#DC형
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Retirement
Retirement Pension Default Option (Korea) — Notice on Joining or 4 Weeks After Maturity, Auto-Invested After 2 Weeks, Redeemable Within 14 Days
In a Korean DC pension or IRP, if you have not chosen how to invest when you join, or 4 weeks after a chosen product ends, the provider notifies you; no choice within 2 weeks and your money goes into the pre-set default option. You can switch out at any time.
Calculators
DB vs DC Pension Calculator (Korea) — DB Pays 30 Days' Average Wage per Year, DC Gets 1/12 of Annual Pay; DC Wins When Returns Beat Pay Growth
Korea's Employee Retirement Benefit Security Act sets the DB lump sum at no less than 30 days' average wage per year of service and DC contributions at no less than 1/12 of annual wages. On 3 million won a month for 20 years with 3% pay growth, DB gives 105,210,363 won; DC at a 4% return gives 115,503,572 won.
Retirement
DB vs DC Retirement Pension in Korea — DB Fixes the Payout, DC Puts In 1/12 of Annual Wages, and a Pension Cuts the Tax 30–40%
Does the company invest it, or do you? Plus how IRP fits in.
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