산은매거진13

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5 years ago
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1 _January Vol. 01

3 ) )

4 2 Pension Guardian

5 Pension Guardian 3

6 Expert Column 4 Pension Guardian

( ) ( ) ( ) 1-4 2,646,122 4,753,281 30.22% 5-9 304,594 1,926,693 12.25% 10-99 225,683 5,410,851 34.40% 100-499 11,531 2,138,083 13.59% 500 1,251 1,499,120 9.53% 3,189,181 15,728,028 100.

7 ( ) ( ) ( ) 1-4 2,646,122 4,753, % ,594 1,926, % ,683 5,410, % ,531 2,138, % 500 1,251 1,499, % 3,189,181 15,728, % * % 18.8% 12.4% % 10.4% 15.0% % 16.9% 7.4% % 16.6% 13.4% % 16.8% 4.9% % 11.5% 6.5% % 12.4% 3.8% % 12.2% 1.8% 1 3/5, (GIC) 1 GIC 3/5,, ELS 1, Pension Guardian 5

8 6 Pension Guardian

9 Pension Guardian 7

10 KDB Flagship Pension Fund 8 Pension Guardian

11 Pension Guardian 9

English Column Introduction to Retirement Pension Young-Seok Oh, USCPA Analyst KDB Retirement Pension Research Center Background for Adoption Retirement pension was introduced on December 1, 2005 to

While these three pension systems complement one another to raise the quality of subscribers post-retirement lives, the corporate pension system, i.e. the severance pay plan, has displayed some weaknesses compared to those of developed countries.

12 English Column Introduction to Retirement Pension Young-Seok Oh, USCPA Analyst KDB Retirement Pension Research Center Background for Adoption Retirement pension was introduced on December 1, 2005 to replace the existing severance pay plan and strengthen the three-tier retirement protection scheme. The three tiers basically are national, corporate, and individual pension plans. While these three pension systems complement one another to raise the quality of subscribers post-retirement lives, the corporate pension system, i.e. the severance pay plan, has displayed some weaknesses compared to those of developed countries. Under the old severance pay plan, companies (employers) had no obligation to reserve fund for retirement liabilities. Under the new retirement pension plan, however, a company is obligated to reserve a certain amount of its retirement liabilities (over 60% for DB plan and 100% for DC plan) under the custody of a designated financial institution. The old plan did not offer the subscribers (employees) any option in terms of either the method of getting the retirement payment other than in lump sums, or managing their retirement payment. The newly introduced retirement pension plan is an improved version devised to tackle such shortcomings by some extent. 10 Pension Guardian

Overview of Retirement Pension Plan There are two types of retirement pension plans. One is the defined benefit (DB) pension plan and the other is the defined contribution (DC) pension plan.

13 Overview of Retirement Pension Plan There are two types of retirement pension plans. One is the defined benefit (DB) pension plan and the other is the defined contribution (DC) pension plan. Under the DB plan, the amount one receives after retirement is predetermined. For most of the DB plans introduced in Korea, the amount of retirement payment equals the average monthly pay of the latest three months multiplied by the number of employment years. The DB plan may be more suitable for those who are unable to properly manage their retirement assets. The main reason is that it is difficult for employees to make investment returns that exceed the rate of their salary growth. This is particularly the case in Korea, where the salary usually increases as the working years build up at a company along with promotions or other forms of advancement. Under the DC plan, contributions are predetermined as percentage of pay. For most of the DC plans introduced in Korea, the average monthly salary at the end of every year is accumulated in each employee's individual DC account until retirement and the employee may choose the means of investment depending on his/her taste. This may be good for those with keen investment skills and experience, whereas the DB plan might be better for those without such know-how since all of the risks involved in managing the fund are shifted to the company under the DB plan. Under the new retirement pension plan, one can choose between lump sum and annuity in receiving the retirement pay. In order to receive payment in annuity, however, one must subscribe to either retirement pension plan for more than 10 years and be over 55 years of age. When leaving a company for another workplace, one can choose either lump sum payment or a deposit into one's own IRA account, thereby deferring income tax payment until making a withdrawal from the account. The basic function of the IRA account is similar to that of a DC pension plan account. Just like the DC pension plan, the account holder may select the investment instrument for the deposit. When one's retirement payment is subject to a retirement pension plan, one can make a collateralized loan or early withdrawal from one's retirement pension account only provided that any of the following conditions is met: Retirement Pension A houseless pension subscriber buys a house. A subscriber or any of his/her dependents is under medical care for over six months. There is a justified reason (e.g. natural disaster) approved by the Minister of Labor. Pension Guardian 11

14 Investment Strategy 12 Pension Guardian

15 Pension Guardian 13

16 Investment Strategy 14 Pension Guardian

17 Pension Guardian 15

18 Investment Strategy 16 Pension Guardian

19 Pension Guardian 17

20 Special Section A short history of annuity 18 Pension Guardian

21 Age X Ulpian's table Macer's table X (i.e. between 30 and 26) X (i.e. between 25 and 21) X (i.e. between 19 and 10) 60-X (i.e. between 20 and 16) X (i.e. between 10 and 6) X (i.e. between 5 and 1) undefined Pension Guardian 19

22 Special Section 20 Pension Guardian

23 Pension Guardian 21

24 Pension & Life Do You Like Wine? Tip 22 Pension Guardian

25 Pension Guardian 23

26 Pension Guardian Pension News January 24 Pension Guardian

27 Pension Guardian 25

28 Pension Statistics (IRA) (DB) (DC) , ,314 89, , , ,368 5,020 2, , , ,590 8,485 3, ,053 13, , ,363 18,276 7,033 1, , , ,244 26,474 11,107 1,852 1,009 40, ,326 1,119,552 45,818 16,141 2,688 1,474 66, ,148 1,381,209 54,483 21,254 2,802 4,058 82, ,281 1,520,296 60,382 24,989 3,193 5,411 93, , , , ,134 7, , , ,646 1,039 13, , , ,668 3,705 27, , , ,805 1,984 40, , , ,691 4,309 66, , ,085 1,054 9,159 3,121 82, , ,076 1,139 10,368 1,673 93, Pension Guardian

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Á¶´öÈñ_0304_final.hwp 제조 중소기업의 고용창출 성과 및 과제 조덕희 양현봉 우리 경제에서 일자리 창출은 가장 중요한 정책과제입니다. 근래 들어 우리 사회에서 점차 심각성을 더해 가고 있는 청년 실업 문제에 대처하고, 사회적 소득 양극화 문제에 대응하기 위해서도 일자리 창 출은 무엇보다도 중요한 정책과제일 것입니다. 고용창출에서는 중소기업의 역할이 대기업보다 크다는 것이 일반적