The Democratic Get together of Korea has reportedly offered particular measures to pursue retirement age extension together with post-retirement re-employment by a phased method over 8-12 years.
In response to the Nationwide Meeting on Dec. 3, three measures combining phased authorized retirement age extension with re-employment have been offered on the Democratic Get together’s Retirement Age Extension Particular Committee subcommittee assembly held the day prior to this.
The primary proposal advised beginning retirement age extension in 2028 and increasing it by one 12 months each two years till 2036. The second proposal includes beginning in 2029 and increasing over 10 years till 2039, with extensions of 1 12 months each three years for ages 61-62, and one 12 months each two years for ages 63-64.
The third proposal includes beginning in 2029 and increasing by one 12 months each three years over 12 years till 2041. The Democratic Get together additionally offered a plan to re-employ for 1-2 years after retirement those that attain retirement age earlier than turning 65 because the retirement age extension progresses in phases.
Beforehand, the federal government introduced in its state affairs duties that it could pursue laws containing measures to steadily increase the present authorized retirement age of 60 years. As labor unions argue for speedy authorized retirement age extension whereas administration insists on re-employment solely, creating parallel discussions, this compromise proposal has emerged from the retirement age extension particular committee.
This proposal is a draft and instance plan that could be topic to future adjustments. The Democratic Get together has persistently talked about that it could put together a plan combining authorized retirement age extension with re-employment. Rep. Jeong Cheong-rae lately acknowledged at a gathering with the Federation of Korean Commerce Unions (FKTU), “The get together’s retirement age extension particular committee is making ready legislative and help measures that mix retirement age extension with post-retirement re-employment.”
The Democratic Get together launched the Youth Process Pressure below the Retirement Age Extension Particular Committee on the Nationwide Meeting on Dec. 3 and held its first assembly. Mo Kyung-jong, chairman of the Youth Process Pressure, acknowledged, “I consider the core of this retirement age extension design is how one can design a future the place we develop collectively, reasonably than a construction that sacrifices another person’s alternatives to guard somebody’s place,” including, “We are going to precisely establish the categories and guarantee they are often supplemented by institutional measures.”
The launch ceremony was attended by Chairman Mo, Kim Ju-young, secretary of the retirement particular committee, Bong Geon-woo, chairman of the Democratic Get together’s Nationwide College College students Committee, Lee So-ra, Seoul Metropolis Councilor, and Kim Seol, chairman of the Youth Union.
