Why Do We Need to be Covered by Pension System?

The public pension system is designed based on the idea that all working people, regardless of nationality, support the livelihoods of those in need, including elderly people, people with disability due to illness or injury, and surviving family members whose primary wage earner died.
The followings are common risks for everyone.

• Old-age
• Sickness
• Injury
• Disability

Risks are very difficult to predict. We cannot know for certain if or when we will become sick or injured, how long we will live, or what will follow if we suffer from a disability.
In addition, there are certain socio-economic risks that are difficult to predict. Public pension is a system to support and help each other, as a whole society, against such risks that individuals cannot always prepare for.

By paying pension contributions, you can receive benefits in old age, or on an unexpected events.
For example: If you have disability or when you reach a certain age, and you meet certain requirements, you will receive pension benefits regularly.