(Pension Future Forum Statement on the 181 Trillion Won Drop in National Pension Reserves) Groups That Led the Agitation All This Time Must State Their Position!

In the aftermath of the KOSPI index’s

sharp fall last July,

the National Pension’s reserves

shrank in a single month

by as much as 181 trillion won.

Depending on market conditions,

the size of the National Pension reserves

will change; that in itself

is not something the Pension Future Forum takes serious issue with.

That is because, for the sake of the pension system’s sustainability,

we have long stressed the need for

structural reform that brings contributions and benefits

into balance.

The problem is that since April of last year,

when a debate on structural reform was urgently needed,

those who have claimed that if the National Pension Fund were only managed well

every problem could

be solved, stirring people up all the while—

the Chairman of the National Pension Service,

KBS TV,

and various other media outlets—

are conspicuously

silent about this steep drop in the National Pension

reserves.

It is this silence,

this reality,

that we are calling into question, nothing more.

Even though in a single month the National Pension reserves

lost roughly 200 trillion won,

those who have all along claimed that managing the National Pension Fund

well

would solve everything,

making a great fuss about it—

all those experts, groups,

and media outlets—

must at the very least

state their position!

This is what the Pension Future Forum

publicly demands.

(Attached is the October 4

editorial from the Financial News.

With reference to it,

we demand that they state their position.)

https://n.news.naver.com/article/014/0005584834?sid=110