Yoon is likely to announce at the end of this month during the national briefing
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, ‘The pension reform plan is being prepared to extend pension benefits for military personnel and women giving birth. It is expected that the majority of military personnel contributing to the social community and women giving birth are in their 20s and 30s, which is expected to help reduce the pension burden on the younger generation.’,
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Senior workers are working at a cafe in Seoul. /News1,
, ‘This reform plan is expected to be announced at the national briefing by President Yoon Suk-yeol at the end of this month or early next month.’,
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, ‘A senior official in the presidential office said in a phone call on the 16th, that “The government’s pension reform plan is focused on reducing the burden on the younger generation” and that “measures to reduce the pension burden on military personnel and women giving birth will also be included.”‘,
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, ‘First, the government has decided to apply the ‘birth credit’ from the birth of the first child, which was previously recognized from the birth of the second child.’,
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, ‘The birth credit is a system that adds the participation period for women giving birth. After January 1, 2008, if a woman gives birth to a second child, 12 months will be added to the participation period, and from the third child, 18 months per child will be added, up to a maximum of 50 months per child.’,
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, ‘The reform plan has decided to add 12 months to the participation period from the birth of the first child and remove the cap. The method of applying the birth credit only when reaching the age of 65 when receiving the pension will be changed to apply the birth credit immediately.’,
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, ‘The ‘military service credit’ for military personnel will also be expanded. Currently, only up to 6 months during military service is recognized as a period of pension participation, but it has been decided to recognize the entire military service period as a period of pension participation.’,
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, ‘It is known that this reform plan focuses on ‘intergenerational fairness’ and ‘sustainability’.’,
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, ‘By making the younger generation that will receive the pension in the future pay less and the generation that will soon receive the pension pay more, it strengthens intergenerational fairness. If the fund is depleted, a mechanism will be established to automatically adjust the payment and benefits to ensure the sustainability of the pension.’,
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, ‘Although the national pension reform plan has been discussed mainly in the National Assembly so far, there has been disagreement on whether to set the income replacement rate at 44% or 45%. Even if the ruling and opposition parties agree on the income replacement rate, it is limited as it only delays the depletion point of the fund by 7-8 years.’,
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, ‘The government predicts that this reform plan can delay the projected depletion point of the National Pension Fund, which is expected to be in 2055, by more than 30 years.’,
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