Lee Jae-myeong “Accepting 44% pension plan… “Processed by this Nationwide Meeting” Workplace of the President “Determined within the subsequent Nationwide Meeting by reflecting youth opinions”

2024-05-27 05:24:04

Lee: “Beginning with administration reform”, “Along with structural reform”
‘Pension battle’ two days earlier than expiration of the twenty first Nationwide Meeting

Lee Jae-myeong, chief of the Democratic Get together of Korea, stated, “We are going to settle for the ruling celebration’s ‘44% earnings substitute price’ plan,” and continued to press for the twenty first Nationwide Meeting to course of the parameter reform invoice that adjusts the insurance coverage premium price (cash paid) and earnings substitute price (cash obtained). However, the Individuals Energy Get together countered by saying, “It’s troublesome to ensure monetary stability with an earnings substitute price of 44% with out structural reform,” and counter-proposed that each parameter reform and structural reform be handled as prime priorities on the common session of the Nationwide Meeting in September after the opening of the twenty second Nationwide Meeting. The President’s Workplace additionally dismissed the speculation of dealing with the twenty first Nationwide Meeting, saying, “Quite than making selections as a result of the ruling and opposition events are pressed for time, selections ought to be made by absolutely reflecting the opinions of all the public, particularly the younger era.” With the expiration of the time period of the twenty first Nationwide Meeting (the twenty ninth) approaching in two days, the battle between the ruling and opposition events over accountability for the failure is predicted to accentuate.

Individuals Energy Get together ground chief Choo Kyung-ho (second from the left) is talking at a press convention associated to the nationwide pension held on the Nationwide Meeting in Yeouido, Seoul on the twenty sixth. On this present day, ground chief Choo stated, “Quite than clumsy reforms pushed by political strife and time constraints, we’ll pursue them as a prime precedence in the course of the first common session of the twenty second Nationwide Meeting.” Newsis

Individuals Energy Get together ground chief Choo Kyung-ho stated at an emergency press convention on the twenty sixth, “We are going to pursue it as a prime precedence within the first common session of the twenty second Nationwide Meeting moderately than clumsy reforms which are pushed by political strife and time.” He added, “We are going to type a consultative physique between the ruling and opposition events and a particular committee on pension reform within the twenty second Nationwide Meeting.” “Let’s take care of it with public sympathy,” he stated. When Consultant Lee introduced his intention to just accept the Individuals Energy Get together’s plan of 44% earnings substitute price the day earlier than, he rejected it, saying, “44% is a determine that assumes structural reform can also be carried out.” Structural reform refers to designing a brand new retirement earnings safety construction in reference to different public pensions equivalent to fundamental, retirement, and occupational pensions. A high-ranking official from the Presidential Workplace additionally met with reporters that day and stated, “Presently, there are solely three days left within the twenty first Nationwide Meeting, and there’s completely not sufficient time to achieve a grand compromise.”

Consultant Lee held an emergency press convention on the twenty fifth and stated, “It’s one thing that have to be performed, however there isn’t any time, so the Democratic Get together will inevitably give in.” “It’s only a matter of reality, however we will’t nullify the settlement due to this,” he stated. On the similar time, he stated, “If the federal government and ruling celebration keep away from this by citing one more reason, it signifies that there was no will to reform pensions within the first place.”

Nationwide Meeting Speaker Kim Jin-pyo, a member of the Democratic Get together, stated on the twenty sixth, “If potential, it might be good to move the pension reform invoice on the plenary session on the twenty eighth. “It may be performed on the twenty seventh or twenty ninth,” he stated, referring to the ‘one-point plenary session’ to course of the nationwide pension.

野 “From numerical reform within the twenty first Nationwide Meeting” 與 “From structural reform within the twenty second Nationwide Meeting”

Lee stated, “I’ll settle for the 44% plan,” and repeated strain.
Kim Jin-pyo “Might be processed on the twenty seventh and twenty ninth”
“Monetary stability is broken with out structural reform”
President’s Workplace: “It’s not a matter to be determined attributable to lack of time.”

“Let’s begin with parameter reform by agreeing on the nationwide pension insurance coverage premium price (cash paid) and earnings substitute price (cash obtained).” (Lee Jae-myeong, chief of the Democratic Get together of Korea)

“Parameters reform can’t be performed individually from structural reform.” (Individuals Energy Get together ground chief Choo Kyung-ho)

Concerning the nationwide pension reform on the finish of the time period of the twenty first Nationwide Meeting, the ruling and opposition events are conflicting over the difficulty of parallel structural reform that may create a brand new retirement earnings safety framework in reference to different public pensions equivalent to fundamental, retirement, and occupational pensions. Consultant Lee stated, “I’ll settle for the ruling celebration’s ‘44% earnings substitute price’ plan,” and put strain on the twenty first Nationwide Meeting to start with parameter reform to regulate the quantity paid and obtained from the nationwide pension throughout the remaining time period. However, the Individuals Energy Get together stated, “Parameters equivalent to insurance coverage premium charges and earnings substitute charges are sure to be affected by structural reform once more,” and shaped a consultative physique of the ruling and opposition events after the opening of the twenty second Nationwide Meeting and proposed parameter reform and structural reform as a package deal on the common Nationwide Meeting in September. I countered that it needed to be handled. The President’s Workplace additionally reveals that it’s going to not be pressured by the opposition celebration, saying, “There are (totally different) opinions on the (earnings substitute price) determine between the ruling and opposition events, so it’s acceptable to pursue it within the twenty second Nationwide Meeting.”

