It was revealed that Koreans in their 20s and 30s most often cited ‘to increase the chances of receiving a future pension’ as the reason why national pension reform is necessary.
On the other hand, people in their 50s were surveyed as saying that the number one reason for reform was ‘because the national pension finances may become unstable in the future.’
According to a survey conducted by the Korea Statistics Institute on the 18th as a service to the National Pension Service, 38.3% and 37.8% of people in their 20s and 30s, respectively, responded that the reason for national pension reform was ‘to increase confidence in receiving a pension in the future.’
Four out of ten members of the so-called MZ generation responded that the reason for national pension reform was to increase the probability of receiving it in the future.
On the other hand, the response rates for those in their 40s and 50s dropped to 36.9% and 28.2%, respectively.
Instead, the response that “it is because the national pension finances may become unstable in the future” ranked first with 38.7% of those in their 40s and 40.6% of those in their 50s.
The response that the national pension finances could become unstable was the lowest among those in their 20s, at 28.2%. Among those in their 30s, it ranked second, at 32.3%.
The focus of pension reform for the MZ generation is interpreted as increasing the possibility of receiving their own pension.
It has been reported that the government pension reform plan that President Yoon Seok-yeol will announce at the end of this month or early next month will include a plan to differentially apply insurance premium increases between generations, making the younger generation, who still have a long way to go before they receive their pension, pay less in insurance premiums, while middle-aged and older people, who will soon receive their pension, will pay more.
This is a method that is hard to find anywhere in the world. For example, when raising the insurance premium rate by 5%, the middle-aged and elderly will be raised by 1% point (p) over 5 years, and the young will be raised by 0.5% point over 10 years.
This survey is the result of an online panel survey conducted in July and August of last year targeting 2,025 national pension subscribers and recipients aged 20 to 59 nationwide.
(Seoul = News 1)
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2024-08-19 10:47:40