Korean Law in English
Laws › Act on the Guarantee of Employees' Retirement Benefits › CHAPTER VII RESPONSIBILITIES AND SUPERVISION

Act on the Guarantee of Employees' Retirement Benefits — Article 34 (Responsibilities of the Government)

근로자퇴직급여 보장법 제34조

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.

(1) The Government shall provide a support plan to promote retirement pension plans.

(2) In order to ensure the sound settlement and development of retirement pension plans, the Government may take the following measures: <Amended on Apr. 13, 2021>

1. Joint research projects with labor-management organizations, and institutions or organizations related to retirement pension business, and administrative and financial support therefor;

2. Evaluation of retirement pension trustees related to the operation of retirement pension plans;

3. Training of specialized instructors and support with teaching materials for the sound and efficient operation of retirement pension plans;

4. Other matters prescribed by Presidential Decree to secure a stable life of employees in their old age.

(3) The evaluation under paragraph (2) 2 shall be conducted with regard to the operational performance and management capability of a retirement pension trustee, the appropriateness of fees, etc., and other matters necessary for evaluation procedures, methods, etc. shall be prescribed by Presidential Decree. <Newly Inserted on Apr. 13, 2021>

(4) The Government shall endeavor to prepare measures to protect employees' entitlement to benefits, such as tools to guarantee the payment of benefits under the retirement pension plans. <Amended on Apr. 13, 2021>

‹ Article 33All articlesArticle 35 ›

Korean original (law.go.kr) · Get articles as JSON via API

For AI agents and developers — get this article as JSON, with the English and current Korean effective dates and an outdated-translation flag, from the korea-law API or as an MCP tool: https://mcp.apify.com?tools=kr-data/korea-law