(Committee Member Yun Suk-myung. Presentation Material for the First Meeting of the Advisory Committee to the 22nd National Assembly Special Committee on Pension Reform) Why the Amendment to the National Pension Act Is a Deterioration (Posted September 14, 2026)

(Even recently,

claims that the March 20,

2025 amendment to the National Pension Act

significantly reduced the

burden on young people and future

generations have been reported

through some media outlets.

I am once again uploading decisive

rebuttal materials to

the "Pension Future Forum Statement"

category.)

From the first meeting of the Advisory Committee to the 22nd National Assembly Special Committee on Pension Reform,

excerpts from the presentation materials

of Advisory Committee Member Yun Suk-myung

and related content are attached.

Before the March 20, 2025,

amendment to the National Pension Act,

the pay-as-you-go (PAYG)

cost rate after fund depletion

was 36.6%.

After the amendment to the National Pension Act,

it rose

further to 39.4%.

The two major labor confederations, including the Korean Confederation of Trade Unions (KCTU),

and the Democratic Party are aiming

to legislate a five-year extension of the retirement age

in the second half of this year. If that happens,

the PAYG cost rate will rise

further to 41.2%.

If such a measure is taken,

the cumulative deficit,

which stood at 21,699 trillion won

before the 2025 amendment to the National Pension Act,

will not

shrink; instead, it

will increase by another 179 trillion won.

This is why, at the first meeting of the advisory committee,

the March 20, 2025,

amendment to the

National Pension Act was defined as a deterioration.

The full version containing

detailed information is also attached

as a file.