KR20070045785A - Defined Contribution Retirement Pension Operation Method and System - Google Patents

Abstract

The present invention is a contract conclusion step of contracting the commitment from the company; Subscriber management step of processing the information when the information of the retirement pension subscriber is registered, changed; A fee management step of receiving a fee from the company and managing the fee; An escalation / conduit step of handling the transfer of the subscriber to another system and the canal from another system; An asset management / operation step of establishing an asset management method and managing and operating the asset; A beneficiary management step of paying salaries and the like to the subscriber; The present invention relates to a method for operating a defined contribution retirement pension, comprising a financial settlement step of calculating and processing a fee, and a cancellation step of performing a termination or contract transfer procedure upon request from the company.

The present invention provides an efficient and competitive web-based retirement pension system by establishing a business model that can provide services that meet the characteristics of the retirement pension market and providing an efficient configuration of a server and network system for implementing the web-based implementation. To build.

Description

Management method and system for defined contribution retirement pension}

Figure 1a is a block diagram of the structure of the defined contribution type retirement pension operation model according to an embodiment of the present invention.

Figure 1b is a block diagram of a defined contribution retirement pension operation system according to an embodiment of the present invention.

2 is a functional block diagram for explaining the overall work structure of the method of operating a defined contribution retirement pension according to an embodiment of the present invention.

Figure 3 is a block diagram showing the structure of the front business process of the defined contribution type retirement pension operation method according to an embodiment of the present invention.

4 is a block diagram showing the structure of the back work process of the defined contribution type retirement pension operation method according to an embodiment of the present invention.

Figure 5 is a block diagram showing the correlation between the back business process of the method of operating a defined contribution retirement pension according to an embodiment of the present invention.

FIG. 6 illustrates criteria for creating a figure used in a work flow of FIG. 7 or below.

7 to 34b illustrate a detailed work flow for each work step of the retirement pension management method based on the back business process structure of the defined contribution type retirement pension operation method of FIG. 4.

The present invention relates to a method for operating a retirement pension, and more particularly, to a method and system for operating a defined contribution retirement pension.

As the recent aging of the population, instability of retirement of old income, and introduction of social pensions due to the limitations of retirement of the public pension system are required, the existing retirement allowance system is improved to allow workers to receive a fixed amount after retirement in lump sum or pension form. The legislation of the possible retirement pension system is being promoted.

The retirement pension system generally refers to a corporate welfare system in which a company accumulates retirement benefits to a separate financial institution during employment to guarantee employees' old-age income and pays them in lump sum or pension form when the employee retires.

The retirement pension system currently being promoted can be divided into Defined Benefit (DB) and Defined Contribution (DC). The defined benefit retirement pension system is a pre-determined retirement benefit that a worker will receive upon retirement. An enterprise must pay contributions to financial institutions on a regular basis to pay the promised retirement benefits upon retirement. On the other hand, the defined contribution retirement pension system is that the company's contribution is pre-determined as a percentage of the salary, and the company regularly deposits the predetermined contribution in the employee's individual account. According to the results, future retirement benefits vary.

This retirement pension system includes: (i) companies that pay contributions; workers who are beneficiaries of retirement pensions; ii) asset management agencies that design and record retirement pensions; and iii) asset management to receive and manage retirement pensions and pay retirement benefits. It has a basic structure composed of institutions.

However, only the basic structure described above is proposed at this time when the retirement pension system is not implemented, and a system that can efficiently operate it on a web basis has not yet been established.

In order to build a more efficient and competitive web-based retirement pension system, it is necessary to establish a business model that can provide services that meet the characteristics of the retirement pension market, and to efficiently configure and design a server and network system to implement the web-based retirement pension system. need.

Therefore, the present invention is to provide an efficient and competitive web-based retirement pension operating method and system.

The defined contribution retirement pension operation method according to the present invention for achieving the above technical problem,

A contract conclusion step of committing a contract by committing a contribution from an enterprise; Subscriber management step of processing the information when the information of the retirement pension subscriber is registered, changed; A fee management step of receiving a fee from the company and managing the fee; An escalation / conduit step of handling the transfer of the subscriber to another system and the canal from another system; An asset management / operation step of establishing an asset management method and managing and operating the asset; A beneficiary management step of paying salaries and the like to the subscriber; A financial settlement step of calculating and processing a fee; And receiving a request from the enterprise, characterized in that it comprises a cancellation step of performing the procedure of cancellation or contract transfer.

Meanwhile, the method of operating the defined contribution retirement pension according to the present invention includes basic and attribute information, company information, product information, and plan information of an operation management institution, an asset management institution, and a product information provider that have an agreement with a records management institution. There is an additional information management step to register,

The preliminary information management step may include: an institution information management step of registering attribute information of an operation management agency, an asset management agency, and a product provider in a protocol agreement with a record management agency; A product information management step of registering product information provided by the product provider; A company information management step of changing and registering information of the company; And it may include a plan information management step of registering the plan information is confirmed pension agreement.

In addition, the subscriber management step of the defined contribution type retirement pension operation method according to the present invention, subscriber information registration step of receiving the subscriber information from the company or the subscriber; Subscriber attribute information management step of managing the leave of absence, retirement, and other information change of the subscriber; A charge registration changing step of registering, registering, changing or stopping the personal contribution by the subscriber and registering with the records management institution after approval of the company; A subscriber change processing step of extracting a wage revision target person from the records management institution, notifying the company of wage revision and registering the revision information; A bond foreclosure management step of reflecting a foreclosure order in which the subscriber is a debtor; And it may include a loan information management step of managing the loan application of the subscriber.

In addition, the levy management step, the levy contact step is that the levy information is provided to the asset management institution from the record management institution; And a charge deposit step of managing a charge deposit from the company.

In addition, the escalation / water supply step, the system transfer step of processing the transfer of the subscriber to the other system; And a system crowning step of processing a crown of new subscribers from another system.

The asset management / operation step may include an operation method / ratio registration step of presenting an operation method and a ratio of the pension asset, and registering / modifying the pension asset, and an operation step of managing and operating the pension asset.

In addition, the beneficiary management step, the subscriber withdrawal request intermediate withdrawal, the operation management agency to review the middle withdrawal application step; A withdrawal payment step of processing the selling instruction, the withdrawal amount settlement and the payment instruction when the application is confirmed; A salary application step in which the subscriber applies for salary and the management agency examines it; A salary payment step of processing a sell order, a lump sum or a pension amount, and an order for payment when the application is confirmed; And a corporate refund processing step of returning the overpayment of the levy to the corporation.

In addition, the cancellation step, the abolition / cancellation application step of abolishing or canceling the pension system received from the company; And it may include a contract transfer step of changing to another system in response to the request from the company.

On the other hand, the defined contribution retirement pension operation method of the present invention, the subscriber or the manager of the company may further include a front step of receiving or providing the pension-related information. The front step may include a subscriber service step in which the subscriber inquires or receives pension related information; A corporate manager's business step in which a manager of the corporation inquires or receives pension related information; It may include a call center step of performing consultation or response to pension-related information.

The defined contribution retirement pension operation system according to the present invention for achieving the above technical problem,

In the retirement pension management system including subscriber / recipient terminal, corporate administrator terminal, records management server server, operation management server server, asset management server server, and product provider server, a contracting means for contracting by arranging a burden from the enterprise ; Subscriber management means for processing the contents of the retirement pension subscriber's information when it is registered or changed; A fee management means for receiving a fee from the company and managing the fee; Escalation / conduit means for handling the transfer of the subscriber to another system and the canal from another system; Asset management / operational means for determining how assets are to be managed and for managing and operating the assets; Recipient management means for paying the salary, etc. to the subscriber; Financial settlement means for calculating and processing a fee; And a termination means for performing a procedure for termination or contract transfer upon request from the company.

In addition, the defined contribution type retirement pension management system of the present invention for achieving the above technical problem, the subscriber terminal; Corporate manager terminal; An operation management agency that introduces operational products and operation methods to customers and performs operation management tasks related to the maintenance of contract results; A recordkeeping authority that records, stores, receives notices of all subscribers, and receives management instructions, and records management service for records and assets management; An asset management agency that conducts asset management on assets that the employer in charge of retirement pensions should cover their salaries; And a product provider for presenting a product for the management of the retirement pension asset and managing the product.

In addition, the record management authority, Web server / WAS (Web Application Server) for the application; An external server in charge of an interface with the operation management institution, the asset management agency, and the product providing agency; DB server to build a database; And a communication network connecting the servers.

In addition, the records management organization may further include a development server for system development connected to the web server / WAS by a test network.

Hereinafter, preferred embodiments of the present invention will be described in detail with reference to tables and drawings. Reference numerals shown in each drawing have different meanings in each drawing. Therefore, reference numerals of tables inserted in the description of each drawing are also meaningful only for the corresponding drawings.

Figure 1a is a block diagram showing a business process model of the defined contribution retirement pension in accordance with a preferred embodiment of the present invention.

The method of operating the defined contribution retirement pension is basically applied to the operation management service including operation management service and records management service.

Operational management includes the selection and presentation of operational methods and the provision of information related to such operational methods.The records management service involves the recording, preservation, notification of the matters concerning pensioners and pension managers, the arrangement and notification of operational instructions, and salaries. Finance of the right to receive.

The defined contribution retirement pension service structure consists of joint records providers (joint records management institutions), participating financial institutions (operation management agencies) that are management-related retirement pension companies, and asset management retirement pension companies such as trust banks, life insurance and non-life insurance ( Asset management agencies) and product providers and user groups such as banks, securities, life insurance and non-life insurance, which may be subscribers / recipients and companies. They use the system of the Pension Joint Records Management Center using the Internet.

