(1) A participant of a defined contribution plan who does not operate the reserve by the default option management plan may select any of the operational types prescribed in subparagraphs of Article 21-2 (1) from among the default option management plans of a retirement pension trustee providing operational management services, as a default option management plan: Provided, That where the participant selects only the operation type specified in Article 21-2 (1) 2 as the default option management plan, the details of operation prescribed in item (a) or (b) of the same subparagraph shall be included therein.
(2) Where the default option management plan selected by a participant under paragraph (1) is modified under the former part of Article 21-3 (6), a retirement pension trustee providing operational management services may operate the reserves of the participant according to a default option management plan that is modified through the procedures prescribed by Presidential Decree, such as notification to the participant.[This Article Newly Inserted on Jan. 11, 2022]