Overview of Retirement Pension

RPP Rules Reporting Procedure

To adopt DB and DC systems, the company and employees should devise their agreed-on RPP rules.
The RPP rules should be reported to the Ministry of Employment and Labor after obtaining the agreement of employees’ representatives.

    • ‘Agreement of employees’ representatives?
      • The agreement of the union which consists of over a half of employees.
      • The agreement of over a half of employees when there is no such union.
  • 01Prepare documents
    • A copy of report of RPP rules
    • A copy of RPP rules
    • A copy of agreement on RPP adoption
      and RPP rules
     
  • 02Submit documents
    Submit the documents to the local employment and labor office
     
  • 03Receive an official letter
    Receive an official letter from the local employment and labor office notifying the RPP rules were reported.

Info on local labor offices by region

  • Ministry of Employment and Labor’s Consulting Center : 1350
  • MEL’s website : http://www.moel.go.kr or click Nodongmap ("노동맵") in Korean (Directions/Nodong GIS Club)

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