(1) In order to relieve the financial burden of business that joins the SME retirement pension fund plan and to facilitate employees' subscription to the SME retirement pension, the State may partially subsidize the employer contributions, participant contributions, or expenses incurred in the operation of the SME retirement pension fund plan within the budget, if the business fulfills the requirements prescribed by the Minister of Employment and Labor.
(2) Matters necessary for the subject matters of support, level of support, procedures for support, etc. under paragraph (1) shall be prescribed by Presidential Decree.
(3) Where a person who has received support from the State pursuant to paragraph (1) falls under any of the following cases, the Minister of Employment and Labor may recover all or part of the subsidies, as prescribed by Presidential Decree: Provided, That where the amount of subsidies to be recovered (hereinafter referred to as "amount to be recovered") is less than the amount prescribed by Presidential Decree, such amount may not be recovered:
1. Where a person receives subsidies by fraud or other improper means;
2. Where subsidies were erroneously provided;
3. Where an employer discontinues the SME retirement pension fund plan without good cause prescribed by Presidential Decree, such as bankruptcy.
(4) The COMWEL may collect the amount to be recovered under paragraph (3) in the same manner as delinquent national taxes are compulsorily collected.
(5) In order to collect the amount to be recovered under paragraph (3), the COMWEL may request the head of a relevant institution to provide data prescribed by Presidential Decree, such as data on taxation of property tax under the Local Tax Act, or to utilize the related computer network. In such cases, the head of a relevant institution shall comply with such request unless there is good cause.
(6) Any data to be provided to the COMWEL under paragraph (5) shall be exempted from fees, usage fees, etc.[This Article Newly Inserted on Apr. 13, 2021]