(2014) Issue at Stake: Perspectives on the Saenuri Party's Government Employees Pension Reform Bill
- #국민연금법
In Favor: Political considerations must be set aside; the focus should be on fiscal sustainability.
The gap with the National Pension is too wide, and benefit payments are far too generous relative to contributions made. Even if the ruling party's bill passes, 13 trillion won in tax revenue must be injected annually for 65 years. An automatic adjustment mechanism suited to an aging, low-growth society should be introduced.
Against: Civil servant anxiety is being maximized while fiscal improvement remains inadequate.Civil servants resent being branded an "immoral and self-serving group."
The ruling party's bill shifts the burden of resolution onto current and future civil servants.
It is not feasible to make the Government Employees Pension and the National Pension identical overnight.
https://www.chosun.com/site/data/html_dir/2014/11/25/2014112503988.html