In FIG. 1A, the role of each participating organization is as follows.

The management agency 1) selects the management products and presents them to subscribers, 2) provides information on the management products (Internet and call centers, etc.) 3) investment training (internet and visiting training, etc.), 4) recommends to join and introduce the system. , 4) contracts and trade-offs for management-related business with business owners, individuals, records management agencies, product providers, etc. 5) receipt of application for registration and institution registration, 6) receipt of various changes, 7) confirmation contribution Collection of fees related to the pension service (receipt of fees from employers, subscribers, and commodity providers and payments to records management agencies, etc.) 8) Other duties shall be performed.

The records management agency shall 1) record, preserve and notify the subscriber's name, address, personal assets and other matters related to the subscriber, and 2) receive, record, preserve, and manage the management of the subscriber's instructions. Notify the institution, 3) record and manage personally managed asset accounts, and 4) redefine the right to receive benefits.

The asset management institution shall: 1) manage operations based on operational instructions from management and record-related operations management agencies relating to the management of reserves, and 2) deposit bank accounts, securities, and the like in accordance with contracts relating to the management of reserves. 3) To carry out duties such as affairs on payroll, payroll affairs based on the payroll finance of the records management institution.

The commodity provider shall perform the following tasks: 1) provide management products, and 2) provide information on the management products.

The main tasks handled by the Joint Records Management Center (RK Center) are: 1) "operational management agency linkage" processing tasks linked to the RK Center for the system registration / management of the operation and management institution consisting of participating financial institutions, and 2) the user group. "Front" processing service where individual and corporate users register various information and check the processing status, and 3) "Call Center" processing service that includes call center function to handle various guidance / consultation work from company and subscriber. 4) “common management functions” management tasks for system utilization and management and external access management.

2 is a functional block diagram for explaining the overall work structure of the defined contribution type retirement pension operation method according to an embodiment of the present invention.

The present invention proposes a business process model of the integrated concept of DC type and IRA type. An individual retirement account (IRA) is a savings account set up by a person who has received a lump-sum benefit from a retirement benefit, etc., set up for the retirement pensioner in order to accumulate and receive the payment. In the case of a business that uses less than 10 permanent employees in addition to the above-mentioned personal IRAs, there is an enterprise-type IRA, a retirement benefit plan that allows an employer to set up a personal retirement account with the consent of the employee representative. It is similar in form to the DC contribution plan.

The retirement pension process of the present invention is divided into a DC type and an IRA type of retirement pension system, and the IRA task is defined by dividing it into a corporate IRA and a private IRA. Each DC type and IRA type is a 'front sector' process that directly relates to customers (subscribers / company managers, etc.) and a 'back sector' process that handles pension business by receiving information from customer contacts and each player. Can be distinguished.

3 and 4 are block diagrams illustrating a front business process structure and a back business process structure of the method for operating a defined contribution retirement pension according to an exemplary embodiment of the present invention. 5 is a block diagram showing the correlation between the back business process of the method of operating the defined contribution retirement pension.

As shown in FIG. 3 and FIG. 4, the front business process structure is composed of a unique task and a common task structure for each play, and the back business process structure is composed of six main processes. The relationship between the 'Back sector' process shown in Figure 5 is based on the process that is linked to the business process and the process utilizing each business process result.

 The front sector process is linked to the back sector, and the actual retirement pension operation process becomes the 'back sector' process.

As shown in Figure 4, the retirement pension operation method according to an embodiment of the present invention is preliminary information management (1), contract conclusion (2), subscriber management (3), contribution management (4), transfer / water pipe (5), asset management and operation (6), beneficiary management (7), financial settlement (8), termination (9), front (10) steps.

The preliminary information management step (1) is a step of registering basic and attribute information, company information, product information, and plan information of a management agency, an asset management institution, and a product information provider that have a fixed agreement with a joint records management institution. Organization information management (FIG. 7), product information management (FIG. 8), corporate information management (FIG. 9) and plan information management (FIG. 10) may be included.

The contract conclusion step (2) is a task of receiving a new contract document from a company and performing a contract procedure (Fig. 9). As a result of this contract, pension system operation management duties are started.

The subscriber management step (4) is a business step of processing this information when the information of the retirement pension subscriber is registered and changed. Subscriber management step (4) is subscriber information registration (Figure 12), subscriber attribute information management (Figure 13), personal contribution registration change (Figure 14), subscriber change processing (Figure 15), bond foreclosure management (Figure 16) and loan Information management (FIG. 17) may be included.

Charge management step (4) is a step to provide the company's payment information and the charge is deposited, it may include a charge contact (FIG. 18) and a deposit (FIG. 19) step.

The transfer / delegation step (5) is a transfer registration, asset sale and remittance at the transfer of registered subscribers, and the registration, purchase and deposit of customs at the retirement or relocation of subscribers. Escalation / crowning step (5) may include the system transfer (Figure 20) and the institutional commission (Figure 21).

Asset management / management step (6) is a step of registering and operating the operation method and ratio of the pension asset, it may include a management method / ratio registration step (Fig. 22) and operation step (Fig. 23).

Recipient management step (7) refers to the step of applying for and paying benefits or, in certain cases, applying for and paying a withdrawal. The beneficiary management step 7 may include a middle withdrawal application (FIG. 24), a middle withdrawal payment (FIG. 25), a salary application (FIG. 26), a salary payment (FIG. 27), and a corporate refund process (FIG. 28). .

The financial settlement step 8 consists of a fee processing step (Fig. 29) for calculating and processing the operation management fee.

Termination phase (9) is a process in the case of abolishing the system or changing the pension system to another system due to the bankruptcy of the enterprise, and may include a system abolition / cancellation application stage (Fig. 30) and contract transfer (35) stage. .

The front step 10 is a process for providing pension-related information, training, and guidance to a customer (subscriber / recipient or company), and includes a subscriber service (FIG. 32), a corporate manager (FIG. 33), and a call center (FIG. 34). It may include a) step.

The detailed process of each step will be described later.

Figure 1b is a block diagram of a retirement pension operation system according to an embodiment of the present invention.

1A may be provided as the RK system configuration of FIG. 1B, and other organizations may be provided as existing servers of each organization connected through the network with the RK system.

FIG. 1B is a web-based system having an n-tier structure for constructing a joint record management system (R / K system), particularly in the retirement pension operation model of FIG. 1A.

The main target of the retirement pension joint record management system is the external server 106, which is responsible for the interface between the web server / WAS 102 for the application and each participating organization 108. And the DB server 104 to build the database.

In addition, the R / K system may include a development server 110 for system development, a backup server and a job management server 104 for overall system operation management.

Here, the DB server, WAS, and external server may be provided as a partitioning configuration of one main operating server. In addition, two main operation servers can be configured and DB server, WAS, and external server can all be duplicated to provide high availability.

The interface with each participating organization 108 establishes a separate external server 106.

The interface types are online and file transfer. The online method can accommodate both Web Services using Simple Object Access Protocol (SOAP) and eXtensible Markup Language (XML), and existing TCP / IP or X.25 and Plain Text methods. The transmission and reception of files is established by applying the existing cabinet system, and a batch transfer system may be utilized when the cabinet system is not available among participating organizations.

In FIG. 1B, between each configuration server or between them and a network may be connected to an L4 switch, a firewall, and a switching hub (S / H).

For a network configuration, referring to FIG. 1B, the network configuration may be connected to the Internet network using the existing financial settlement agency Internet network 100.

The network configuration for R / K system construction can basically utilize the existing network infrastructure, that is, the KFTC network infrastructure. L4 switches and switching hubs are introduced to connect to existing network infrastructure. In this case, the new network configuration may be provided in compliance with the network composition principle of the KFTC.

Since most KFTC network infrastructure is built at 100M level, it is necessary to support 100M for existing network connection and consider scalability to Giga level in the future. And, in the case of a newly configured network can support the Giga-class.

Server-to-server communication is performed by providing a bi-directional network interface for each server according to the KFTC's network composition principle. That is, if you need to communicate with web server or DB server like WAS, you need to add each Ethernet card to communicate with each server.

In addition to the existing network equipment support (100M support), as well as 100M support, the server's Ethernet Card can be equipped as a 100 / 1000M TX support model for future Giga-class support. New network components will be built at Giga level. The newly introduced network equipment and the Ethernet card of the server to be connected to the equipment may be provided as a 1000Base SX support model.

The network interface of the web server 102 connected to the existing Internet firewall and the WAS 102 connected to the DB Zone is equipped with a 100/1000 M TX supporting Ethernet card that can be extended to 1000M in the future. S / H (Switching Hub) supports Gigabit by adopting CISCO 3550 device from CISCO, for example, 1000Base-SX-enabled device, and web server and WAS network interface connected to 1000Base-SX-enabled Ethernet Card. It may be provided by mounting.

After the firewall in the DB area 104, a DB server, a backup server, and a job management server are connected. This network segment also utilizes the existing infrastructure, so each server is equipped with a 100 / 1000M TX capable Ethernet Card.

The external server 106 of the R / K system may also be connected through the external network 108 of the KFTC. In the case of an external firewall, a new one is introduced to protect external servers from the outside. The connection between the L4 and the external server connected to the new firewall is via Gigabit via a 1000Base-SX enabled Ethernet Card. In addition, since the external server is connected to the existing switch hub between the WAS 102 and the DB area 104, the external server is equipped with an Ethernet card supporting 100 / 1000M TX.

