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South Korea proposes raising national pension contribution rate from 9% to 13% for an aging population.
South Korea's government has proposed raising the national pension contribution rate from 9% to 13% to address the fund's depletion due to an aging population.
Increases will vary by age group, with the plan requiring parliamentary approval.
The reform aims to sustain the pension system, maintain a 42% income replacement rate, enhance investment returns, and introduce an automatic adjustment system for benefits.
If approved, this will be the first contribution rate increase in 27 years.
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Corea del Sur propone aumentar la tasa nacional de cotización a las pensiones del 9% al 13% para una población envejecida.