Passed the State Council on amendment to the Enforcement Decree of the Public Officials Pension Act
The pension loan interest rate, which was in the 3% range, seems to be lower than it is now.
Pensions continue to be reduced even if reappointment of public officials on the severance commission
Even if a public official who has been dismissed or dismissed due to serious condemnation is re-appointed, the previous pension will be reduced by one-half.
As early as the end of this month, the interest rate for public employee pension loans, which is currently 3% or more, will be determined by reflecting changes in market interest rates.
The Ministry of Personnel Innovation announced that the revised bill of the’Enforcement Decree of the Public Officials Pension Act’ with these contents passed the State Council meeting on the 9th.
Considering that it usually takes about a week to ten days for various laws to be implemented after passing the state council meeting, the revised Public Officials Pension Act is expected to be implemented by the end of this month.
According to the amendment, public officials who have been disciplined and retired will be reappointed, and even if the previous tenures are added up, the previous pension will be reduced in payment.
According to the current regulations, public officials are paid a maximum of half of the pension they receive after retirement if they commit serious misconduct, such as dismissal due to imprisonment or dismissal, or receipt of money or goods.
However, it has been pointed out that the effect of the reduction disappears if the recipient who received the reduced pension is reappointed as a public official and the past tenures are added up, and the pension is paid in full if they retire later.
It is not a common case, but it was reflected in the revised Public Officials Pension Act as criticisms came out from the state administration.
The criteria for determining the interest rate on pension loans were also set by taking into account the interest rate on bank household loans prepared by the Bank of Korea above the current 3%.
It is designed to flexibly reflect the recent financial situation, which maintains an ultra-low interest rate, and the loan interest rate is expected to decrease somewhat.
The settlement of the Public Officials Pension Fund was published in the electronic gazette in March in accordance with the Act on the Operation of Public Institutions, but it was posted in Alio at the end of April so that the public could easily access information.
The pensioner’s immigration document was changed from the departure certificate to the overseas migration report confirmation, and new regulations on the basis for requesting data were prepared to confirm the existence of pensioners.
Senior Reporter Seong-Gon Kim [email protected]
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