FIG. 6 illustrates criteria for creating a figure used in a work flow of FIG. 7 or less. Hereinafter, the processing procedure will be described in detail based on the drawing creation criteria of FIG. 4.

Tables 1 to 4 below describe the definitions of terms to be used in the present invention.

Terms Explanation Membership period The period of service provided by the place of business after the establishment of the retirement pension and the period of work provided before the establishment of the retirement pension may also be the period of participation. Subscriber Workers who have joined the retirement pension or have set up an individual retirement account (IRA) Subscribers, etc. In the retirement pension, it refers to subscribers and managers. Loss of membership The subscriber who joins the retirement pension system is disqualified due to various reasons (expiration of retirement age, premature death, retirement). After loss, it will lead to charges, and in the case of DB, it will be excluded from the regular charges guide. Subscriber List It is a list of basics of workers belonging to workplaces with retirement pension. (Matters necessary for the name of the member, date of birth, acquisition of membership, date of loss, business name, and other benefits calculation) Cancel subscription A person who joins the retirement pension system cancels his / her membership for various reasons. If the month in which the date of loss falls is the same as the month in which the date of loss falls, it is said to be canceled. Individual Retirement Account (IRA) A savings account set up by a retirement pension service provider in order to accumulate and receive the amount received by the person who received the lump-sum benefit of the retirement benefit plan Continuous working period Period during which a company pays retirement charges by continuing to work for a company without taking a leave of absence or retirement. Contract transfer It refers to the transfer of pension assets between asset management agencies as the share of the asset management institution's pension assets is changed at the request of the corporation. Past Service Debt (PSL) Debt amount corresponding to working period before joining retirement pension-Amount by deducting the sum of the standard contribution and the present value of the standard contribution from the present value of the expected cost of salary Retirement Benefit Guarantee Act A law aimed at contributing to the stable retirement of workers by establishing the necessary matters for the establishment and operation of workers' retirement benefit plans. salary The benefit is paid when the conditions specified for pensioners or lump-sum beneficiaries are paid to workers under the retirement benefit system. There are two types of benefits: monthly pensions (old-age pensions and disability pensions) and lump-sum payments (withdrawal lump sums, obstacle payments, and lump-sum payments). Record management Recording, preservation, and notification of the names, addresses, standard benefits of other subscribers, other matters related to subscribers, etc. Notified to the asset management or operation management agencies instructed by the subscribers and their contents Record keeping agency Refers to an organization that manages all matters of subscribers, including receipt of records, custody, notification, and operation instructions, and notification to records and asset management agencies. Enterprise IRA In the case of a business using less than 10 regular workers, the employer is deemed to have set up a retirement benefit plan if the employer has agreed to the employee's representatives to set up individual retirement accounts. Card It is a basic repair table for calculating the levy, and an intermediate calculation process for calculating the retirement rate and promotion rate. Reference price It is the price calculated by the daily valuation of stocks, bonds, beneficiary certificates, etc., which is the standard price for asset valuation. Old age pension One of the pensions in retirement pensions. A pensioner can apply for benefits when he or she is 55 or older and has 10 years of eligibility.

Terms Explanation Collateral provision If the Minister of Labor recognizes that it is unavoidable to provide security such as homelessness for a non-homeowner, more than six months of care for a member or dependent, and other natural disasters, the subscriber shall secure the provision of his / her own assets as collateral for the loan. Says Supplementary fee Contribution calculated to pay salary for past service Levy The amount paid by employers and members who join the retirement pension plan Nonpayment Due to lack of balance, the original levy was not received. Levy refund It is the act of returning the amount equivalent to the amount paid. Lump sum The lump sum payment based on an application from a survivor, etc., in the case of the death of a subscriber or the like. Office of trust agency financial institution We say engine doing the next duties from business owner performing DB type pension. Office work about management of reserves Bank account related to contract about management of reserves, office work about custody of securities equivalent to others Product Provider Organizations presenting products for the management of retirement pension assets and managing the products Requirements In order to receive pensions and lump-sum payments, the pension must be paid to a member who is at least 55 years of age and 10 years of membership, in which case the pension must be at least 5 years. Lump sums are paid to members who do not meet the pension eligibility requirements or who wish to receive lump sum payments. Beneficiary A person who is entitled to receive retirement pension benefits. water tube Receiving the transfer of "personal assets" and "records of matters relating to subscribers" between the IRA pension and DC-type and DC-type pensions. Switching The process of transferring a pension asset of a product to another product in the asset management institution at the request of the company. Estimates The company's pension rules and employee rolls are used to calculate the appropriate levy for the company. Credit bureau An institution that manages and maintains the credit status of individuals and companies / nationals based on the credit scores of individuals and companies / nationals resulting from various financial activities such as loans and credit card use. Pension A fixed amount paid each year over a period of time or life Pension actuarial A repair organization that ensures that a large amount of pensions are paid fairly and reasonably over time, while keeping the actual burden of the levy as little as possible. To calculate the cash flow of pension products and various rates (death rate, refund rate, termination rate, etc.) Pension system A system that pays a certain amount of money every year for the security of the parties and survivors due to obstruction, old age, and death. A planned interest rate As of the end of December of the previous year, the lower of the last 12 months average yield and the last 36 months average yield of the 3-year KTB, 1.00 percentage points are added or subtracted

Terms Explanation Projected Unit Credit (PUC) Retention reserve calculated by calculating the present value of the current subscriber's total working period as the estimated benefit obligation as a ratio of the total working years to the corresponding working period. Operation Management Agency A person who is registered as a retirement pension business owner in order to introduce the management product and operation method to the customer and perform all operation management tasks from contract conclusion to maintenance (refer to Article 14 of the Employee Retirement Benefit Guarantee Act) Operation Management Introduce operation products and operation methods to customers, and support all tasks from contract conclusion to maintenance. Providing information on how to operate reserves and information for each user or subscriber, design pension plans and pensions, record, keep and notify reserve operation status, and the method of operation selected by the user or subscriber as provided in Article 16 (1); To deliver to retirement pensioners who carry out management duties, and other duties prescribed by Presidential Decree for the proper performance of management management tasks. Operating ratio DB-Investment ratio by product operated by the company DC-Operating ratio designated by the subscriber for stocks, beneficiary certificates, bonds, time deposits, insurance products, etc. Investment product It is product (method of operation) running with contribution paid so far. Return on investment Return on the product obtained through asset management Operating instructions When the user selects and decides the amount according to the product management method and operation ratio suggested by the management agency, the management agency instructs the asset management institution about the product operation method and operation ratio by using the RK system. Principle Sum of principal and interest Principle Guaranteeing principal and interest at maturity at specific rates Risky assets Assets determined by the Financial Supervisory Commission that investment risks are high among management methods Compared to the term deposits, stocks and derivatives are assets that are not guaranteed in the future and are likely to cause losses on investment principals (with relatively high VaR values). Escalation The transfer of records of matters pertaining to individual assets and subscribers between the IRA pension and DC pension, DC pension and DC pension. Lump sum One of the forms of levy. Recipients and their survivors, such as subscribers who meet the payment conditions, may receive all or part of the levy. certification achievement To join the retirement pension system and to qualify for the contribution. Asset Management Agency A person who registers as a retirement pensioner in order to perform asset management on an asset that is to be paid for by the employer of the retirement pension. (See Rule 14 of the Retirement Benefit Security Act) Asset Management Presidential Decree for the purpose of the establishment and management of accounts, the receipt of contributions, the storage and management of reserves, the implementation of the management instructions for reserves delivered by retirement pension companies, the payment of salaries, and other proper management of assets. Business to establish Disability burden It is one of the contributions of the retirement pension system, and the Retirement Pension Convention allows the recipient to receive all or part of it as a lump sum.

Terms Explanation Financial settlement It is to verify whether or not the actual reserve maintains a certain level of liability reserve at the end of each contract date or at the end of the business year. Financial method How to prepare resources to pay contribution such as pension or lump sum Reinvestment Investing an amount from an expired investment back into a product of the same class Mortgage The object provided by the creditor as collateral for the bond without transferring its possession from the debtor or a third party. savings Funds accumulated by the employer or the member incurred contributions to pay benefits when the reason for payment, such as retirement of the subscriber, occurs. How to reserve According to the management methods and standards prescribed by Presidential Decree. The management of reserves is based on the premise of operating with the products provided, and the change in the management method of reserves should be possible at least once each quarter. Normal Cost NC The amount paid to all employees to pay for the retirement pension during the period from joining the retirement pension until retirement. Middle withdrawal If the Minister of Labor admits that security is inevitable, such as purchase of a house, more than six months of care for a member or dependents, and other natural disasters, withdrawal should be allowed midway when the reasons prescribed by Presidential Decree arise. Payment instructions In the event that a member applies for benefits (lump sum, withdrawal, pensions, etc.), the joint records authority instructs the asset management agency to pay the member a specific amount. Diagnosis Based on the trial data, it is to forecast the number of people / salaries / retirement trends, reserves, expenses, and taxes for the future (20-30 years). Pledge Collateral received by the creditor from the debtor or a third party (the property guarantor) as collateral of the bond Responsibilities At the end of the fiscal year, the amount deducted the expected present value (deposited assets) of the contribution income from the present value of the estimated amount of expenses for salary (current amount to be accumulated). Handling Financial Institutions Organization that receives and manages various documents from subscribers and companies Lump-sum withdrawal It is a lump sum payment for leaving the retirement pension system. Total To add up the total membership period or expiration period Total Period Period that adds up IRA pension subscriber period and DC type pension subscriber period. For DB, the total period when the company transfers to IRA after retirement. Special contribution Charges calculated to cover the current reserve level to meet the minimum reserve level to ensure fiscal soundness Retirement benefit plan Retirement Payment System and Retirement Pension Plan Retirement Pensioners A person who has registered to perform retirement pension operation and asset management Retirement Pension Subscriber Period The period of time you are a member of the superannuation pension. The calculation shall be based on the month, and the calculation shall be made in this month from the month in which the qualification is obtained to the month before the month in which the qualification is lost. Average wage Average amount of wages paid over a period of time (mostly monthly) in a group Standard burden Contribution calculated for benefit payments for future service life flan A retirement pension agreement that a company has with retirement pensioners, which allows the company to have multiple plans at the same time Present value The value of the future, calculated as present. Also called the prefecture. Defined benefit retirement pension Retirement pension with a pre-determined level of benefit for workers Defined Contribution Retirement Pension Retirement pension, in which the level of contribution borne by the employer for the payment of the salary is determined in advance.

