What is it about?
The authors examine the 2015 South Korea’s civil service pension reform, reviewing the reasons for the reform, its process, and its fiscal and policy implications. Reforms in other countries are briefly compared. The paper provides important lessons for researchers and practitioners involved in public sector pension reforms.
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Why is it important?
The paper provides important lessons for researchers and practitioners involved in public sector pension reforms.
Perspectives
The Korean government found it very difficult to reach an agreement on the pension reform plan, because contributors would be paying more, receiving less, and receiving later. Nevertheless, following lengthy discussion involving intensive dialogue with social partners, policy actors arrived at a social consensus through a deliberative process.
Professor Pan Suk Kim
Yonsei University
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This page is a summary of: A critical review of the 2015 South Korean civil service pension reform, Public Money & Management, February 2019, Taylor & Francis,
DOI: 10.1080/09540962.2019.1578546.
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