Korean President Park Geun-hye denounced the legislature on Monday for pushing ahead with a misleading, populist reform plan for the national pension system by exploiting its mandate to overhaul the debt-ridden pension program for civil servants.

The ruling and opposition parties signed a deal on Sunday to reform the program - which consumes more than 8 billion won ($7.4 million) a day just to stay afloat - by increasing government workers’ monthly contributions while reducing their entitlement payments.
The president also lamented that the ruling and opposition parties’ reform plan for the civil servant pension program was disappointing.

bbabo.Net