Hereinafter, the work flow of each step will be described with reference to the accompanying drawings focusing on the "back sector" business processing structure of the method for operating the defined contribution type retirement pension of FIG. 4.

7 is a workflow of the organization information management step in the preliminary information management (1) step.

The institutional information management stage is the process of registering basic and attribute information of the records management agency (RK center) and the operation management agency, asset management agency, and product provider that the agreement has been concluded with. After the pre-registration application is completed and sent to the RK center by the management management institution, asset management institution, and product provider, the RK center registers the information of the management management institution, asset management institution, and product provider and confirms the registration result information. And the notice of completion of registration to the operation management agency, the asset management agency, and the product provider.

The work processing procedure for the work flow of FIG. 7 is shown in Table 7 below (Tables 5 and 6 are omitted).

NO Task name Detailed business process One Prior application document sent ① Each participating organization shall fill out an application form (registration / change) and send it to the joint records management institution by mail. ▶ Product Name: Application Form (Registration / Change) 2 Advance application documents ① The RK Center will accept the application form for each participating organization sent by post. 3 Unresolved Requests and Corrections ① The RK Center receives the application form from each participating organization and checks the contents of the documents (required items). ▶ Product Name: Application Form (Registration / Change) 4 Institution registration ① The RK Center registers the items listed in the received application on the Institutional Management screen. ② Upon completion of the registration of institutional information, a notice of the completion of institutional registration will be sent to the relevant institution by mail. ▶ Product Name: Institution Information Management Screen 5 Receive notification of completion of organization registration ① Participating organizations shall receive and keep a notice of completion of institution registration by mail. ▶ Product Name: Notification of Completion of Organization Registration 6 Application ID Registration ① The operation management agency shall apply for ID registration by the person in charge after the institution registration application is completed.

8 is a work flow of the product information management step in the prior information management step (1).

This is a step of registering information on the product provided by the product provider. The information on the product is registered directly by the management agency, and the management agency notifies the product provider directly of the completion of registration of the product information.

The work processing procedure for the work flow of FIG. 8 is shown in Table 8 below.

N0 Task name Detailed business process One Prior application document The commodity provider which has entered into a commission / consignment agreement with the management agency prepares the product information registration application provided and mails the completed application to the operation management agency. 2 Prior application documents The management agency receives the product information registration application form from the product provider. Check the contents of the documents (required items), and if the result is incomplete, receive the revised application form from the product provider. However, we do not accept applications for products traded directly through the market, such as stocks and bonds. ▶ Product Name: Product Information Registration Application 3 Incomplete resolution request, correction and registration request The management agency receives the product information registration application form from the product provider. Check the contents of the documents (required items), and if the result is incomplete, receive the revised application form from the product provider. However, we do not accept applications for products traded directly through the market, such as stocks and bonds. ▶ Product Name: Product Information Registration Application 4 Stock and bond product information The Securities Depository Korea provides stock and bond information to a joint records management agency. The contents provided are the item code and the item name. The content is written in full text and delivered to the RK center and reflected daily. ▶ Product Name: Product (Stock, Bond) Information 5 Product Information Registration (Input)  The operation management agency and the RK center register the items listed in the received application on the product information registration screen. When registering a product, the product code is numbered. The code is managed according to the operations management agency-assessment agency, and even if the same product is provided by one product provider, it is treated as a different product. The commodity code is a management agency code (4), a product type (3), a year of registration (2), and a serial number (3). Types of commodities include time deposits, beneficiary certificates, stocks, bonds, insurance, and pensions. In the DB type system, only the regular deposits and beneficiary certificates can be traded. In particular, pension products are products that are sold when there is a reason for payment. (DB, DC same) ▶ Product name: product information management screen

6 Data processing  Items related to product information: 'purchase commitment days', 'purchase settlement days', 'sell contract days', 'sell settlement days', and 'transaction report date' information, and all registered products have calendar dates Write the date assuming the sale at the time point. 7 Product information registration completed  If registration is completed normally, product registration is completed. The registered product information is transmitted to the asset management agency and the product provider. ▶ Product Name: Product Information 8 Product registration information  The asset management institution and the product provider receive the product registration contents received from the RK center. ▶ Product Name: Product Information 9 Product registration completion notice sent The operation management agency shall send the product registration completion notice by mail to the product provider. ▶ Product Name: Product Information Registration Notice 10 Receive Notification of Product Registration Completion The commodity provider shall receive and keep the notice of completion of registration. ▶ Product Name: Product Information Registration Notice 11 Reinvestment Target Selection The RK Center completes the selection process for the product to be reinvested and sends it to the product provider. ▶ Product name: Reference price, interest rate information, reinvestment information 12 Provide standard price, interest rate, reinvestment information (1) The commodity provider shall transmit the standard price, interest rate, and reinvestment information for each commodity to the operation management organ. ▶ Product Name: Reference price, interest rate information, reinvestment information 13 Base price, interest rate, reinvestment information management The management agency manages the base price, interest rate, and reinvestment information. ▶ Product Name: Reference price, interest rate information, reinvestment information 14 Reflect base price, interest rate, and reinvestment information The management agency delivers the base price, interest rate, and reinvestment information to the commodity provider; however, it may be omitted if the asset management institution and the commodity provider are the same. ▶ Product Name: Reference price, interest rate information, reinvestment information

9 is a business flow of the enterprise information management step in the prior information management step (1).

The company information registration process receives the application information from the company at the management management institution, and registers the company information (property / pension / account information, etc.) directly or through the operation management institution at the company. There are two cases of receiving a certificate from the joint RK center and sending it to the joint RK center.After receiving approval from the joint RK center for the company information registered at the two RK centers, the company manager's ID / PW is given to the corporate manager via the management agency. Notify

The work processing procedure for the work flow of FIG. 9 is shown in Table 9 below.

NO Task name Detailed business process One Fill out and send company information (registration / change) application form  The enterprise shall prepare an application form on the registration and change notification of the company information and send it to the management agency along with the necessary documents. When filing a pension agreement report from a management agency, two copies of the application form are required. ▶ Product Name: Application Form (Registration / Change) 2 Application and Inspection  The manager in charge of the management agency receives and checks the documents. -Preparation of related documents and review of contents If there is any deficiency after reviewing the documents, notify the company by wire to supplement the documents and contents. ▶ Product name: company information (registration / change) application form 3 Registration and change of company information  The manager in charge of the operation management agency and the RK center registers and changes company information. Print and store the details of company registration / modification. ▶ Product Name: Corporate Information Management (Screen) 4 Data reflection  The joint records management agency processes the company information and forwards the contents to the asset management authority. ▶ Product Name: Corporate Information Agency Notice 5 Application for company manager membership  When the company information registration is completed, the company manager proceeds through membership registration. 6 Reflecting company information  Wealth management agencies manage the content of corporate information.

FIG. 10A is a work flow related to plan registration in the operation management institution during the plan information management step in the prior information management step (1).

In the same way as the company information registration, the plan information registration process receives application documents from the operation management agency, registers directly with the operation management institution, or sends the application documents to the joint RK center, which can be registered at the joint RK center. After approval by the joint RK center for the plan system information, the company manager's ID / PW is given and notified to the company manager through the operation management agency, and the registration result notification is sent to the asset management agency and the product provider.

The processing procedure for the work flow of 10a is shown in Table 10a.

NO Task name Detailed business process One Application documents and application documents  In the case of firms that have been confirmed to be enrolled in the system, the application form for the defined contribution retirement pension, company information (registration / change) and plan (registration / change) should be completed and mailed to the operation management institution. The management agency receives the defined contribution pension provision (copy), company information (registration / change), and plan (registration / change) application form, and checks the contents of the documents (required items). Resubmit a revised application from the company. ▶ Product Name: Application for Plan (Registration / Change) 2 Plan Information Registration Processing  The operation management agency registers the basic information of the plan, the management products by plan, and the fee by plan in the plan information registration. When the plan information registration is completed, the screen is checked to determine whether there is an abnormality. On the Plan Information List Search Screen, you can query the pre-registered plan information. To add a management plan by plan, you can add a management product on the Add a plan by plan screen. In case of corporate IRA and private IRA, the management management agency registers representative plans for corporate IRA and private IRA on the IRA representative plan information registration screen.When registering an IRA plan, select and register the registered IRA representative plan and the IRA representative plan information is IRA. Representative plan information can be viewed on the inquiry list screen. ▶ Product name: 1. Plan information registration, 2. Plan information list lookup, 3. Add a product by each plan, 4. IRA representative plan information registration, 5. IRA representative plan information list inquiry 3 Request for correction and correction  If the contents of the application and the contents of registration are incorrect at the time of registration, please correct them. If an error occurs during registration, the company representative will be notified by phone to receive the revised application. 4 Approval completion update processing  If the registration is completed normally, the record management agency performs the approval update process and registers the information. Once the plan is registered, the plan information is sent to the asset management agency and the product provider. You can search the registered plan information in the plan information list inquiry screen. ▶ Product Name: 1.Plan information information 2.Plan information list inquiry 5 Registration completion notice  When the management agency has completed the approval from the records management agency, the management agency inquires on the plan information list inquiry screen and prints the registration completion and plan setting notices and sends them by mail to the enterprise, asset management agency, and product provider. ▶ Product Name: Notice of Completion of Registration and Plan Setting

FIG. 10B is a work flow related to plan registration in the record management institution during the plan information management step in the prior information management step (1).

