Global Social Security Review

The Roles of Public Pensions, Private Retirement Plans, and Tax Programs in the US Old-Age Income Protection System

  • Author

    Kim, Tae Kuen

  • Page

    74-86

  • PubDate

    2026. 03.

  • Language

    kor

Old-age income protection systems constitute the foundation of the welfare state, of which the quintessential component is the public pension system. However, amid shifts in the economic structure coupled with population aging, traditional pension policies have proven insufficient to achieve the goal of old-age income protection. In this context, public pension reform has been a staple of the US political agenda for well over a decade. In the process, the US has developed a wide variety of old-age income security programs, including private pension plans and tax-based welfare programs. This article discusses in depth the three pillars of the US old-age income protection system―Social Security, occupational pensions, and individual pension plans. Exploring at length the dynamics between these pillars and tax programs, this article examines old-age income security programs in the US and their characteristics that define the American welfare state as it is today, and draws implications for policymaking in Korea.

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공공누리 공공저작물 자유 이용허락, 출처표시, 상업적 이용 금지, 변경금지
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