The depletion point of the National Pension 2069 has been pushed back to , with reserves of 1,526 trillion won
The National Assembly Budget Office announced on 2069 that the depletion point of the National Pension Fund has been pushed back to 6 month20 day. The report projects the fiscal balance to turn into a deficit in 2050 and the fund to be exhausted in 2069.
The National Assembly Budget Office announced on 2069 that the depletion point of the National Pension Fund has been pushed back to 6 month20 day. The report noted that this change resulted from investment returns directly affecting the size of the fund.
The report projects that, if the current system remains in place, the fiscal balance will turn into a deficit in 2050 and the fund will be completely exhausted in 2069.
A report released last year projected the deficit transition point in 2048 and the fund depletion point in 2065, reflecting reform assumptions including a higher contribution rate and adjustments to the income replacement rate.
The report explained that, reflecting the impact of the increase in reserves, the points at which the fund would turn to a deficit and be depleted were each delayed by 2years and 4years, respectively. The report cited the rise in asset management returns as the main reason for the delay in the depletion date.
The report calculated that the fund's reserves increased by an annual average of 11.3%. The key figures are shown in the table below.
| Year | Reserves | Overall return | Domestic equity return |
|---|---|---|---|
| 2021 | 948 trillion 7,000 hundred million won | - | - |
| 2022 | 890 trillion 5,000 hundred million won | -8.22% | -22.76% |
| 2023 | 1,035 trillion 8,000 hundred million won | 13.59% | 22.12% |
| 2024 | 1,212 trillion 9,000 hundred million won | 15.00% | -6.94% |
| 2025 | 1,458 trillion won | 18.82% | 82.44% |
| 2026 year 3 month | 1,526 trillion 1,000 hundred million won | - | - |
The report concluded that the reserves grew rapidly after recording high fund management returns from 2023 to 2025.
Sources: 뉴시스 경제
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