Korea Investment & Securities Holds 'Retirement Pension Academy' for Companies

Korea Investment & Securities said on Oct. 12 that it had held a “Retirement Pension Academy” for retirement pension practitioners, including corporate HR and finance staff.

The event was held on Oct. 8 at TP Tower in Yeouido, Seoul, to share corporate response strategies amid the government’s push to revise the Act on the Guarantee of Employees’ Retirement Benefits and changes in labor policies.

The program consisted of three sessions focused on key issues, including the introduction of fund-based retirement pensions and mandatory external reserves for retirement benefits. It was designed to help practitioners understand changes to the system and develop response measures.

The first session, titled “A Comprehensive Revision of the Act on the Guarantee of Employees’ Retirement Benefits,” introduced ways for companies to improve the efficiency of retirement pension management following the introduction of fund-based plans, along with practical guidelines for preparing for mandatory external reserves for retirement benefits.

The second session covered changes in labor policies related to wages and compensation, as well as response strategies. It examined wage management measures in response to the expansion of the scope of labor disputes to include performance-based bonuses and other matters, and presented strategies for operating wage peak systems in preparation for discussions on extending the retirement age and an era in which people live to 65.

The final session introduced Korea Investment & Securities’ “How to Get 200% Out of Your Korea Investment Pension.” It shared solutions to key concerns of corporate executives and practical issues that arise in managing retirement pensions, and explained how to use dedicated relationship managers (RMs) who provide tailored services across corporate finance as well as retirement pensions.

Kim Dohyun, head of the Individual Customer Group at Korea Investment & Securities, said, “With the retirement pension system facing a major turning point, including the introduction of fund-based retirement pensions and mandatory external reserves, corporate managers are increasingly concerned. We will strengthen tailored consulting and practical support so that companies can respond proactively to changes in the system, and serve as a reliable retirement pension partner.”

This content was produced with the assistance of AI translation services.