It is a sharp difference between the government and the labour and civil organization in the perspective about the 10% point benefit reduction which is referred to the substance of amendments to the Nation Pension Act in 2003. The purpose of this pape...
It is a sharp difference between the government and the labour and civil organization in the perspective about the 10% point benefit reduction which is referred to the substance of amendments to the Nation Pension Act in 2003. The purpose of this paper is to suggest the reference criteria or standards of judgement that can be helpful to decide which of the two is more reasonable and more objective. In the context, this study analyzes the adequacy of aged income, the difference in the combination of its sources and the adequate income replacement rate among income classes, and the role of public pension in the economic security for the aged.