(1) Each employer or participant who intends to establish a retirement pension plan shall conclude a contract with a retirement pension trustee on the provision of the following services (hereinafter referred to as "operational management services"): Provided, That services specified in subparagraph 1-2 shall apply only where a defined contribution plan is established, and services specified in subparagraph 2 shall apply only where a defined benefit plan is established: <Amended on Apr. 13, 2021; Jan. 11, 2022>
1. Providing the employer or participants with the methods of operating reserves and information on each operating method;1-2. Establishing and operating the default option scheme;
2. Designing a pension plan and conducting pension accounting;
3. Recording, keeping, and informing the current operational state of reserves;
4. Informing a retirement pension trustee providing asset management services pursuant to Article 29 (1), of the operating method chosen by the employer or participants;
5. Any other service prescribed by Presidential Decree to ensure the adequate provision of operational management services.
(2) A retirement pension trustee providing operational management services pursuant to paragraph (1) may have a person who meets the requirements prescribed by Presidential Decree, such as personnel and physical resource requirements, provide some of the services prescribed by Presidential Decree.