Act on the Guarantee of Employees' Retirement Benefits

근로자퇴직급여 보장법

Act · 고용노동부 · English text effective 2022-07-12 · Korean current 2026-09-18

Articles

• CHAPTER I GENERAL PROVISIONS
• Article 1 Purpose
• Article 2 Definitions
• Article 3 Scope of Application
• CHAPTER II ESTABLISHMENT OF RETIREMENT BENEFIT SCHEMES
• Article 4 Establishment of Retirement Benefit Schemes
• Article 5 Retirement Benefit Schemes of Newly Established Businesses
• Article 6 Establishment of Two or More Retirement Pension Plans for Participants
• Article 7 Protection of Entitlement to Benefits
• Article 8 Establishment of Retirement Allowance Systems
• Article 9 Payment of Retirement Allowances
• Article 10 Extinctive Prescription of Retirement Allowances
• Article 11 Treatment of Non-Establishment of Retirement Benefit Scheme
• Article 12 Preferential Payment of Retirement Benefits
• CHAPTER III DEFINED BENEFIT PLANS
• Article 13 Establishment of Defined Benefit Plans
• Article 14 Contribution Period
• Article 15 Amount of Benefits
• Article 16 Securing of Ability to Pay Benefits
• Article 17 Types of Benefits and Eligibility Requirements of Recipients
• Article 18 Notification of Current Status of Operation
• Article 18-2 Composition of Reserve Fund Operating Committee
• CHAPTER IV DEFINED CONTRIBUTION PLANS
• Article 19 Establishment of Defined Contribution Plans
• Article 20 Allocation and Payment of Contributions
• Article 21 Methods of Operating Reserves and Supply of Information
• Article 21-2 Establishment of Default Option Scheme
• Article 21-3 Operation of Default Option Scheme
• Article 21-4 Selection of Default Option Management Plan by Participants
• Article 22 Early Withdrawal of Reserves
• Article 23 Establishment of Defined Contribution Plan Participated by at Least Two Employers
• CHAPTER IV-2 SME RETIREMENT PENSION FUND PLAN
• Article 23-2 Operation of SME Retirement Pension Fund Plan
• Article 23-3 Management and Operation of SME Retirement Pension Fund
• Article 23-4 Utilization of Data
• Article 23-5 Descriptions of Standard Contract of SME Retirement Pension Fund
• Article 23-6 Establishment of SME Retirement Pension Fund Plan
• Article 23-7 Level of Contribution and Payment of Contributions
• Article 23-8 Establishment of Participant Contribution Account of SME Retirement Pension Fund Plan
• Article 23-9 Contribution Period
• Article 23-10 Provision of Information on Fund Operation
• Article 23-11 Notification of Operational Status
• Article 23-12 Types of Benefits and Eligibility Requirements of Recipients
• Article 23-13 Early Withdrawal of Reserves
• Article 23-14 Support by the State
• Article 23-15 Responsibilities of COMWEL
• Article 23-16 Guidance and Supervision
• CHAPTER V INDIVIDUAL RETIREMENT PENSION PLANS
• Article 24 Establishment and Operation of Individual Retirement Pension Plans
• Article 25 Special Cases for Businesses Employing Less Than 10 Employees
• CHAPTER VI RETIREMENT PENSION TRUSTEES AND THEIR PERFORMANCE OF DUTIES
• Article 26 Registration of Retirement Pension Trustees
• Article 27 Revocation of Registration of Retirement Pension Trustees and Transfer Orders
• Article 28 Conclusion of Contract on Operational Management Services
• Article 29 Conclusion of Contract on Asset Management Services
• Article 29-2 Fees
• Article 30 Provision of Operational Management Services
• Article 31 Entrustment of Solicitation Services
• CHAPTER VII RESPONSIBILITIES AND SUPERVISION
• Article 32 Responsibilities of Employers
• Article 33 Responsibilities of Retirement Pension Trustees
• Article 34 Responsibilities of the Government
• Article 35 Supervision over Employers
• Article 36 Supervision over Retirement Pension Trustees
• Article 37 Request for Financial Transaction Information
• CHAPTER VIII SUPPLEMENTARY PROVISIONS
• Article 38 Measures to be Taken when Retirement Pension Plan is Abolished or Suspended
• Article 39 Business Cooperation
• Article 40 Reporting and Investigation
• Article 41 Hearings
• Article 42 Entrustment and Delegation of Authority
• CHAPTER IX PENALTY PROVISIONS
• Article 43 Penalty Provisions
• Article 44 Penalty Provisions
• Article 45 Penalty Provisions
• Article 46 Penalty Provisions
• Article 47 Joint Penalty Provisions
• Article 48 Administrative Fines

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