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Starting from 2026, national pension premiums and income replacement rates have increased. Although the expiration date of the national pension fund has been delayed to 2064, the youth generation’s anxiety remains, and the elderly poverty rate, which is the worst in OECD countries, shows no signs of being resolved. The National Assembly extended the deadline for the special committee on pension reform to the end of 2026, and President Lee Jae-myung also selected pension reform as a major national policy task for this year. Now is the time for reform. Let’s look at the current state of pension reform and seek alternatives.
