퇴직연금 적립금 운용 효율화를 위한 한국형 디폴트옵션 도입 방안

The purpose of the retirement pension scheme is to strengthen the guarantee of old-age income in preparation for entry into an aging society. The current retirement pension system, however poses unreasonable problems in the investment of accumulated reserves. Due to population aging and low fertility rates, the domestic economy continues to low growth rate and interest rate. Despite this macro-economic situation, both types the defined benefit(DB) and the defined contribution(DC) are concentrated on short-term principal guarantee products that are at the deposit interest rate level. The short-term investment horizon and the inadequate risk return profile in retirement plans, which are long-term investment assets, result in a low expected return of 2%. This is a major cause of employee complaints about the retirement pension scheme itself. Looking at the cases of the advanced countries of the pension, we can find that they have well-designed default options that the role of an effective solution to this problem. This study suggests a proper structure of the default option that can be operated under the contract type of governance structure and how to introduce specific schemes.