Corporate pension system needs to be established so that the security of employees´ old age livlihood may be achieved richly through securing stable funds. To this end, it is highly required that we establish a synthetic risk managment system to efficiently cope with various risks surrounding the corporate pension and keep systems related to the vesting right in order.
In other words, above all positive support through legal and institutional provision in the aspect of financial soundness should be preceded in order to protect the vesting right of employees. Therefore, establishment of system for protection of the vesting right is not achieved through only a particular system but should be investigated on the whole in terms of systems related to the flow of the corporate pension directly and indirectly.
Accordingly, this paper studies the issue of vesting right protection relating it to regulation on annuities in terms of stability, reasonableness and fairness of the corporate pension. Besides, it grope for ways to establish a desirable future systems for the vesting right in Korea through comparing major systems related to the protection of the vesting in the United States and Japan, etc.
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