Labor Law Q&A details

Chapter 7 Retirement Management

Does local law establish a voluntary or complementary pension benefit system? What are the eligibility conditions for registration / affiliation? What is the registration / affiliation process (by the employer or by the employee)? What are the employer and employee contributions?

No voluntary pension benefit system is stipulated in the law.
There are private systems at the bank or insurance company are operating.

For further questions, please
call (+82) 2-539-0098 or email bongsoo@k-labor.com

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