How to avoid depleting the national pension during this generation

Hello, I'm BitAI.

Today, I would like to post about how to delay the depletion of the national pension as much as possible without burdening future generations as much as possible.

According to Jeong Se-eun, an economics professor at Chungnam National University, who wrote a column for the Hankyoreh, "Pay more and receive more," let's check the facts to see if the criticism of the pension reform plan is correct. According to [Because], as of 2018, 65.5% of old-age pension funding in European Union member countries is based on social insurance premiums and taxes. It is said that the government's general fiscal revenue is 25%, and the rest is made up of other revenue.

In other words, only 65.5% of pension resources are used for social insurance premiums. Perhaps this situation will arise because as the pension is depleted, the format of distributing the social insurance premiums collected that year is maintained.

So, how about doing it like this?

Rather than waiting until the national pension is depleted, the government's financial revenue, rather than 100% of social insurance premiums, should be invested starting now, when the population is large, so as not to be a burden on future generations.

Then, if we design it well, there will be at least no depletion of the national pension during the current generation, and if we continue to reform pensions and achieve the current level of returns in the meantime, our future generations will be able to create a society without elderly poverty at the European level with just the national pension. It will be.

Of course, this will require more fiscal revenue, and in that regard, policies such as corporate tax cuts, tax cuts for the wealthy, and blanket subsidies to all citizens should be minimized.

Rather than putting out fires right away, we need innovative policies that take a long-term approach and resolve conflicts between generations.

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