한국에서의 퇴직연금지급보증제도 도입에 관한 소고 = Some Thoughts on the Introduction of Pension Benefits Guarantee System in Korea

다국어 초록 (Multilingual Abstract)

The Employee Retirement Benefits Security Act of 2005 has a provision stipulating the role of government to guarantee the payment of retirement benefits from the defined benefit pension plan. In this context, this paper purports to examine developments and lessons of PBGC of the United States and PPF of the United Kingdom and to make several suggestions as to ways to introduce the similar pension benefit guarantee program in the future in Korea. In order for the guarantee program to function properly in the long run, various considerations and preparations are in order. In particular, required are the improvement of pension accounting system, fine tuning of pension funding framework, devices to control moral hazard, rules for securing adequate funding and provision of preferential tax treatment, improvement of current inadequate solvency-related supervisory regulation, independent rate-making mechanism reflecting risks of pension plans, adequate asset restriction to manage investment risk and construction of information base on investment activities of pension plans.

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