Rival Parties Agree on Pension Reform
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pension reformKorea Joongang Daily
•World
World
Rival parties agree on pension reform plans
80% Informative
Rival main parties agree on proposed plans to reform the nation's ailing pension system.
Under the agreement signed by floor leaders of the two parties, the pension contribution rate was set at 13 percent .
The agreement came after a meeting between Rep. Kweon Seong-dong and Park Chan-dae , floor leader of the main opposition Democratic Party .
The National Assembly is set to vote on the proposal later on Thursday .
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