(YTN Saengsaeng Economy Report on the Government Employees Pension, January 13, 2014)

(Through the radio broadcast below,

it is necessary to

compare the status of the

Government Employees Pension in 2014 with

the reality of the Government Employees Pension now, more than 12 years later.

At the time of the 2014 broadcast, the number of civil servants was about 1 million.

Since there are currently about 1.28 million

civil servants, the number of civil servants

has increased by nearly 300,000,

or approximately 30%.

In the financial projection for the Government Employees Pension at that time,

the financial outlook

was projected by assuming the number of Government Employees Pension

contributors to be around 1.1 million in the long term.

However,

compared to that assumption,

since approximately 200,000 more civil

servants are paying contributions,

that is, due to the contribution

income from about 200,000 more people

than originally projected,

the scale of the deficit subsidy for the Government Employees Pension

appears to be decreasing,

but the deficit subsidy

at the point when these

individuals fully transition to

beneficiaries could increase to a level

beyond imagination.

It is necessary to intensively

examine this point.

(The live broadcast file from that time is attached below.)