Public pensions in Korea face various challenges such as fiscal sustainability or equity between different systems. To address these challenges, a long-term fiscal projections of pension systems is required and a discussion for a productive and socially integrated system improvement should follow.
In order to comprehensively analyze the four public pensions from a long-term perspective, the National Assembly Budget Office conducted a fiscal projections of income, expenditures, fiscal balance, and reserves by pension program, and analyzed various fiscal evaluation indicators and scenarios based on projection results.