개인형 퇴직연금 잠재가입자의 인식 및 니즈 분석

After the amendment of the Law of Employee Retirement Income Security Act on 2011, June, the individual retirement account is revised to Individual retirement pension(IRP) and self-employes and employees are allowed to participate in the IRP. Using the survey data on self-employers and employees who are the potential participants, this study empirically investigates their knowledge and preference about various issues of IRP and we propose several policy implications. The empirical results show that although the self-employers and employees recognize the importance of secure stable income through the IRP after retired, they are unknowledable about details regarding IRP. Especially, they little know how to manage their IRP funds. For this reason, they prefer the financial service and advise related with the retirement and basic products such as life-cycle funds with default option. They also strongly prefer to receive their IRP funds as annuity rather than lump-sum on condition that enough tax-benefits are imposed on annuitizing their funds. From the empirical investigation, we propose that it is essential to provide to the self-employers with eduction about IRP and general retirement income system and reform tax-system to induce the self-employers and employees to annuitize their IRP funds. It is also necessary to unify two different retirement pension schemes, simple funds such as life-cyle funds with default options for participants who are unknowledable about managing their IRP funds.