Increasing Pension Enrolment of Non-regular Workers

While National Pension enrolment rate for regular workers in Korea was 82 percent*, the rate for non-regular workers was a mere 38 percent, showing their vulnerable retirement planning. There was a call to strengthen social safety net to realize ‘pension per person’ by reducing the risk of non-regular workers falling through the cracks of the social insurance system amid a gradual rise in the number of non-regular workers like daily and part-time workers due to labor market flexibility. However, there were a few challenges in raising their enrolment such as difficulties in securing public income information and employers / workers rejecting to enroll. The National Pension Service, working with the National Tax Service, the Ministry of Employment and Labor and others, got daily worker’s income data, while lessened burden of premium payments for low-wage workers in small businesses via social insurance subsidy schemes. Such efforts led to a sharp rise in the enrolment rate of non-regular workers. * [Source] Statistics Korea – ratio and fluctuation of social insurance holders per employment type (Economically Active Population Survey (March 2015))

Authorize publication by ISSA
Yes
Award Year
2018
Contact address
+82 2 2176 8795
Contact email
npscia@nps.or.kr
Main country
Main region