Regarding the government's proposal to reform the national pension system, President Moon Jae-in pointed out, reaching a social consensus to change the program is indispensable.

"The National Pension belongs to the people. So, the most important element in reforming the pension system is reaching a social consensus."

The remark was made during a weekly meeting with top aides, amid rising speculation among the public... the funds could be depleted by 2057,... a claim made by an advisory panel of the public pension a couple of weeks ago.
While raising premiums is inevitable, the South Korean leader called for efforts to ease public anxiety.
Stressing the system is managed by the country itself he provided reassurance, that "as long as the nation exists, there can never be a case where one cannot collect his or her payments after paying the insurance premiums."
Moon also highlighted, one of the most important objectives of revising the system... is to strengthen the income of senior citizens, especially those above the age of 65.