Home Information on Retirement Pension Introduction to the Retirement Pension Plan

Introduction to the Retirement Pension Plan

Background

Changes in the labor market

The retirement benefits system is not performing its role well as an income source for retirement because retirement benefits are used for living expenses due to a change of job, early payment, early retirement, etc.

Limits of the severance pay system

노후자금 기능상실 - 기업도산 시 수급권 보장 취약 - 기업의 재무관리 어려움

Changes in the social environment

    • Korea's average life expectancy is 83.5 years, with life after retirement becoming longer

  • Average Life Expectancy Source: National Statistical Office

    100세 시대!
    2000 2005 2010 2015 2020
    76세 78.2세 80.2세 82.1세 83.5세
    • By the year 2050, the number of persons aged 65 years or over is expected to increase to 40% of the population, more reasons to prepare your finances for life after retirement

  • Our Aging Society Source: National Statistical Office. Future Population Estimation(2021.12)

    나이 들어가는 우리 사회
    2014 2020 2030 2040 2050
    12% 15.7% 25.5% 34.4% 40.1%