CHAPTER 1
How prepared are Koreans for post-retirement life? 3
CHAPTER 2
Survey on the post-retirement preparations of retirees in Korea 11
CHAPTER 3
Retirement Pension Systems in Korea and Abroad 27
A. Retirement benefits system in Korea: current status and issues 31
B. Annuitization rate in Korea 33
C. Literature on the income replacement rates of retirement pensions 34
D. Comparison of annuitization scheme policies in other countries 38
CHAPTER 4
Total Income Replacement Rate Estimates of Public and Private Pensions for Different Generations 43
A. National Pension and other basic pensions: amounts of benefits and income replacement rates 45
B. Income replacement rate of retirement pensions 53
C. Total income replacement rate of public and private pensions in Korea 62
CHAPTER 5
Conclusion 69
References 73