라벨이 Basic Pension인 게시물 표시

The Struggles of Low-Income Seniors: The 'Give and Take' of Basic Pensions

이미지
Recent revelations highlight a critical issue affecting over 670,000 seniors in South Korea, who, while eligible for basic pensions,  Recent revelations highlight a critical issue affecting over 670,000 seniors in South Korea, who, while eligible for basic pensions, find themselves unable to benefit from these funds due to reductions in their living allowances. This blog explores the complexities of the current pension system and the urgent need for reform. According to data obtained from the Ministry of Health and Welfare by Rep. Kim Seon-min (Justice Innovation Party), more than 670,000 elderly individuals are receiving basic pensions as part of the national basic livelihood protection program. However, an alarming 99.9% of these pension recipients—67,4639 seniors—have had their living allowances reduced as a direct consequence of receiving these pensions. The average monthly reduction in these living allowances is approximately 324,993 won, nearly equivalent to 97.1% of the maxi...

Pension Contribution Discrepancies: 600,000 Seniors See Cuts in Basic Pension Despite Contributing Faithfully

이미지
A report reveals that nearly 600,000 seniors in South Korea have experienced reductions in their basic pension due to receiving National Pension benefits.  A report reveals that nearly 600,000 seniors in South Korea have experienced reductions in their basic pension due to receiving National Pension benefits. This report highlights the impact of pension regulations and raises questions about fairness in pension policies. In South Korea, approximately 600,000 seniors aged 65 and older from the lower 70% income bracket had their basic pensions reduced last year due to receiving National Pension benefits. On the 11th, Kim Seon-min, a member of the National Assembly's Health and Welfare Committee from the Justice Party, released data from the Ministry of Health and Welfare on "the status of recipients receiving both basic and National Pension benefits." This report shows that with the rapid aging of the population and the increase in the number of seniors in the lower 70% inc...