A paper by Korean economists argued that the eligibility for the basic pension should be changed to those at or below 50% of the median income of all households. The basic pension is currently paid to ...

Defined benefit pension plans have virtually disappeared amongst employers. While many state and federal government employers do still offer pension plans, it has become too expensive for companies to ...

The government is strongly considering tightening the eligibility criteria for the basic pension, which currently targets the bottom 70% of income earners aged 65 and older, by shifting to a ...

“If your company goes bankrupt, you’re likely to get at least part of your pension,” said Rhett Stubbendeck, CEO of Leverage ...

The share of public finances spent on the basic pension could nearly double by 2048 unless South Korea’s government narrows eligibility and overhauls the program, a study showed Sunday. According to ...