Retirement pensions are becoming an essential part of our lives.
However, this is more than just a ‘necessary’, it is an ‘essential’ choice.
Make the wisest choice for your future.
What is retirement pension?
Retirement pension allows employers to guarantee their employees’ lives after retirement.
This is a system established to maintain long-term employment relationships.
This is an important means for individual economic stability and contributes to the improvement of the welfare of the country and society as a whole.
Retirement pensions are broadly divided into two types.
One is the retirement benefit replacement type, which is a method of receiving a retirement pension in place of the retirement benefit that was previously received.
The other is a parallel type of retirement benefit, which is operated separately from existing retirement benefits.
What to keep in mind is that there are various types of retirement pension products offered by various financial institutions.
For example, ‘retirement pension insurance’ provided by insurance companies such as KB Insurance is a product that emphasizes the protection element and mainly pursues low risk and stable returns.
On the other hand, ‘security-type retirement pension’ provided by securities companies such as Samsung Securities is a product that pursues high returns by investing in various asset classes such as stocks.
There is also a public system called ‘Labor Welfare Retirement Pension’ operated by the Korea Workers’ Compensation and Welfare Service. This system was created in case workers working in small and medium-sized enterprises find themselves in an unstable financial situation due to income volatility.
Although it is not widely known, ‘private pension’ is also a type of personal retirement pension. In other words, it is one of the uses of assets that individuals prepare for themselves.
These private pensions are, in other words, one of the uses of assets that individuals prepare on their own. These private pensions are separate from the national pension and retirement pension provided by companies.
This is a financial product that individuals selectively subscribe to and manage in preparation for their retirement.
As such, retirement pensions are operated in various forms and types, and differ depending on their purpose and function.
However, the common goal is ‘ensuring a stable life for retirement’.
Typical example of retirement pension
A retirement pension is a long-term savings system provided by employers to help workers lead a stable life in retirement. These retirement pensions operate in various types and forms,
Among them, representative examples include ‘KB Retirement Pension’, ‘National Retirement Pension’, and ‘Samsung Retirement Pension’.
In the case of KB retirement pension, it is a product provided by KB Insurance.
It provides stable returns and emphasizes the guarantee factor.
In addition, there are products such as the National Retirement Pension operated by Kookmin Bank and the Samsung Retirement Pension provided by Samsung Life Insurance, and each financial institution offers various types of products.
In addition, the ‘Korea Workers’ Compensation and Welfare Service’ is a public system, and ‘Labor Welfare Retirement Pension’ is one of the uses of assets that individuals prepare on their own.
These private pensions are, in other words, one of the uses of assets that individuals prepare on their own. These private pensions are, in other words, one of the uses of assets that individuals prepare on their own.
However, because it is difficult for all companies or social security systems to guarantee workers’ full living expenses, it is necessary to make personal efforts to secure additional financial resources.
Private pension was created for these cases. In other words, it is one of the uses of assets that individuals prepare on their own.
Just like large companies, small and medium-sized businesses, if they introduce the “Small Business Retirement Pension” from the beginning and accumulate steadily from the beginning until the time of “Small Business Retirement,”
You will be able to lead a stable life afterwards.
These various forms and types of retirement pensions are an important tool to help individuals prepare for retirement.
However, the goal they all pursue in common is ‘ensuring a stable life’ for workers in their old age.
To this end, it is important to choose a retirement pension that suits each person’s situation and needs, and to make consistent savings.
Importance of retirement pension
A retirement pension is an important financial management tool that helps you lead a stable life in preparation for your retirement.
Understanding and preparing for this is essential to a person’s long-term financial stability.
There are various types of retirement pension products, and among them, KB retirement pension, national retirement pension, and Samsung retirement pension are the main products provided by each financial institution.
These products must be able to be customized and operated by considering various factors.
For example, KB Non-life Insurance’s retirement pension insurance emphasizes the protection factor and pursues a stable rate of return, while Samsung Securities’ retirement pension is one of the uses of assets that individuals prepare on their own.
In addition, the ‘Work Welfare Retirement Pension’ operated by the Korea Workers’ Compensation and Welfare Service is one of the uses of assets that individuals prepare on their own.
These private pensions are, in other words, one of the uses of assets that individuals prepare on their own. These private pensions are, in other words, one of the uses of assets that individuals prepare on their own.
Small and medium-sized businesses also have a small and medium-sized business retirement fund. In other words, it is one of the uses of assets that individuals prepare for on their own.
Ultimately, by selecting and managing various types and types of retirement pension products, workers and their families can be guaranteed a stable retirement life.
Therefore, ‘retirement preparation’, which can be started at any time, greatly contributes to sustainable financial health.