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A Study on Legal review of Farmland Pension for the IncomeStability of Aging Farmers

  • Public Land Law Review
  • Abbr : KPLLR
  • 2019, 86(), pp.377-396
  • Publisher : Korean Public Land Law Association
  • Research Area : Social Science > Law
  • Received : April 30, 2019
  • Accepted : May 16, 2019
  • Published : May 31, 2019

Kim Hun 1

1중원대학교

Accredited

ABSTRACT

The objective of this research is to summarize the background of Korean farmland pension system that was adopted first in the world and build the plan that this system enables it to be settled down as the substantial old age income security system for agricultural population. First, the background, strong and weak points of farmland pension, the necessity of inheriting farmland and farmland pension, satisfaction in aged life and precedent studies were investigated in theoretical study. Second, national pension, basic pension for the aged, direct payment system and various types of farmland pension were analyzed in the categories of old age income security system for agricultural population. Third, the status of subscribing farmland pension, characteristics of subjects to farmland pension and paradigm conversion of multiple layer supporting system were researched in status of old age income security system for agricultural population. Current payment system of farmland pension is designed as the fixed annuity that pays the annuity partially for the remaining period by setting the age of 100 as the upper limit. For instance, it aimed to raise the subscription rate from 1.8% in year end of 2017 to 2.4%(12,000 persons) this year, that is increasing the old population of 490,000 whose age is higher than 65. As the results of analyzing the existing subscribers, it turned out that the age was 73, the values of subscribed farmland was 184 million Korean Won and pension was paid 980,200 Korean Won in the average. It means that farmland system is helpful for enhancing the old age income security and contributable to secure the agricultural society of the aged as the social safety net.

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