The Democratic Party's Pension Reform Special Committee stated on October 12 that "protection for basic pension recipients and fairness for new enrollees must be considered during the reform process."
Nam In-soon, chair of the Pension Reform Special Committee, made these remarks during a full committee meeting held at the National Assembly. She noted, "Recently, President Lee Jae-myung mentioned a method of ensuring that existing recipients do not see a reduction in their benefits while implementing a system that favors new entrants."
She added, "The basic pension is a crucial system that supplements the retirement income of elderly individuals who have short National Pension contribution periods or low incomes, making it essential to establish adequate safeguards to prevent sudden reductions or exclusions for existing recipients during the reform process."
Nam emphasized, "There should not be significant disparities in benefits or eligibility based solely on a few months' difference in birth dates among elderly individuals with the same income level."
Additionally, she stated, "The impact of the basic pension on living allowances and its relationship with the National Pension must also be examined. Systems like the basic pension, which have direct and widespread effects on people's lives, should be pursued after thorough discussion and social consensus."
As chair, she promised to continue discussions among committee members to develop a reliable retirement income guarantee that encompasses various generations and classes.
* This article has been translated by AI.
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