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2018.08.13 Cartoon

Aug 13,2018
The Ministry of Health and Welfare faces the daunting challenge of fixing the national pension system, which is expected to run out of money in about 40 years unless changes are made. A committee in charge of the reforms proposed to gradually raise the premium rate, which currently deducts 9 percent of monthly paychecks, to 13 percent from 2028 at the earliest and also lift the age at which people stop making payments to 65 from 60.