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OECD Reviews of Pension Systems: Korea

image of OECD Reviews of Pension Systems: Korea

This review provides policy recommendations on how to improve the Korean pension system, building on the OECD’s best practices in pension design. It details the key features of the Korean pension system and identifies its strengths and weaknesses based on cross-country comparisons. The Korean pension system consists of a mandatory pay-as-you-go public scheme, occupational schemes and voluntary individual schemes. The review also covers the first layer of old-age social protection in Korea. This review is the eighth in the series of OECD Reviews of Pension Systems.

English

Gross replacement rates by pension scheme and earnings for full-career workers

Future replacement rates for labour market entry at age 20 after long term accrual rates are reached

English

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