Korean Law in English
Laws › Act on the Guarantee of Employees' Retirement Benefits › CHAPTER II ESTABLISHMENT OF RETIREMENT BENEFIT SCHEMES

Act on the Guarantee of Employees' Retirement Benefits — Article 11 (Treatment of Non-Establishment of Retirement Benefit Scheme)

근로자퇴직급여 보장법 제11조

This English translation is based on the Korean text effective 2022-07-12. The Korean law has since been amended (current version effective 2026-09-18) — check the Korean original.

Notwithstanding the main clause of Article 4 (1) and Article 5, if any employer fails to establish a retirement benefit scheme or an individual retirement pension scheme under Article 25 (1), such employer shall be deemed to have established a retirement allowance system under Article 8 (1).

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