With reference to the report, which gave details of pensions being allegedly proposed by the government for the employees under the National Pension System.
Launched in 2021 with much fanfare, it was aimed at saving Rs 250 crore annually. Its cost of induction was Rs 160 crore; however, with a new contract for the removal of anomalies, training and operating, it would be far higher.
South Korea’s pension system has long been fraught with structural problems, raising concerns about its sustainability.
