Research on National Pension Policy's legal problem and its improvement plan
As the current National pension policy shows problems in the reality, such as national pension fund depletion, reverse discrimination between national pension and basic old age insurance benefits, dead zone of national pension and insufficiency in national pension payment, following improvement plans are required.
Firstly, national pension fund depletion may occur due to income ratio differences in pension maintenance. Also, this is becoming a burden to the next generation, along with low birth rate · aging society issues. Low birth rate and the aging society has become a critical issue for a nation, and responsible, long-term policy implementation is likely is to be expected.
Second, we need to solve the reverse discrimination between national pension and basic old age insurance benefits. National pension is to receive pension payments after a minimum 10 years of insurance payment, while basic old age insurance benefits is to pay 200,000 KRW to those elders older than the age of 65. Therefore, as the national pension requires regular payment of insurance fees, it is necessary for it to provide better payments for the people. There shall not be reverse discrimination between national pension and basic old age insurance benefits. Especially, in regards to basic old age insurance benefits, its payment shall differ in amount, according to income status.
Third, resolve dead zone of national pension. Our country's national pension dead zones are low wage・irregular workers, small businessmen, unemployed people with no income, people thrown out of their pension insurance due to no income, people with no pension payment rights and etc. Therefore, in order to resolve dead zone of pension insurance's non-income population, we need government support policy and system implementation.
Fourth, Expansion of pension payment rights is required. The current national pension policy do relieve elder's poor financial conditions, but its amount of pension payment is way beyond the minimum cost of living, which is a result of dysfunction. Therefore, we definitely need to increase the national pension's payment up to the minimum cost of living. It is likely that public assistance in terms of financially supporting elder's later days, is a better option than the national pension's payment means.