● No: “Beginning with numerical reform within the twenty first Nationwide Meeting”

At an emergency press convention relating to pension reform on the twenty fifth, Consultant Lee repeatedly emphasised that ‘accepting the 44% earnings substitute price’ was “a giant choice for the higher good.” Consultant Lee stated, “It’s one thing that have to be performed, however there isn’t any time. “There are lots of variations of opinion (about accepting the 44% plan) inside our celebration and civil society, however we’ll take full accountability for it,” he emphasised.

A number one member of the Democratic Get together stated, “It is a technique to spotlight ‘individuals’s livelihood management’ that not solely carries out political offensives such because the Corporal Chae and Particular Prosecutor Kim Kun-hee legal guidelines, but in addition takes the lead on individuals’s livelihood points.” He added, “Not too long ago, the Korea Democratic Institute for Democracy and different organizations have centered on ‘individuals’s livelihood points that the president can’t simply train his veto on.’ “We have now been discovering ‘points,’” he defined. A Democratic Get together management official stated, “The ‘44% plan’ will be accepted by some even throughout the ruling celebration, so we will anticipate a rift throughout the ruling celebration.”

Consultant Lee refuted the federal government and ruling celebration’s declare that “if solely parameter reform is completed, it should grow to be troublesome to debate structural reform,” saying, “We are able to take care of crucial insurance coverage premium charges and earnings substitute charges in pension reform first and resolve the remainder as a facet challenge.” The concept is to hold out the primary parameter reform within the twenty first Nationwide Meeting and talk about structural reform measures within the second session within the twenty second Nationwide Meeting. Rep. Kim Seong-ju, secretary of the Democratic Get together of the Nationwide Meeting’s Particular Committee on Pension Reform, additionally argued on the twenty sixth, “As every year passes, the burden of elevated insurance coverage premiums will fall extra closely on the individuals.”

At a press convention on the twenty sixth, Nationwide Meeting Speaker Kim Jin-pyo stated, “Pension reform is rather more vital than the Particular Prosecutor Chae Act. “It have to be dealt with within the twenty first Nationwide Meeting,” he stated, including, “If there are political issues (as a result of dealing with of the Corporal Chae Particular Prosecutor Act), it may be performed on the twenty seventh or twenty ninth,” and talked about the potential for a ‘one-point plenary session.’

● 與 “From the twenty second era to a water provide and structural reform package deal”

The Individuals Energy Get together responded by saying, “We are going to push for pension reform as a prime precedence” on the first common session of the twenty second Nationwide Meeting, which will likely be held for 100 days from September 1 to December 9. Ground Chief Choo stated, “I suggest to the Democratic Get together to type a consultative physique between the ruling and opposition events and a particular committee on pension reform within the twenty second Nationwide Meeting and deal with it throughout the common Nationwide Meeting whereas gaining public sympathy, together with younger individuals and future generations.”

Concerning the ‘44% acceptance plan’ introduced by the Democratic Get together, the ruling celebration additionally stated, “It ought to be set at 43%. “44% was the determine introduced to the opposition celebration when continuing with structural reform.” Consultant Choo stated, “It’s not merely a matter of 1 share level figures. He refused, saying, “The (structural reform) points linked to that (determine) have been mentioned (between the ruling and opposition events) to this point, however there was no progress.” Bae Jun-young, senior vice ground chief, stated, “The ruling celebration initially introduced 43%, and the opposition celebration proposed 45%. “With a distinction of 1 to 2 %, the cumulative fiscal deficit (as of 2093) varies by about 800 trillion to 1,500 trillion received,” he stated. A ruling celebration official stated, “If we set it at 44% with out structural reform, monetary stability may very well be broken.”

A high-ranking official within the President’s Workplace stated in a cellphone name, “There was not sufficient time to completely clarify to the general public what the numbers within the pension reform plan imply.” “This will likely be obscure,” he stated. One other Presidential Workplace official stated, “Aren’t the ruling and opposition events deliberately dragging the President’s Workplace into a problem that requires gathering public opinion and reaching a grand social compromise by means of deliberation?”

Reporter Ahn Gyu-young [e-mail]
Reporter Jo Kwon-hyung [e-mail]
Reporter Lee Sang-heon [e-mail]

2024-05-27 05:24:04