[Korea goyounghun financial newspaper reporter] yugwangyeol FSC Securities and Futures Commission Standing Committee source said: "Private pension legislation is required in difficult times longer say that the blessings of longevity."
Yugwangyeol jeungseonwi won the "need to create a long life as a blessing rather than risk" individuals in the Act enactment hearings held in Yeouido, Korea Financial Investment Association 24 days he told reporters.
Yu Commissioner period leading up to the super-aged society "Last Korea entered the year an aging society 2000, has 2026 over 65 population is 20% or more seconds will become an aged society," he said "aging society is about 70-year developed on the other hand, a mere 26 years, Korea explained that most rapidly "in the world.
In addition to the elderly poverty rate is four times the level of the OECD average of 11.6% to 48.5%.
He said, "I gotta concentrated in about 70% of Korea's national assets are real estate, there is a limit to the livelihood funding needed for retirement," he said "should establish a pension, superannuation, three-story old age security system of personal pension for them." I had mentioned.
After Korea's pension system is still not mature citizens can not receive retirement pension is the sum of the actual circumstances short of OECD recommended level of 70% to 80% a mere half of the pre-retirement income. The government will increase the rate of return on pension risk and diversify investments in order to distribute.
Meanwhile, the unitary governing system has been continued for a variety of annuity products, each governed by a batdeon banks, insurance, financial investment, eopgwon by law. The private pension law, the enactment was given the financial strength, expertise, etc. to register as a pension provider for financial institutions with certain requirements and obligations faithfully for stable management of pension assets and obligations, such as attention-ray tube.
Also provide a "personal pension account" to citizens efficiently manage a variety of private pension assets, and also introduced "one imhyeong investment annuities.
Yu Commissioner "can then strengthen the protection of pension subscribed to annuities give a constant meditation period, withdraw from the contract without the period Penalty" and "schedule seizure of pension assets to the pension guarantee of retirement part was limited, "he said.
Finally He said, "If the law is enacted citizens pension, pension savings, put a variety of products, including pension insurance in one account rate of return, you will be able to compare and managed such fees," said "freedom pensions of other financial companies it was considered a transfer to the product will be able to continue to raise the rate of return. "
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