The National Pension System ( Nps ) Essay - 1284 Words

The poverty rate amongst the elders in Korea’s especially aging population is very high, it has been a very high contributor to income inequality over the past few decades . As of OECD reports in 2011 have indicated 49 percent of the population above the age of 65 lived in relative poverty. The figure in Korea is extremely high compared to the OECD average which is 13 percent. The BOAP was introduced relatively late in 2008 which covers roughly about 70 percent of the population with the benefit of 97 thousand KRW which is 16 percent of the minimum cost of living in 2014. Although there is a relative generosity in covering a large number of population for the welfare program, the BOAP has not been able to prevent a significant rise of elderly poverty rate and the GINI coefficient since 2007 . In addition to the introduction of BOAP, there was an introduction to the National Pension System (NPS). In 2013, only 29% of the age group 65 and above have benefited from the pension system. The pension coverage was also very small with only 310 thousand KRW which is about $298 per month. Moreover, there is a wide gender gap in its recipients, with 40 percent of men receiving it compared to only 15 percent of women. The relatively low participants of the NPS scheme reflects its recent introduction in 1989 . In order to address the issues of dualism in the labor market, the government tried limiting the usage of non-regular workers but also at the same time endeavored toShow MoreRelatedThe Contemporary Role Of The Nurse Practitioner1628 Words   |  7 Pagescontemporary role of the nurse practitioner in the care of U.S. veterans within the Veterans Health Administration (VHA) system. The VHA is is one of the largest employers of advanced practice providers (APPs) in the United States. Currently some role confusion exists between nurse practitioners (NPs), physician assistants (PAs) and physicians within the system. 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