Government Will Not Collect National Pension By Force

The government has decided not to force non-income earners, credit debtors, and beneficiaries of living allowances to fund the national pension.

Kim Hwa-joong, Minister of Wealth and Health, and Jang Suk-joon, president of the National Pension Corporation said on June 3, “We will not take any actions such as seizure and forcing of deferred payments against assurance defaulters starting June 4.”

Minister Kim said, “We will class small income earners with ‘those who are exempted from payments’ in order to ease their insurance burden and cancel the enforcement of the provisional seizure of their property for those who have difficulties in living.” Means of living, such as private taxis, are exempted from the subject of seizure as well.

The National Pension Corporation decided to recognize those who have a certificate of business registration and property, but do not have business incomes and have difficulties with basic life due to disasters and accidents, and to lessen the premium if their incomes decrease due to changes of business categories or suspension of business.

Minister Kim said “We will establish a ‘council for improving the national pension system’ consisting of 30 civic committee members including representatives of the academic world and civic groups.”

Seong-Yub Ra cpu@donga.com