(1) An entitlement to benefits under a retirement pension plan (including a SME retirement pension fund plan; hereafter the same shall apply in this Article) shall neither be transferred nor be offered as collateral to another person. <Amended on Apr. 13, 2021>
(2) Notwithstanding paragraph (1), a participant may provide an entitlement to benefits under a retirement pension plan as collateral to the extent prescribed by Presidential Decree, if he or she meets the grounds and conditions prescribed by Presidential Decree, such as a housing purchase. In such cases, a retirement pension trustee registered under Article 26 (referring to the Korea Workers' Compensation and Welfare Service under Article 10 of the Industrial Accident Compensation Insurance Act (hereinafter referred to as the "COMWEL"), in cases of SME retirement pension fund plans) shall cooperate with the participant so that the participant can take the loan with the offered benefits as collateral. <Amended on Apr. 13, 2021>