• Title/Summary/Keyword: Multi-pillar scheme

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Old-Age Income Security System in Korea from the Pension Regime Perspective (연금 체제(Pension regime) 측면에서 본 한국 노후 소득보장 체계 - 갈림길에 선 한국 연금 체계 -)

  • Jung, Chang-Lyul
    • Korean Journal of Social Welfare
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    • v.62 no.2
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    • pp.329-348
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    • 2010
  • Following the welfare state typology well known, the typology in terms of individual system in welfare state has been widely examined and, pension which is the biggest and most important in welfare state has been classified into Beveridge and Bismarckian types based on their pension system design. Such typology focused on benefit type or size of private pension has been recently refined to add a new type - 'Bismarckian Lite' type - in addition to traditional Beveridge and Bismarckian types. Whereas the pension reforms in the developed countries has been changes within their pension regimes, the Korean pension reform in 2007 seems to have changed the existing social insurance type into the 'Bismarckian Lite' type. However, considering the immaturity of Korean pension regime, it is difficult to conclude the existing status of the Korean pension regime and, the Korean one can be classified into a multi-pillar one. Over the last decades the developed countries have increased the size of private pension regardless of their original pension regimes, which tends to converge into multi-pillar schemes. Accordingly, there is recently a new typology focused on the degree of regulation in terms of private pensions, which seems to be the better perspective. It will be more important how to regulate the (immature) occupational pension as well as the National Pension in Korea. Considering that old age income security in countries where the public regulation regarding private pension was absent has been deteriorated, it would be necessary to strengthen the role of government to effectively regulate private pension.

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The Effect of Poverty Reduction by Public Pension: A comparative study of 34 OECD Countries (공적연금의 빈곤 완화 효과: OECD 34개 회원국의 비교연구)

  • Kim, Yun Tae;Suh, Jae Wook;Park, Yeon Jin
    • 한국사회정책
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    • v.25 no.4
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    • pp.301-321
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    • 2018
  • The purpose of this paper is to analyze whether any combination of the quantitative and qualitative aspects of the public pension system is a causal factor for the elderly poverty reduction rate. For this, fuzzy-set qualitative comparison analysis was conducted with the poverty reduction rate as the outcome condition variable, the public pension expenditure ratio, the redistributive index, the first floor public pension weight, the second floor public pension weight and the second floor forced private pension weight did. As a result of the analysis, the combination of high public pension expenditure ratio, low two - tier public pension share and high two - tier compulsory private pension share has become a cause of high poverty reduction rate of the elderly. And more various forms of association were found as the cause of low poverty reduction rate of the elderly. This paper suggests policy proposals based on the above findings.