People under 20 are agonizing over the change, as it means more financial burdens for them from 2061 due to the accumulation of deficit in the pension fund.
After a majority of citizen representatives in the Special Committee on National Pension Reform in the legislature wanted to raise the premium rate from the current 9 percent to 13 percent while lifting the replacement ratio from 40 percent to 50 percent, people under 20 are agonizing over the change, as it means more financial burdens for them from 2061 due to the accumulation of deficit in the pension fund. [PARK YONG-SEOK]
