[Editorial] A bitter pill
The government's national pension reform plan unveiled Wednesday is focused more on the financial stability of the pension fund than on retirees' welfare. The point of the plan is increasing pension contribution and income replacement rates simultaneously. Employees contribute part of their wages to the national pension fund, with their employers bearing the cost of half of their contributions. Upon retirement, retired workers then receive a certain percentage of their preretirement in
Sept. 6, 2024