Table 2 Comparison between before and after the 2015 pension reform of civil servant
Before the reform | After the reform | |
|---|---|---|
- Full suspension | When re-hired | when re-hired, or when employed under public corporate, or when extended to elective civil servants |
- Partial suspension (Reference) | Average salary (3380 thousand won) | Average pension (2240 thousand won) |
- Coverage | Real estate income excluded | Real estate income included |
- Indexation | CPI | CPI after 5 years’ pension freezing |