DB형 퇴직연금의 최소적립금 요구 수준 개선에 관한 연구 = A Study on the Improvement of Minimum Funding Requirement for DB Retirement Pension

다국어 초록 (Multilingual Abstract)

The primary goal of the investment policy on the defined benefit (DB) retirement pension is to protect the pension entitlement of workers by establishing profitability and stability of future benefits through asset management. The reserve funds in Korea, however, still have some problems to be improved compared to those in US and Japan. This study then raises several questions on the method of evaluating the financial soundness standard established by Retirement Benefits of the Employees Act, using the constraints of surplus shortfall risk, from a medium and long-term perspective of enhancing the pension rights of the employees. We also suggest a policy improvement to solve it.
Based on the results, the enforcement decree of the Retirement Benefits of the Employees Act regarding the standard for the deficit of funds should be eased from 95% to 90%. Furthermore, the settlement period of financial stabilization for the deficit should be differentiated based on the deficit status, which may increase the asset allocation efficiency of the company and encourage investment diversification.

참고문헌 (Reference)

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2 "한국은행"

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7 "자본시장연구원 홈페이지"

8 성주호, "리스크패러티(Risk Parity)를 활용한 확정급여형(DB) 퇴직연금제도의 부채연계투자(LDI)전략" 한국보험학회 (101) : 1-32, 2015

9 정도영, "레버리지를 활용한 확정급여형(DB) 퇴직급여제도의 부채연계투자(LDI)전략" 보험연구원 26 (26): 3-32, 2015

10 "기획재정부 사적연금활성화 대책자료"

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25 "KIS Pricing"

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