Register the plan information of the system where the pension agreement has been confirmed.

The work processing procedure for the work flow of FIG. 10B is shown in the following Table 10B.

NO Task name Detailed business process One Application Forms and Application Forms In the case of firms that have been confirmed to be enrolled in the system, they should make a defined contribution pension rule and plan (registration / change) application form and mail it to the operation management agency. The operation management agency sends the received documents to the records management organization for registration. The records management agency receives the defined contribution pension provision (copy) and the plan (registration / change) application, and checks the contents of the documents (mandatory items). Receive. ▶ Product Name: Application for Plan (Registration / Change) 2 Plan Information Registration Processing The records management agency registers the basic information of the plan, the management plan for each plan, and the fee for each plan in the plan information registration. When the plan information registration is completed, the screen is checked to determine whether there is an abnormality. On the Plan Information List Search Screen, you can query the pre-registered plan information. To add a management plan by plan, you can add a management product on the Add a plan by plan screen. In case of corporate IRA and private IRA, the management management agency registers representative plans for corporate IRA and private IRA on the IRA representative plan information registration screen.When registering an IRA plan, select and register the registered IRA representative plan and the IRA representative plan information is IRA. Representative plan information can be viewed on the inquiry list screen. ▶ Product name: 1. Plan information registration, 2. Plan information list lookup, 3. Add a product by each plan, 4. IRA representative plan information registration, 5. IRA representative plan information list inquiry 3 Request for correction and correction If the contents of the application and the contents of registration are incorrect at the time of registration, please correct them. If an error occurs during registration, the management agency will be notified by phone to receive the revised application. 4 Approval completion update processing If the registration is completed normally, the approval is completed and the information is registered. When the plan is registered, the plan information is sent to the asset management agency and the product provider. You can search the registered plan on the Plan Information List inquiry screen. ▶ Product Name: 1.Plan information information 2.Plan information list inquiry 5 Registration completion notice When approval is completed by the records management agency, the plan information list inquiry screen is inquired and the registration completion and plan setting notice are printed and sent to the operation management agency, asset management agency, and product provider by mail. Send the Plan Setting Notice to the company. ▶ Product Name: Notice of Completion of Registration and Plan Setting

11 is a work flow of the contracting phase.

In the defined-contribution retirement pension plan, a new request is made in relation to the contract in consultation with the company and the retirement pension company. It is a task.

The work processing procedure for the work flow of FIG. 11 is shown in Table 11 below.

NO Task name Detailed business process One Create pension agreement · The enterprise draws up the pension agreement in cooperation with the operation management agency. 2 Report of pension agreement Companies apply for approval to the Ministry of Labor. 3 Pension Agreement Approval Repair · The Ministry of Labor checks the contents of the notification documents received from the company and performs the filing procedure. · The approved pension agreement will be sent to the company. 4 Document storage The company checks the contents of the approved repair pension agreement approved by the Ministry of Labor. The company keeps the approved repair pension. 5 Consultation on Contract Details · The management agency assists companies in writing their retirement pension rules. Inform the company of the results of the trial. · Consulting with the company to decide how to operate. · Consult with companies to determine asset management institutions. · Check that the system reflects the retirement pension provision. · Discuss other agreements. 6 Contract Document Preparation The management agency prepares the contract documents to conclude the contract. ▶ Product Name: List of Employees, New Application for Retirement Pension 7 Consultation on Contract Details The asset management institution shall discuss the contents of the contract for the conclusion of the asset management entrustment contract based on the retirement pension provision drafted by the company and the market information. 8 Contract Document Preparation The asset management agency prepares contract documents for entering into an asset management consignment agreement with the enterprise.

FIG. 12A is a work flow regarding the DC subscriber information registration step of the subscriber information registration step in the subscriber management step (3).

Receives subscriber information from the company, registers the subscriber information collectively, assigns the approval number of the confirmed subscriber and registers the subscriber's personal information.

The work processing procedure for the work flow of FIG. 12A is shown in Table 12A.

NO Task name Detailed business process One Subscriber Registration · Create subscriber upload file in accordance with the company's HR information. The enterprise manager transmits the created subscriber information upload file to the joint records management agency. · If the company manager directly brings the upload file to the operation management agency's counter, it can be uploaded directly from the operation management institution. ▶ Product name: 1. Upload file, 2. Registered subscriber information collectively 2 Bulk check of subscriber information The joint records management agency checks whether the uploaded initial subscriber information file is consistent. · If there is an error in the subscriber upload file, it can be displayed on the web screen of the company manager and the error can be confirmed on the subscriber batch information registration screen, and the registration result list of the subscriber information upload status can be output. • If an error occurs, the company manager rewrites the subscriber information upload file. ▶ Product Name: 1. List of Registration Results 3 Subscriber decision processing If there is no error in the subscriber upload information, the subscriber confirmation process is performed. · Approving individual approval number of subscribers who have completed subscriber confirmation. The subscriber registration status can be viewed on the subscriber information list inquiry screen. ▶ Product Name: 1.Inquiry of subscriber information list 4 Subscriber Property Registration The subscriber registers the subscriber ID / PW with the approval number assigned and accesses the web to select the management agency, and the subscriber with personal contribution registers the personal contribution and the distribution of the contribution. · Selection of management agency, registration of personal copayment, and change of copayment distribution by the initial registration deadline. ▶ Product name: 1. Select management agency, 2. Personal contribution registration, 3. Distribution of contribution 5 Subscriber attribute registration update processing · The joint records management institution registers information on the selection of the management agency selection update, the personal contribution update processing, and the contribution distribution update processing by the initial registration deadline. After the initial deadline, the operation management institution cannot be changed.

FIG. 12B is a work flow related to the IRA subscriber information registration step of the subscriber information registration step in the subscriber management step (3).

IRA's registration of subscriber information is made by an individual applying for registration at the management agency's counter and registered by the management agency.

The work processing procedure for the work flow of FIG. 12B is shown in Table 12B.

NO Task name Detailed business process One Sending and Receiving Application To register the subscriber information, the subscriber fills out a registration application form and visits the operation management agency window or mails it to the operation management institution. The management agency registers individual IRA subscriber information. ▶ Product name: 1. Application for registration information (registration / change), 2. Registration of subscriber information 2 Subscriber Information Check The joint records management agency checks whether registered subscriber information is consistent. 3 Check and correct incomplete materials · If there is an error in the registered subscriber information, display it on the web of the management agency and notify the error, and the management agency inquires the error and rewrites the application to the subscriber. 4 Subscriber Confirmation Process · Confirm subscriber registration information and transmit subscriber information to asset management agency. · When the subscriber is confirmed, the approval number is assigned. ▶ Product Name: 1. Full text of subscriber information 5 Subscriber Information Inquiry · The subscribers who have completed the subscriber registration in the operation management institution can be inquired on the subscriber registration screen. ▶ Product Name: 1.Register Subscriber Information

FIG. 13A is a work flow related to the leave of absence management step of the subscriber attribute information management step in the subscriber management step (3).

The company manager changes the subscriber's basic information on the website by using the company manager's ID / PW when the subscriber is absent / returned.

The work processing procedure for the work flow of FIG. 13A is shown in Table 13A.

NO Task name Detailed business process One Member leave treatment The company manager accesses the company manager ID / PW from the website and takes care of the subscriber's leave / reinstatement. ▶ Product Name: 3.Registrant Leave / Reinstatement 2 Subscriber attribute change processing The joint records management organization registers the changed input information with the change.

FIG. 13B is a work flow related to retirement management during the subscriber attribute information management step in the subscriber management step (3).

In case of retirement, claims for reimbursement, mortgage, lump sum payment, and withdrawal of the subscriber, the loss of membership is subject to loss of membership. Calculate the normal subscription period.

Work processing procedures for the work flow of FIG. 13B are shown in Table 13B.

NO Task name Detailed business process One Retirement Process The company manager accesses the company manager ID / PW from the website and processes the retirement of the subscriber. Calculate the subscriber's normal enrollment period at the time of retirement. ▶ Product Name: 1. Retirement Registration 2 Subscriber attribute change processing The joint records management organization registers the changed input information with the change.

FIG. 13C is a work flow relating to the subscriber information change step in the subscriber management step (3). You change your basic information on the website using your ID / PW.

The work processing procedure for the work flow of FIG. 13C is shown in Table 13C.

NO Task name Detailed business process One Subscriber information registration (modification) Subscriber accesses his / her ID / PW from the website and changes his basic information. · The management agency may change the subscriber information upon the subscriber's request. ▶ Product Name: 1. Retirement Registration (modification) 2 Subscriber attribute change processing The joint records management agency handles the subscriber's information change.

14 is a work flow related to the personal copayment registration change step in the subscriber management step (3). Registration, change, and suspension of personal copayments are entered by the subscriber on the website and registered with the Records Authority with the approval of the company administrator.

The work processing procedure for the work flow of FIG. 14 is shown in Table 14 below.

