pensions Amendment Act , Public Financial Management Regulations , Companies Act , Public Boards , Deputy Director General , Treasury Sub Asset Portfolio ,