[Direct Opinion] "The First Step Must Be an Unvarnished Fact Report on How Grave the Pension Situation Is"

"The First Step Must Be an Unvarnished Fact Report on How Grave the Pension Situation Is"

◆ Yun Seok-myeong, Honorary Research Fellow, Korea Institute for Health and Social Affairs Including the Government Employees Pension and the Private School Teachers' Pension … even bringing the gravity of the situation into public discourse would be a success Unfunded pension liability promised to National Pension contributors amounts to 80% of GDP Japan has accumulated 100 years' worth of pension reserves, Canada 150 years' worth, Korea only 32 years' worth If reform fails, a 50% pension cut will bring hardship worse than Greece (October 25, 2023)

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