남북한 연금정책의 비교연구

A Comparative Study on the Pension Systems of South and North Korea

This study's major focus concerns the different developmental process of South and North Korean social welfare policies, especially the pension systems. For the purpose, articles and data on the history and the current conditions of the pension systems in South and North Korea were reviewed and analysed. The results are as follows; first, North Korea began and extended the pension system earlier than South Korea. Second, coverage and benefits of North Korean pension system are more generous than those of South Korea. Third, benefit per income rate of North Korean pension system is higher than South Korea. The rate of North Korea is 60-70%, and the rate of South Korea is 40%. Fourth, South Korean pension system is administerd by separate corporations, the National Pension System and the Pension System for Civil Servants, while administration of North Korean pension system is unified. Sixth, South Korean pension system is financed by partial funded system, while North Korean pension system is financed by pay-as-you go system.