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A pension (/ ˈ p ɛ n ʃ ən /; from Latin pensiō ' payment ') is a fund into which amounts are paid regularly during an individual's working career, and from which periodic payments are made to support the person's retirement from work.
The poverty rate of elderly people in South Korea is the highest among the OECD countries. Poverty rate in South Korea (age 65+) in 2011. South Korea's pension scheme was introduced relatively recently, compared to other democratic nations.
Hendy Siswanto (born 6 May 1962) is an Indonesian civil servant and politician who has served as the regent of Jember Regency, East Java since 2021.Before becoming regent, he had worked as a civil servant in the railways unit of the transport ministry for over 20 years.