NO Task name Detailed business process One Private copayment registration · Subscriber accesses website with his / her ID / PW, registers / changes his personal contribution and requests approval from the company manager. The company manager decides whether to approve the entered personal burden by checking the screen. ▶ Product Name: 1. Personal contribution registration, 2. Personal contribution inquiry 2 Personal Payment Renewal Processing The joint records management agency updates the personal copayment information approved by the company manager. 3 Personal Payment Registration Confirmation · Subscriber checks whether approval is made through inquiry. ▶ Product Name: 1. Personal Contribution Inquiry

Fig. 15 is a work flow relating to the subscriber change processing step in the subscriber management step (3).

Extract wage payees from the joint RK center in advance and notify the company of the wage revision, and receive new wage information from the company and register it.

The work processing procedure for the work flow of FIG. 15 is shown in Table 15 below.

NO Task name Detailed business process One Extraction of the person subject to wage revision · The subscriber who has been registered after 2 months of the wage revision date is selected as the target of wage revision and notified to the company. · Display wage revision notices on the company manager screen. 2 Upload file creation process · The company manager downloads the wage revision target upload file from the web screen and prepares the upload file according to the format using personnel information. The uploaded uploaded file is sent to the joint records management agency through the website. ▶ Product Name: 1. Wage revision upload file, 2. Wage revision batch registration 3 Check wage revision The joint records management agency checks whether the wage revision file uploaded in Excel format is consistent. · Print out the wage revision upload result list and notify the company managers on the web to instruct them to correct and reprocess the deficiencies. · If there is no deficiency, the change wage registration process is performed and the list of wage revision results is printed. ▶ Product Name: Upload Result List, Registration Result List 4 Update of wage revision data · Update the wage revision information registered in the joint records management agency and output the list of wage revisions. · Companies and management agencies check the results of wage revision and print out the list of results of wage revision. The joint records management agency outputs the list of update cases by batch operation once a day. ▶ Product Name: List of renewal of wage revision and registration result list

16 is a work flow relating to the bond foreclosure management step in the subscriber management step (3).

When a creditor files a seizure order with a worker who is a subscriber (a debtor) of a retirement pension contract and sends a seizure order in court, the contents are reflected in accordance with the seizure order.

The work processing procedure for the work flow of FIG. 16 is shown in Table 16 below.

NO Task name Detailed business process One Application for foreclosure of creditor The creditor files for foreclosure in the court due to the member's default on the loan. · Termination of bond seizure shall be dealt with in accordance with the application procedure. 2 Court order for garnishment • The court sends the seizure order to the third party debtor. 3 Receipt and Notification of Seizure Order The management agency shall immediately notify the company of the seizure upon receipt of the collection order sent by the court. · The company receives and confirms the seizure, notifies the subscriber (employee), and handles it according to the regulations. 4 Foreclosure Information Registration · Register the information on the seizure of bonds with the company notification in the system. -Case number, registration date, registration code or registration details, reason for registration-Creditor, debtor-Date of delivery, execution court, foreclosure amount ▶ Product name: Bond foreclosure management 5 Application for Salary · When a seizure member applies for retirement, the company requests a salary request from the management institution.

17A and 17B are business flows related to DC loan information management during the loan information management step in the subscriber management step (3).

When a subscriber requests a loan application, it defines the flow of operations of the management agency (managing the screening and checking of loan eligibility, pledge and termination).

Work processing procedures for the work flow of FIGS. 17A and 17B are shown in Table 17 below.

NO Task name Detailed business process One Apply for mortgage limit inquiry The subscriber requests an application for a security inquiry from the management authority. After the subscriber prepares the necessary documents, he / she can apply for the loan to the operation management agency. If you have a DC and an IRA account at the same RK institution, the loan application / subscriber for each account will submit the documents to the operation management agency at the time of the loan application. The subscriber visits the operation management agency to apply for a loan and aims to complete the loan processing in one visit. The management agency reviews the loan application documents to determine whether they are eligible for the loan permitted by law.If the screening results in ineligibility or lack of documents, ask the subscriber to supplement the documents. Ask the RK agency to check the loan limit of the subscriber. · The RK institution registers and checks the results of the loan qualification screening. ▶ Product Name: Documents for Loan Qualification 3 Mortgage limit inquiry The Operational Authority shall look up the security provision limit of the relevant subscriber as determined by the Decree of the Labor and issue a certificate of security provision limit. · In response to a loan limit inquiry request from the management agency, the RK agency processes and stores the loan limit. Return the result of the loan limit inquiry request to the operation management agency. -If necessary, print out the "Loan Limit Certificate" from the operation management authority. ▶ Product name: loan limit inquiry screen, loan limit confirmation certificate 5 Loan application after checking the collateral limit The subscriber prepares the necessary documents and sends them to the loan application institution. -Documents for the qualification of loans will be sent to the RK organization when the documents and loans for the reasons prescribed by Presidential Decree are processed. The RK organization will register and store this information for the history management of the security information. Management information necessary for RK institutions to manage loan information-Pledge information, actual loan amount, mortgage setting date, repayment maturity date Pledge termination information Pledge termination date ▶ Product name: Loan limit inquiry 12 Receive Pledge Notification The management agency receives the pledge notification from the asset management agency. · If the loan is repaid, the information on the termination of the security is sent to the RK agency, which registers and stores the termination information of the security. Assets set as collateral are for the purpose of restricting the subscriber's recovery of the assets if the subscriber has not repaid the loan within a certain period of time (operation is possible). 13 Registration of Pledge · The management agency registers data on pledge. · If the loan is repaid, the information on the termination of the collateral is sent to the RK agency, which registers and stores the termination information of the collateral. An asset set as collateral is used to restrict the subscriber's recovery of the asset if the subscriber has not repaid the loan within a certain period. (Operation is possible) ▶ Product name: Pledge / secured termination information

15 Receipt of Loan Execution Notification The management agency shall notify the lender about the execution of the loan. 17 Loan receipt The subscriber receives the money for the loan application. 18 Loan Information Registration The management agency registers information on the execution of loans. 19 Loan payment The subscriber pays off the loan to the lender. ▶ Product Name: Pledge / Collateral Termination Information 20 Request to release pledge · The lender asks the asset management agency to release the pledge for the cleared subscriber. 21 Suffrage The asset management agency shall treat pledged pledges in response to a pleading. 22 Release of pledge The asset management agency sends a written consent to the lender for the request to release pledge. The asset management authority shall send the release of pledge to the management authority to the management authority. 23 Receipt of Pledge Release The management agency receives the subscriber's release of pledge from the asset management agency. 24 Pledge release The management agency releases the pledge on the subscriber.

18A and 18B are a work flow relating to the charge contact step in the charge management step (4).

The company manager downloads the levy file from the joint records management agency, prepares the current levy data, uploads it to the joint records management institution, and the joint records management agency checks the upload information for error and prepares the levy due instruction information and sends it to the asset management institution. .

The work processing procedure for the work flow of FIGS. 18A and 18B is shown in Table 18 below.

NO Task name Detailed business process One Levy file upload • The company manager downloads the levy Excel file form by accessing the joint recorder web to prepare the levy. The company manager prepares this levy in the form of levy excel file based on the company's HR information and previous levy information. · Required fields must be entered. Numeric fields must be entered in numbers. Separate items for contributions such as individuals, companies, water pipes and institutional water pipes. Companies can upload only one levy a day for each management agency. However, there is no limit on the number of modified uploads. When the charge details are completed, the company manager uploads the levy Excel file through the web of the joint records management agency. The management agency checks on the web the company's levy file download and upload status. · In case of bringing levy information and levy to the window, the enterprise can delegate the levy file upload work to the operation management agency, and submit the levy registration delegation application form. In the case of corporate IRA, the levy file upload is generated by receiving the levy deposit completion information from the asset management agency, and thus the levy file uploading operation is not performed. ▶ Product Name: File of levy, application for delegation of lump sum registration, download and upload of levy, inquiry of loading of levy

2 Lump sum check The joint records management agency receives the levy Excel file uploaded by the company and checks each item for errors. · Check the entry of required items, numeric items, duplication, consistency, etc. If the company's contribution is the last contribution in the year, the individual's cumulative burden should exceed 1/12 of the annual salary. In the case of personal contributions, the annual maximum limit for each individual is registered in advance, and if the annual cumulative burden including the current burden exceeds the previously registered maximum limit, an error is processed when the maximum limit is exceeded. · Even if the member is 55 years of age or older, he / she is excluded from the pension. If there is an error as a result of the lump sum check, the enterprise manager corrects the error item while viewing the incomplete item inquiry history. After modifying the copayment error item, the company manager re-uploads and re-uploads the entire case when more than one error occurs. · Corporate managers and operation management agencies can view the load download and upload status of the burden. The management agency checks the process of collective checks by company on the web. ▶ Product Name: Inquiry of nonpayment 3 Handling of levy processing status information · Checking all lump-sums When OK processing, the joint records management agency prepares lump-sum processing status information that can be inquired step by step based on the data uploaded from the company. · Corporate managers and operation management agencies can view the status of levy processing by checking the levy processing status. ▶ Product Name: Inquiry of Debt Handling 4 View, edit and approve contributions The corporate manager checks the respective burdens on the Web, such as the company's and individual's burdens and the amount of institutional allowances, and checks whether they are the same as the respective burdens recognized. · If the amount is different, the company manager revises the amount for each individual and approves the current amount after the final confirmation. · You can modify the burden only for the burden and not other items. · In the deletion of the burden, you can delete the entire information of the levy due at this time, and after the deletion, rework the levy upload process. · When the payment is approved, register the due date of this levy. · The levy is confirmed to the joint records management organization by the levy approval process, and the check is made correctly since the levy cannot be modified by the company after approval. The joint records management agency and the operation management agency confirm the approval by checking the payment processing status on the web, and in the case of non-approval, request the approval processing by telephone. The corporate manager completes the levy approval by the deductible -2 business days. · Delivery date-In case of bringing the due fee information and the levy after 2 business days or through the window, the enterprise can delegate the levy approval work to the management management agency. ▶ Product Name: Request for approval of levy, Management of levy correction, Management of levy approval 5 Expenditure due order processing If the company has completed the levy approval process, the levy planned instruction creation process will be started automatically every day from the 2nd business day, and the levy planned instruction will be sent to each asset management agency. • Outputs the list of charge due instruction information creation execution lists after processing and outputs the list of charge due instruction information creation error lists in case of errors.・ In case of making an error of instruction to designate payment information, correct the error and rewrite it. · After the payment instruction is prepared, the details of the charges are generated for each subscriber according to the product operation ratio by subscriber. The management agency checks on the Web the process of preparing the levy due instruction information. ▶ Product Name: Instruction for Scheduled Levy, List of Execution of Expected Levy Instruction Information, Error List 6 Sending / Receiving Indication File The joint records management agency transmits the information on the due due for each asset management organization every day starting from the second business day. The asset management agency receives the information on the levy due order sent by the joint recordkeeping agency and checks the remittance amount of each company by the day of the burden. The asset management agency receives daily information on the planned due fee from the day of burden -1 business day. ▶ Product Name: Levy due

