Health and Welfare Policy Forum

Restructuring the Public Old-Age Income Security System: Addressing the Basic Pension’s Application-Based Approach

  • Author

    Lee, Dah-Mi

  • Page

    55-64

  • PubDate

    2026. 03.

  • Language

    kor

Introduced in 2014 and―after successive increases in benefit levels―now firmly established as a quasi-universal program, the Basic Pension suffers from administrative inefficiencies arising from its application-based approach and other complex eligibility criteria. The non-take-up of the Basic Pension, insofar as the problem stems simply from a lack of information or from conflicts with other benefit programs, is attributable less to individual choices and more to deep-seated issues that concern the public old-age income security system itself. Experiences from Western countries show that universal benefits do not necessarily involve automatic payment and that benefits supplemental to earnings-related pensions do not always require individuals to apply first. Future efforts to improve the Basic Pension, particularly regarding the application-based approach, should focus on making its workings rational by removing unnecessary complexity, with a medium-to-long-term goal of enhancing the coherency of the old-age income security system as a whole.

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