(1) The type of benefits and eligibility requirements of the SME retirement pension fund plan shall be as follows:
1. Article 17 (1) shall apply mutatis mutandis to the employer contribution account of the fund plan. In such cases, "defined benefit plan" shall be construed as "SME retirement pension fund plan";
2. Matters relating to the participant contribution account of fund plan shall be prescribed by Presidential Decree.
(2) The payment of benefits to participants from the employer contribution account of fund plan shall be made by means of transfer to the accounts, etc. of individual retirement pension plan designated by the participants: Provided, That where a participant does not designate an account, etc. of individual retirement pension plan, the benefits shall be transferred to the account of individual retirement pension plan in the name of the participant.
(3) Other matters necessary for the payment, etc. of benefits shall be prescribed by Presidential Decree.[This Article Newly Inserted on Apr. 13, 2021]