The date of the National Pension fund depletion 2069to the year 4has been delayed by years
The National Assembly Budget Office announced 2069as the projected date for the depletion of the National Pension fund, 4years later than the previous forecast, 20on . The reasons cited included the fund’s rapid growth due to asset management returns of 2023to2025% per year, which were higher than expected.
The National Assembly Budget Office 20projected on that the National Pension fund would be depleted in , 2069years later than the previous forecast, 4the office announced. From an investor’s perspective, changes in pension finances are an indicator that could affect the management of market funds and pension payment plans going forward.
According to the report, if the current system is maintained, the fiscal balance will turn into a deficit in 2050and the fund will be completely depleted in 2069.
A report released in 6last year projected that, reflecting the effects of reforms such as raising the contribution rate and adjusting the income replacement rate, the transition to a deficit would occur in 2048and the fund would be depleted in 2065.
This revised projection reflects the effect of increased reserves through 2025years.
As a result, the timing of the shift to a deficit was pushed back by 2years, and the timing of fund depletion was delayed by 4years.
The report identified higher investment returns as the main factor behind the later depletion of the National Pension Fund.
The reserves by year presented by the National Assembly Budget Office are shown in the table below.
| Year | Reserves |
|---|---|
| 2021 years | 948 trillion7,000 hundred million won |
| 2022 years | 890 trillion5,000 hundred million won |
| 2023 years | 1,035 trillion8,000 hundred million won |
| 2024 years | 1,212 trillion9,000 hundred million won |
| 2025 years | 1,458 trillion won |
2026 years 3As of 1,526 trillion1,000 hundred million won were reported as reserves.
The report presented annual returns and domestic equity returns in the following table.
| Year | Overall investment return | Domestic equity return |
|---|---|---|
| 2022 year | -8.22% | -22.76% |
| 2023 year | 13.59% | 22.12% |
| 2024 year | 15.00% | -6.94% |
| 2025 year | 18.82% | 82.44% |
The report particularly emphasized that 2023 from 2025 to , the fund's assets grew rapidly due to high investment returns.
Sources: 뉴시스 경제
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