In order to make sure that the national pension, which is responsible for people's old age, is financially sound, the current law requires that the pension be checked once every five years.

Based on that, we adjust how much we pay and how much we receive. As a result of a recent check, it turned out that the time when the pension is depleted is moved forward by one more year.

Reporter Han Seong-hee covered the story exclusively.


This is data that the National Pension Service predicted the financial situation of the pension for 70 years from this year to 2093.

In March, 5 years after 2018, the 5th release is about to be released, and SBS has obtained the results.

When the current insurance premium rate is 9%, the subscription period, and the income replacement rate, which is the ratio of the amount of pension to the money earned, is maintained at 40%, reserves accumulate the most in 2040, and the deficit begins as more money goes out from the following year.

In 2056, the fund is depleted and the deficit that year reaches 263 trillion won.

Compared to five years ago, both the deficit and the depletion point were pulled back by one year, and the fund depletion point and the size of the deficit more than doubled.

The reason for this is that fewer people pay pensions due to a drop in the birth rate, and more people receive pensions due to longer lifespans, while the rate of economic growth shrinks.

Private advisory members of the Special Committee on Pension Reform of the National Assembly presented two reform directions: 'Pay more and receive more' and 'Pay more and receive the same'.

[Kim Yeon-myeong/Pension Reform Special Committee Private Advisory Committee Co-Chairman: Two proposals were presented in parallel: one that emphasized raising the insurance premium while leaving the salary level unchanged, and the other, raising the income replacement rate and raising the insurance premium rate accordingly.]

Previously, by 2033 In addition to setting the initial pension age at 65, a plan to delay the timing further is also being considered.

An official from the special pension committee said, “There is no choice but to pay more insurance premiums, but there is a consensus that it will not be easy to raise it to more than 13% right away due to public sentiment.”

The Special Committee on Pensions plans to review the pension reform bill by the end of April after collecting public opinion and proceed with the legislative process.

(Video coverage: Yang Ji-hoon, video editing: Park Ji-in, CG: Seo Dong-min)