Government Begins Full-Scale Discussions on Basic Pension Reform Based on a Lower-Ranking, Upper-Ranking Structure

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Government Begins Full-Scale Discussions on Basic Pension Reform Based on 'Lower Income, Higher Income,' Holds Expert Forum on Reform Plan. The government has officially begun discussions on reforming the basic pension, which is currently provided to the bottom 70% of income earners. The government's proposal suggests replacing the current system of paying the same amount to the bottom 70% with a system where poorer elderly people receive more.