Table 3 Key policy events and aspects in the 2015 pension reform
Date | Events |
|---|---|
February 25th, 2014 | - President Park expressed a strong intension for the Civil Service Pension reform in her annual announcement |
January~June, 2014 | - Korea Development Institute (KDI) carried out a reform project |
October 17th, 2014 | - The government (the Ministry of Personnel Management) announced her reform proposal |
October 28th, 2014 | - The ruling Saenuri Party(SP) submitted a Civil Service Pension reform bill |
December 29th, 2014 | - The National Assembly set up the Special Committee and the Grand Compromise Committee |
January~May, 2014 | - The Special Committee in the National Assembly, coupled with the Grand Compromise Committee, launched reform discussion - About 59 times of committee conferences and public hearings (90 times when unofficial meetings are included) |
May 2nd, 2015 | - The National Assembly agreed on the reform bill in a wider context |
May 29th, 2015 | - The National Assembly passed the Civil Service Pension Reform bill |
June 22th, 2015 | - The Korean government made the law public |
January 1st, 2016 | - The Reform bill will be implemented. |