Oh Se-hoon Unveils Pledges Tailored for 40-50 Age Group, Offering Support for Early Retirement Income Gaps

Seoul mayoral candidate Oh Se-hoon has unveiled a comprehensive set of policy pledges specifically designed to support the 'sandwich generation' – individuals in their 40s and 50s who are simultaneously managing the financial burdens of raising children and caring for aging parents, while also preparing for their own retirement. This initiative, announced at his campaign office in Jongno-gu, Seoul, directly addresses the unique challenges faced by this crucial demographic.

A cornerstone of the proposal is the 'Seoul-type IRP' (Individual Retirement Pension), a program aimed at providing a robust pension safety net. Recognizing the 'income crevasse' that can occur for those who retire early or face job instability before the national pension kicks in at age 65, the city government would offer direct support. This program exemplifies Seoul's commitment to proactive social welfare, ensuring that citizens have a stable financial foundation throughout their lives.

The specifics of the Seoul-type IRP are designed for maximum impact. For 200,000 individuals identified as vulnerable in their retirement planning, the city will contribute an additional 20,000 won for every 80,000 won saved monthly over a 10-year period. This could result in a total savings of up to 16.4 million won, providing an estimated monthly income of approximately 200,000 won for five years between ages 60 and 65. Additionally, the plan introduces a 'care voucher' for 'dual-care households,' offering support to families concurrently caring for young children and elderly parents, particularly those with parents hospitalized for over 90 days before returning home.

This targeted approach reflects a deep understanding of the demographic shifts and economic pressures impacting Seoul's middle-aged population. By focusing on retirement security and alleviating the dual burdens of caregiving, Oh Se-hoon's campaign is positioning itself as a champion for the needs of the 40-50 age group, a segment often overlooked in broader policy discussions. The emphasis on practical, financial support underscores a commitment to tangible solutions for the everyday struggles of Seoul's residents.