A petition opposes converting retirement pensions into a fund. /Courtesy of National Assembly e-Petition (screenshot)

A National Assembly petition opposing the government's push for "funding retirement pensions" has gained consent from more than 6,000 people.

According to the National Assembly public consent petition board, as of 10:30 a.m. on the 26th, 6,628 people had agreed to a petition titled "Petition against the push to fund retirement pensions."

The petitioner posted on the 12th, saying, "Funding retirement pensions is a system in which the state or a specific body uniformly manages workers' retirement assets, which could seriously infringe on individuals' property rights and freedom of choice," and noted, "We request a halt to the push to fund retirement pensions."

Funding retirement pensions centers on pooling retirement pensions that corporations and individuals had managed separately and managing them professionally to raise returns. The idea is to run them like the National Pension.

But there are also significant concerns that it restricts individuals' management authority and leaves accountability unclear if management fails.

The petitioner also said, "Concentrating retirement pension management into a single fund increases the risk of political and policy interference, and a single error in judgment could directly harm the retirement lives of countless people."

They continued, "I think the state should not touch even retirement pensions for people in their 20s and 30s who worry they may not receive the National Pension," and said, "Since retirement pensions are the public's future, not a fiscal tool, we call for a careful reexamination by the government and related agencies."

If a National Assembly public consent petition gains agreement from 100 people within 30 days, it is disclosed to the general public, and if it gains more than 50,000 agreements, it is referred to the competent standing committee.

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