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Act on Guarantee of Employees Retirement Benefits (Severance Pay)

근로자퇴직급여 보장법

Article 5 (Retirement Benefit System for Newly Established Businesses)

제5조 새로 성립된 사업의 퇴직급여제도

Ministry
고용노동부
In force
2026-07-01
Articles
68

Original (Korean)

제5조(새로 성립된 사업의 퇴직급여제도) 법률 제10967호 근로자퇴직급여 보장법 전부개정법률 시행일 이후 새로 성립(합병ㆍ분할된 경우는 제외한다)된 사업의 사용자는 근로자대표의 의견을 들어 사업의 성립 후 1년 이내에 확정급여형퇴직연금제도나 확정기여형퇴직연금제도를 설정하여야 한다.

Translation

The employer of a business newly established (excluding businesses merged or divided) after the date of enforcement of the Act on the Guarantee of Retirement Benefits, Amendment of Act No. 10967, shall, after hearing the opinion of the workers' representative, establish either a defined benefit pension plan or a defined contribution pension plan within one year after the establishment of the business.

Translation

Machine translation. The Korean text is authoritative.

Statute text is reproduced from 법제처 국가법령정보센터. This is information, not legal advice.

Act on Guarantee of Employees Retirement Benefits (Severance Pay) 제5조 — Article 5 (Retirement Benefit System for Newly Established Businesses) · Law4Kor