The Democratic Party has hinted at the possibility of unilaterally processing the pension reform plan, while the People Power Party has stated they cannot discuss the supplementary budget (supplementary budget) without bipartisan agreement.
Kim Sang-hoon, the policy committee chairman of the People Power Party, met with reporters at the National Assembly today (24th) and stated, “We will discuss the supplementary budget after the pension reform plan is consensually processed.”
Chairman Kim mentioned, “The government shares the same stance,” and emphasized cautious judgment when dealing with the unilateral processing of the opposition’s pension reform plan or a plan that exceeds the expectations of the government and ruling party.
Explaining the introduction of an ‘automatic adjustment mechanism’ that links the increase rate of pensions to the number of subscribers and life expectancy, he stressed, “Since Lee Jae-myung, the leader of the Democratic Party, has expressed acceptance regarding the automatic adjustment mechanism, we can derive a flexible conclusion with the government.”
Regarding the ongoing discussion about adding ‘parliamentary approval’ as a requirement for triggering the automatic adjustment mechanism, he stated, “If the parliamentary approval procedure is included, it might seem like a manual adjustment mechanism, but considering the Democratic Party’s negative stance on the automatic adjustment mechanism, it could be discussed flexibly along with the replacement rate.”
Chairman Kim mentioned, “The current replacement rate is being discussed around 43-44%, and the government is not insisting on its proposal (42%),” expressing it would be good to convene a working-level meeting soon to derive an agreement.
This morning, both the government and both parties held a working-level meeting on pension reform, attended by the policy committee chairs of both parties, the chairman of the Health and Welfare Committee, the secretaries of both parties, and Cho Kyu-hong, the Minister of Health and Welfare.
Meanwhile, regarding the semiconductor special law which has not reached a consensus due to differing opinions on the introduction of ’52-hour workweek exception clauses,’ Chairman Kim suggested that “if ‘special extended work’ can be applied to semiconductors and operated under more relaxed conditions than currently, a compromise rather than the original bill could be sufficiently negotiated.”
[Photo Source: Yonhap News]
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