19A and 19B are a work flow relating to the payment deposit step in the payment management step (4).

On the payment day, the asset management agency confirms the payment received from the company and sends the deposit completion information to the records management agency on the night of the payment. The records management agency processes the deposit and payment due order information by depositing the combination, and if it is normal, prepares and processes the operation instruction information, and if it is not normal, the operation and management agency contacts the company by case. In the case of an enterprise IRA, an IRA levy expected instruction information is generated and processed based on the levy deposit completion information.

Work processing procedures for the work flow of FIGS. 19A and 19B are shown in Table 19 below.

NO Task name Detailed business process 7 Confirmation of payment The asset management institution compares the amount of the remittance sent by the company on the due date with the due payment instruction received from the joint records management institution.If the payment is not received, wait until the due date +10 business days and then receive it from the joint records management institution. Delete the due fee information. After 10 days of work, the company resets the burden date and rewrites the information for the due. If you bring the charge information and the charges to the counter, if there is no error after checking the charge information collectively, generate the payment due instruction information and process the deposit combination.・ In the case of a prepayment of payment, if there is no error after receiving the information of the charges, if there is no error, the information about the due schedule is created and the prepaid payment and the payment combination are processed. 8 Charge Payment Completed The asset management agency checks the amount deposited by the company and sends the payment deposit completion information to the joint records agency on the night of the burden. The joint records management agency receives and confirms the payment deposit completion information from the asset management agency. ▶ Product Name: Deposit payment completed 9 Create IRA Prompt Order Information and Process Deposit Union · The preparation of the IRA preliminary order information is processed only when the amount of the deposit payment completion information is the corporate IRA. Generates the combination of levy, instructions for levy due, levy details, and levy due information based on the levy completion information. In the case of corporate IRAs, accounts are managed by subscribers and do not combine levy deposits. The joint records management agency handles the payment deposit completion information received from the asset management agency, the coordination record instructor information and the deposit combination processing. · The deposit combination combines the amount of each company based on the plan, the date of payment, and the classification of contributions. · If the amount of the combination result is the same 'Combination OK' If the amount is different 'Amount difference' · If there is information on only one side, it is marked as 'inconsistent' and the result of the combination is stored in the instructions for the due payment, the deposit completion information, and the combination management information. 10 Deposit history inquiry The management agency checks the charge deposit details through the web and if there is an error, calls the corporate manager by phone. If you have forgotten the payment date and have not remitted it or if you have sent less than the amount you paid, please consult with your company manager to resend it. In the case of more remittances, the management agency registers the refund and returns the difference to the company. · Post-registration processing of enterprise returns refers to the processing of corporate returns in beneficiary management.・ In the case of prepayment, receive the information of the charges and check them in a batch and process the deposit combination. ▶ Product Name: Inquiry of Deposit Payment (Company Return Registration)

11 Charge Payment Completed Send / Receive (Repayment Date) The asset management agency confirms the amount of the deposit deposited by the company, and transmits the deposit deposit completion information to the joint recorder on the night of repayment. The joint records management agency receives and confirms the payment deposit completion information from the asset management agency. · In case of non-deposit, the management agency should contact the company to recreate the levy materials. ▶ Product Name: Deposit Payment Completed 12 Reprocessing of Deposit Union (Repayment Day +1 Business Day) • The co-recording agency shall process the information on the completion of the deposit received from the asset management agency, the information on the coordination schedule of the co-recording agency and the deposit combination on the repayment date. · The deposit combination combines the amount of each company based on the plan, the date of payment, and the classification of contributions. · 'Combination OK' if the amount of the combination is the same · 'Different amount' if the amount is different · 'Inconsistent' if there is information on only one side, and the result list of the lump-sum payment combination is printed at the end · If the deposit combination is an error, follow the deposit details inquiry processing on item 10. ▶ Product Name: List of Deposit Association Results 13 Deposit Union Registration · In case of deposit combination error, the management agency checks the deposit combination error details with the company. • The management agency combines the levy deposit completion information with the levy due indication information for the deposit amount confirmed by the enterprise. • After completing the combination, change the deposit combination processing status to OK. ▶ Product Name: Inquiry for Indication of Contribution (Registration of Deposit Association) 14 Operational order information preparation and processing When the deposit combination is completed, the joint records management agency prepares the operation instruction information for each plan, subscriber, and product according to the product ratio. If the product operation ratio by subscriber is not registered, the operation instruction information is created as the default product. For product purchase processing according to the product operation instruction, refer to the product purchase service in FIG. 23A. · Subscriber checks individual product operation history. ▶ Product Name: Inquiry of Paid Management 15 Certificate of contribution payment · The management agency prepares and prints the payment details of subscribers by company, individual, and monthly. ▶ Product Name: Certificate of Payment Arrangement of normal charges and exception handling procedures · Normal handling of charges-D -2 19:00 Confirmation of charges by company-D -2 21:00 Write and send information of dues from joint records management organization-> Asset Management Agency-D 24:00 Deposits from companies and deposits from asset management institutions Send details-> Joint recordkeeping agency-D +1 06:00 Send record purchase orders to joint recordkeeping agency-> Asset management agency (deposit combination OK) 1) Expected Expenses = Deposit Details-> Send Purchase Order 2) Expected Expenses > Deposit History-> Company Confirmation Processing-. Rewrite additional deposits or charges. -. Deposit Combination OK Next Day Purchase Order Information Batch-. In case of additional deposit, the last deposit date shall be the burden date. 3) Information of due fee <Deposit Details-> Company Confirmation Process-. The asset management institution sends the difference to the enterprise. -. The data sent to the company is sent to the joint records office. · Consumption of Exception for Contribution When bringing the data and contribution to the counter-. The asset management agency sends the deposit payment data to the joint records management agency (Batch)-. The management agency uploads the due data and checks the error at the joint records agency and processes the deposit combination. 1. Information due due = deposit details-. Deposit combination OK Next day's purchase order information (Batch) 2. Information due fee> Deposit details-. Rewrite additional deposit or due information. -. Deposit Combination OK Next Day Purchase Order Information Batch-. In case of additional deposit, the last deposit date shall be the burden date. 3. Information of due fee <Deposit Details-> Company Confirmation Processing-. The difference is sent to the enterprise. -. The data sent to the company is sent to the joint records authority. · Prerequisite-Bring the document of the day's levy and the levy to the counter. -Information of due fee = Deposit amount (deposit association)-Purchase agreement = Immediately (same day processing) · Preconditions-Operation instruction information should be prepared in one day. -Batch shall be sent or received by the asset management agency and the joint records management agency. -The registration of deposit association is done by the operation management agency. ▶ Product Name: Flow

20A is a work flow related to the system transfer application during the system transfer stage in the transfer / contract stage (5).

In order to move out, subscribers register the system transfer information and request transfer to the company manager, and the company manager checks the transfer details and requests approval from the operation management agency. Confirm the period, complete the notice of eligibility, and mail it to the subscriber.

Work processing procedures for the work flow of FIG. 20A are shown in Table 20A.

