Retirement benefit is to be paid when the employee retires.
The form of retirement benefit received when retiring is
When the employee receives retirement benefit,
Even if the above two requirements are not met, you can have annuity through the following measures.
Under the retirement pension plan, when an employee above 55 years old retires, the employee receives the retirement benefit from the retirement pension company and not from the company employed:
If the employee requests for resignation
Order retirement benefit payment
(submit the employee retirement benefit request form)
The company orders the pension service provider to pay the retirement benefit.
Sell investment products
The pension service provider sells the investment products operated in the employee’s DB or DC account
Deposit retirement benefit
It pays that amount as retirement benefit.
If any emergency funds are needed, in-service withdrawal or security loan are the only way to get money from retirement pension. In service withdrawal and security loan are only legally permitted for the following cases.