Arab Today, arab today korean government to launch basic pension programme for senior citizens
Last Updated : GMT 08:03:08
Arab Today, arab today
Arab Today, arab today

Korean government to launch basic pension programme for senior citizens

Arab Today, arab today

Arab Today, arab today Korean government to launch basic pension programme for senior citizens

Group of elderly Koreans
seoul - Yonhap

The government will launch a new basic pension program from July that aims to give monthly cash support to 70 percent of senior citizens in the country, officials said Sunday.
The pension plan was one of the key campaign pledges made by President Park Geun-hye in the 2012 campaign. She originally pledged to give 200,000 won (US$197) to everyone over 65, but the government offered a compromise plan to support only those in the lower 70 percent income bracket, citing budgetary constraints.

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