As the ruling and opposition parties leave open the possibility of agreeing on a pension reform income replacement rate of 44%, they are engaged in a last-minute tug-of-war over whether to prioritize ...

Concerns have been raised that if the government implements the automatic adjustment mechanism for the National Pension, the lifetime pension benefits for people in their 20s to 50s could decrease by ...

As the ruling and opposition parties showed their willingness to agree on a pension income replacement rate of 43%, the government noted, "We respect the agreement of the ruling and opposition parties ...

Choi Sang-mok, acting President and Minister of Strategy and Finance, said on the 7th, "The automatic adjustment mechanism is a core element to ensure the sustainability of old-age income security and ...

Download PDF More Formats on IMF eLibrary Order a Print Copy Create Citation Automatic adjustment mechanisms (AAMs)—rules ensuring that certain characteristics of a pension system respond to ...

In an upcoming discussion paper, the European Commission calls on member states to automatically adapt retirement ages to changing demographic and economic trends in order to avoid potentially heated ...