(Pension Future Forum 9th Seminar) Video of Professor Jeon Young-jun's Presentation

The September 12 Article 「"Money Owed to National Pension Insured Persons Short by 82 Million Won per Person"」

The September 12 issue of <Seoul Economic Daily> reported that Professor Jeon Young-jun of the Department of Economics and Finance participated in a pension reform seminar. According to the National Assembly and other sources on the 12th, Professor Jeon, at a seminar titled 'How Can Pension Reform Succeed?' to be jointly hosted on the 13th by Rep. Ahn Cheol-soo of the People Power Party, Rep. In Jae-geun of the Democratic Party of Korea, and Rep. Cho Jung-hun of the Time for Change Party, presented projection results showing that the National Pension's unfunded liability would reach 1,825 trillion won this year. Professor Jeon analyzed that "the level of the pension's 'implicit liability (unfunded liability)', cited as an indicator for assessing the pension's fiscal soundness, stood at 1,825 trillion won in 2023, reaching 80.1% of gross domestic product (GDP)."

Also, Professor Jeon stressed, "According to the analysis results, the fiscal risk facing the National Pension appears to have reached a considerable level, and if institutional reform for fiscal stabilization is not carried out early, the fiscal risk will intensify," adding, "it is inevitable to place considerable priority on the policy goal of stabilizing the National Pension's finances."

Source: News H (http://www.newshyu.com)

https://www.newshyu.com/news/articleView.html?idxno=1011548