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KOR-2005-L-73389
Breadcrumb
Title_of_text
Employee Retirement Benefit Security Act (No. 7379).
Main Region
First Region
Country(ies)
Republic of Korea
Subjects (Classification)
Old-age, invalidity and survivors benefit
Adopted on (Date of text)
2005-01-27
Scope of text
National
Type of legislation (Type of text)
Law, Act
Second Region
Abstract/Citation
Provides for the establishment and operation of retirement benefit schemes for workers. Chapter 1 covers general provisions. Chapter 2 deals with severance pay system. Chapter 3 deals with the establishment of a retirement pension plan. Chapter 4 deals with retirement pension trustees and their services. Chapter 5 deals with duties of employers, trustees and the government as well as supervision of employers and trustees. Chapter 6 deals with supplementary provisions. Finally, chapter 7 deals with penalties for breaches of the Act.
Implementing Text region
Implementing text(s)
2005-08-19 (KOR-2005-L-79809)
Enforcement Decree of the Employee Retirement Benefit Security Act (Presidential Decree No. 19010).
Repealing Text region
Repealing text(s)
2011-07-25 (KOR-2011-L-113821)
Act On The Guarantee Of Employees' Retirement Benefits (Wholly Amended by Act No. 10967, Jul. 25, 2011).
Related Text region
Related text(s)
1997-03-13 (KOR-1997-L-46401)
Labor Standards Act (Law No. 5309).
Electronic region
Electronic source title
Legislation in English (as amended to 2008)
Author
Ministry of Government Legislation
Country
Republic of Korea
URL
http://www.moleg.go.kr/english/
File
KOR73389 Eng.pdf (PDF of Act in English as amended to 25/07/2011)
Monograph region
Monograph title
Labor Laws of Korea, Part II Industrial Relations and Working Standards
Author
Ministry of Labor
Publisher
International Cooperation Office
Country
Republic of Korea
Date
2007-12
Number
11-1490000-000185-10
Page range
pp. 321-338