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In graying S. Korea, retirees delay receiving public pension

In graying S. Korea, retirees delay receiving public pension

At 62, Kim Byung-jong reached public pension age last month. Instead of automatically taking the state pension, Kim, a retired car salesman, asked the National Pension Service (NPS), the operator of South Korea’s state pension fund, to defer his pension for five years. The reason? Delaying his pension will increase the amount Kim would get […]

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