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Laws › Act on the Guarantee of Employees' Retirement Benefits › CHAPTER IV-2 SME RETIREMENT PENSION FUND PLAN

Act on the Guarantee of Employees' Retirement Benefits — Article 23-16 (Guidance and Supervision)

근로자퇴직급여 보장법 제23조의16

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.

For the smooth operation of the SME retirement pension fund plan, the Minister of Employment and Labor may require the COMWEL to report the following matters or may instruct public officials under his or her jurisdiction to inspect the relevant accounting books, documents, and other articles, and may order corrective measures for the operation, etc. of the SME retirement pension fund plan, as prescribed by Presidential Decree, if deemed necessary:

1. Matters relating to the actual status of the management and operation of the SME retirement pension fund plan of the COMWEL;

2. Matters relating to the management and operation of the SME retirement pension fund under Article 23-3.[This Article Newly Inserted on Apr. 13, 2021]

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