(1) The COMWEL shall prepare a written contract stating the following matters (hereinafter referred to as "standard contract of SME retirement pension fund") and obtain approval thereof from the Minister of Employment and Labor:
1. Matters specified in subparagraphs 2, 3, 6, and 8 through 10 of Article 13;
2. Matters specified in Article 19 (1) 1 through 3 and 5;
3. Matters relating to management, operation, etc. of the SME retirement pension fund under Article 23-3;
4. Matters relating to the affairs of documentation, storage, and notification of the operational status of the reserve;
5. Matters relating to the establishment and management of accounts, receipt of contributions, storage and management of the reserves, and payment of benefits;
6. Other matters prescribed by Presidential Decree for the operation of the SME retirement pension fund plan.
(2) If the COMWEL modifies the standard contract of SME retirement pension fund approved under paragraph (1), it shall obtain approval from the Minister of Employment and Labor: Provided, That if the modified content is not unfavorable to the employers and participants, the standard contract of SME retirement pension fund may be modified by reporting it to the Minister of Employment and Labor.
(3) Matters necessary for the methods, procedures, etc. for approval or approval for modification under paragraphs (1) and (2) shall be prescribed by Presidential Decree.[This Article Newly Inserted on Apr. 13, 2021]