확정기여형 기업연금제도에 관한 연구

The purposes of this paper are to review the framework, classification and features on the defined contribution plans in America and Japan, and to help selection the defined contribution retirement plans of the retirement pensions that is provided law of Korean Employee Retirement Benefit Security. A defined contribution retirement plan is a type of retirement plan in which the amount of the employer's annual contribution is specified, and in which the pension benefit is not calculated in advance, but it vary in line with investment performance. In a defined contribution retirement plan, the specified contributions are made a participant's individual retirement accounts, coming from either, or both, the employer or employee and the ultimate retirement benefits depend on each worker's own contributions plus the success of the worker's investment plan. Workers who make larger contributions receive bigger pensions, workers whose investments earn high returns enjoy higher retirement incomes than workers whose savings earn poor returns. In contrast, workers participating in a defined contribution system bear many more of the risk associated with financial market fluctuations. But because a obligation for additional contribution due to deterioration of investment performance is unnecessary, this pension systems is not faced major funding shortfalls(such as a unfunded liabilities). The defined contribution plans would enhance pension portability by allowing workers to move any kind of defined contribution plan money into a conduit individual retirement accounts and then allowing this money to be rolled back into any variety of defined contribution plan. The interest or stake holders(employers, employees, and trustees) need to activate the defined contribution plan which can correspond to rapid financial market fluctuation base on consultation with interest holders.