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A Discussion on National Pension Fund Management with an Alternative View to Government Pension Policy Direction

Won, Chonghyun 1 주은선 2

1국회입법조사처
2대구대학교

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ABSTRACT

The national pension fund administration may do direction that do not coincide with the purpose of public pension fund, in case of the pension fund managed in pursuit of only profitability. As a public fund for old-age income security, the national pension fund has peculiar purpose that is different from those of other kinds of funds. Because the reason for existence of national pension system is to guarantee stable pension benefit for planholder, the target of the national pension fund should be to improve stability of system, which helps support the generational contract. That's why the purpose of the public pension fund is not to raise the profit rate of management. Therefore, It is needed to accept that the national pension system can not be preserved in that property and profits applying now in national pension. It is required the management of pension fund which emphasizes the stability and appropriate profits rather than that of pursuit of high earning rate heightening risky asset weight strongly. Therefore, It is needed to begin discussion about pension fund management policy with an alternative view, which is different from the government pension fund management policy since 2000’s.

Citation status

* References for papers published after 2022 are currently being built.