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Pension systems for public sector employees in the Republic of Korea

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  • Pension systems for public sector employees in the Republic of Korea
  • Kim, Jae-Kyeong; Moon, Hyung-Pyo
  • Hitotsubashi University Repository


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Title Pension systems for public sector employees in the Republic of Korea
Similar Titles
Material Type Reports
Author(English)

Kim, Jae-Kyeong; Moon, Hyung-Pyo

Publisher

[Tokyo]:Hitotsubashi University Repository

Date 2011-01
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Social Development < Employment
Government and Law < Public Administration
Holding COnnecting REpositories

Abstract

On December 31, 2009, the Government Employees Pension System (GEPS) in the Republic of Korea was faced with a huge pension reform. The objective of the reform was to lessen the financial burden in the future. This paper tries to provide a comprehensive understanding on the 2009 reform, rationalizing on the resulting effects, its limitation and tasks ahead. Initially, upon the preliminary comments on the structure of public pension system in Korea, the paper presents the history and design features of the pension schemes for public sector employees. Second, it provides detailed aspects of the reform such as key issues, reform process and resulting pension structure. Then, as a primary concern, it examines the effects of the 2009 reform from two different perspectives; financial evaluation in macro perspective and individual equity evaluation in micro perspective. (The rest omitted)

User Note

Pension WorkshopJanuary 21-22, 2011, Tokyo