Why Was the Special Committee on Pension Reform Established in the 22nd National Assembly?
- #연금특위
The amendment to the National Pension Act passed on March 20, 2025, represents an unprecedented deterioration in substance — a change for the worse that imposes an even greater burden on younger cohorts.
The Special Committee on Pension Reform of the 22nd National Assembly, established to address the resulting discontent among younger cohorts, appears to have lost its way. This is because the Committee has been unable to focus on the structural reform discussions — including the introduction of an automatic adjustment mechanism — that constituted its original mandate.
Will raising the income replacement rate of the National Pension actually reduce the elderly poverty rate? The presentation materials for the third meeting of the advisory committee of the 22nd National Assembly Special Committee on Pension Reform, submitted by Dr. Lee Seung-hee of the Korea Development Institute (KDI) and posted in the Expert Columns and Resources sections of the Pension Future Forum website, already provide a clear answer as to whose argument is more compelling.
