Seoul government pours 14tr won into covering pension funds deficit
Seoul - Yonhap
The government has poured almost 14 trillion won (US$13.5 billion) into the pension funds for public servants and soldiers over the last five years to cover their deficit, data showed Sunday. The government pumped a combined 13.9 trillion won to plug losses by the pension funds from 2009-2013, according to the finance ministry, and around 3.8 trillion won may go to covering the two pension funds' deficit this year, up from 3.3 trillion won tallied for last year.
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