Arab Today, arab today seoul government pours 14tr won into covering pension funds deficit
Last Updated : GMT 21:53:08
Arab Today, arab today
Arab Today, arab today

Seoul government pours 14tr won into covering pension funds deficit

Arab Today, arab today

Arab Today, arab today Seoul government pours 14tr won into covering pension funds deficit

Seoul - Yonhap

The government has poured almost 14 trillion won (US$13.5 billion) into the pension funds for public servants and soldiers over the last five years to cover their deficit, data showed Sunday. The government pumped a combined 13.9 trillion won to plug losses by the pension funds from 2009-2013, according to the finance ministry, and around 3.8 trillion won may go to covering the two pension funds' deficit this year, up from 3.3 trillion won tallied for last year.

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