Table 4 The history of civil servant pension in South Korea
Time | Content | Contribution Rate | Entitlements |
|---|---|---|---|
1982 | Civil Servant’s Pension Act | 3.6% | 2.1% |
1995 | First Amendment | 4.9% | 2.1% |
2000 | Second Amendment | 5.5% | 2.1% |
2009 | Third Amendment | 7.0% | 1.9% |
2015 | Fourth Amendment | 9.0% | 1.7% |