NO Task name Detailed business process One Registration of system transfer application · The subscriber shall register, revise, delete, and inquire the system transfer application information in order to change his / her job. -After transfer application, automatic transfer to IRA is not possible. -You can apply for lump-sum retirement and wait for DC supply when registering information. You can also apply for transfer to other IRAs, other IRAs, or other DCs. -No transfer is allowed without retirement. However, if the subscriber changes the operation management agency while in office, the transfer can be handled without retirement. -Subscriber checks the contents of registered system transfer and asks the company manager for confirmation. -There is no forced transfer after transfer registration. In case of corporate IRA and individual IRA, subscribers should fill out the application form and submit it to the operation management agency, and the manager of the operation management organization registers the application information. 2 Confirmation of system transfer application The manager of the company shall check the application information for the system transfer requested by the subscriber, check the date of transfer of the subscriber, the reason for the transfer, and the date of payment of the final charges. · If there is any deficiency, register the reason for return. The subscriber confirms the reason for return from the company administrator, corrects the registered system transfer application information, and reconfirms it with the company administrator. In the case of corporate IRA and individual IRA, the person in charge of the operation management agency checks the application information for the system transfer and requests approval from the person in charge of approval. 3 Approval of Application for System Transfer The person in charge of the operation management institution shall check the contents of the subscriber's application for transfer of the system confirmed by the company's manager (in the case of IRA in the case of the operation management agency), and check the loan of the subscriber and register the reason for return if there is a problem. If the subscriber applied for IRA transfer, the manager of the operation management agency confirms with the asset management agency the customs asset management agency and account number requested by the subscriber. · If there is no abnormality, the person in charge of the operation management agency performs the approval process. The person in charge of the joint records management organization shall check the contents of the challenge submission approved by the person in charge of the operation management agency to confirm the disqualification of the subscriber and the determination of the working period, and prepare a notice of disqualification. · Print out the subscriber's disqualification notice for the system transfer application approved by the person in charge of the joint records management institution and mail it to the subscriber. ▶ Product Name: Notice of Disqualification

20b is a business flow regarding registration of transfer notification in the system transfer step in the transfer / contract step (5). Receiving and registering the member's transfer notice from the customs records management institution, and confirming the reason for the absence of transfer, if it is normal, register the operation instruction date and the payment date (if it is returned, write the reason for the transfer). Send by mail.

Work processing procedures for the work flow of FIG. 20B are shown in Table 20B.

NO Task name Detailed business process One Registration of transfer notice · Receive a notice of transfer order for subscribers from the official recordkeeping agency and register the contents of the transfer notice. ▶ Product Name: Notice of Transfer 2 Approval of transfer notice The person in charge of the management of the transfer shall check the contents of the transfer transfer on the notice of transfer transfer received from the customs records management agency, and if there is any deficiency, register the reason for the transfer, and if there is no error, the order to sell the assets of the subscriber. Register the date of deposit of the transferred asset. · Reasons for no transfer-If you are not the subscriber-If you do not have individual assets (escalation of records only)-If assets are destroyed during transfer process (records transfer)-If you have a loan (Complete loan repayment by current asset management agency) Loan contents of other asset management institutions are irrelevant.) · If there is no application for transfer, transfer will not be possible unless it is disqualified. · The manager of the enterprise confirms the result of the processing of the transfer of asset notice on the transfer order notice to the subscriber. Calculate the transfer amount of the subscriber by referring to the charges and fees to be returned to the company. -Corporate rebate: Calculated at the time of retirement of the subscriber-Fee: Management management fee, asset management fee, transfer fee (see fee processing in Figure 29a) ▶ Product name: approval of transfer notice 3 Preparation of Transfer Asset Notification If the reason for the transfer is not registered for the transfer notice registered by the person in charge of the management agency, the reason for the transfer cannot be written in the transfer asset notice and mailed to the customs records management agency. ▶ Product name: Notice of transfer asset The recordkeeping agency of the transfer shall prepare a record of the subscriber and mail it to the customs office. -Notice of transferred assets, personal property, membership history, contribution history, management instruction history, notification history, salary history, severance payment history, system history, transfer history ▶ Product name: Ledger of subscriber

20C is a flow of work relating to selling and remittance during the system transfer step in the transfer / contract step (5).

If there is no problem after receiving the transfer notice from the customs records management agency, all the assets of the subscriber shall be sold, the notice of the transfer asset should be prepared, and the payment instructions for the transferred asset shall be notified to the asset management agency.

The work processing procedure for the work flow of FIG. 20C is shown in the following Table 20C.

NO Task name Detailed business process One Sale of Transfer Assets · Receive a notice of transfer instructions to the subscriber from the customs recordkeeping authority by mail and sell all assets owned by the subscriber. (Refer to the selling of goods in Fig. 23B and Fig. 23C.) • After the receipt of the transfer notice from the customs authority, the automatic selling process. · Transfer of assets to beneficiaries who receive pensions is possible. 2 Escalation · When the record transfer agency completes the sale of the asset to the retiree, the transfer amount of the subscriber is calculated by referring to the levy and various fees to be returned to the company. -Corporate rebate: Calculated at the time of retirement of the subscriber-Transfer amount = asset sale amount-Various fees-Fee: Management management fee, asset management fee, transfer fee (see fee processing in Figure 29a) 3 Preparation of Transfer Asset Notification The person in charge of the records transfer authority completes the calculation of the transfer amount and prepares the transfer asset notice. -The notice of transfer asset shall be mailed to the customs records management institution by -3 business days of the transfer of the transfer asset. ▶ Product Name: Notice of Transfer Assets 4 Payment processing The person in charge of the records transfer authority prepares and sends a payment instruction for the retired assets to the retirees. · Receive payment results from the asset management agency and reflect them in the payment results. ▶ Product Name: Order of Payment

Figure 21a is a flow of work related to the registration of the customs clearance during the institutional administration stage in the transfer / crown stage (5).

A retired employee submits a customs application to the DC system, and the company manager confirms the details of the transfer application and notifies the subscriber by checking the details, or if there is no deficiency, requests the management agency to approve the customs application. In the case of joint records management, the approval of the customs clearance will be processed.

Work processing procedures for the work flow of FIG. 21A are shown in Table 21A.

NO Task name Detailed business process One Customs application registration · The subscriber shall register the customs information necessary for the customs procedure on the basis of the disqualification notice received from the retired company, and ask the manager of the company for confirmation. -Registration for subscribers must be completed before the application. -In case of payment for benefits, the operation ratio shall not be registered. -The retirement lump sum can be paid to DC and IRA. · In case of corporate IRA or individual IRA, the person in charge of the operation management agency registers the water information and asks the confirmation person for confirmation. ▶ Product Name: Customs Application Registration 2 Confirmation of application · The manager of the company confirms whether the required items are filled out in the subscriber's application, and if not, explains the required items to the subscriber and requests correction. · If there is no abnormality in the information on the crown, the company manager shall ask the person in charge of the management agency to confirm and approve the subscriber's crown request information. · The subscriber shall confirm the result of the customs treatment, such as the deficiency of the customs application, from the company manager. · In case of corporate IRA or individual IRA, the person in charge of the operation management agency checks the application information and asks the approval person for approval. ▶ Product Name: Confirmation of application 3 Approval of water application Based on the notice of disqualification mailed by the subscriber, the contents of the application for registration registered by the subscriber (corporate IRA, the person in charge of the operation management agency in the case of a private IRA) shall be checked for the necessary items, and there may be no reason for transfer or not. If any, the company manager (corporate IRA, in the case of a private IRA) is notified of any deficiencies. · Payment date, payment amount, etc. shall be reflected after receipt of the notice of transfer. The company manager (Corporate IRA, in the case of a private IRA, the manager of the management agency) checks the result of the water treatment process, such as the incompleteness of the application, from the approval officer of the operation management agency. Request for correction registration from (in case of corporate or private IRA). ▶ Product Name: Approval of water application The person in charge of the joint records management institution confirms the contents of the application for the customs clearance from the person in charge of the operation management agency, completes the approval process, prepares a transfer notice, and mails it to the transfer records management agency. ▶ Product Name: Notice of Transfer

21B and 21C show a work flow regarding deposits and purchases during the drafting and processing stage in the transfer / crown stage (5).

Received the notification of transfer assets from the transfer records management organization to register and confirm the contents, and if there is a problem, register the reason for the transfer, and notify the subscriber. Send and process the purchase of investment goods

Work processing procedures for the work flow of FIGS. 21B and 21C are shown in Table 21B.

NO Task name Detailed business process One Registration and Confirmation of Transfer Asset Notification The joint records manager shall receive the transfer asset notice from the transfer record management agency to the subscriber and register the contents of the transfer asset notice. The person in charge of the management agency shall confirm and register the date of deposit, the amount of money and the reason for the inability to transfer, based on the contents of the notice of transfer asset, and ask the person in charge of the joint record management to reflect the completion of the approval. ▶ Product Name: Notice of Transfer Assets 2 Create scheduled data The person in charge of the joint records management agency shall complete the approval of the transfer asset notice and, if there is no transfer asset amount, prepare a transfer transfer notice and notify the person in charge of the operation management agency. · If there is no amount of assets transferred, the management manager prints out the transfer notice and mails it to the manager of the company. · The manager of the enterprise shall receive the notice of completion of transfer by post from the person in charge of the operation management agency and confirm the incomplete contents and notify the subscriber. · If there is an amount of assets transferred, prepare and send the data to the asset management institution based on the information on the previously registered customs information. · Receive the deposit confirmation notification for the scheduled water supply data from the asset management agency and confirm it with the expected water supply data. · In case of corporate or private IRA, the manager of the operation agency acts as the subscriber or the company manager. ▶ Product Name: Water pipe expected data

3 Purchase The person in charge of the joint records management institution shall make a purchase process based on the operation ratio registered by the subscriber after confirming the deposit. (Refer to the number of purchases in Figs. 23B and 23C.) • If the operation ratio is not registered, the default is to purchase. 4 Escalation completed · Upon completion of the processing of the purchaser's transfer of assets, the person in charge of the joint records management organization shall prepare a notification of completion of the transfer and notify the management authority. The person in charge of the operation management agency prints out the transfer notice and mails it to the manager of the company, and the company manager distributes the transfer completion notice to the subscriber. After completing the transfer notice, prepare a payment instruction for the operation management fee, send it to the asset management agency, and receive the result and reflect it in the deposit result. The person in charge of the operation management agency confirms the result of processing the application. ▶ Product Name: Notice of Completion of Transfer, Order of Payment

FIG. 22 is a flowchart illustrating a DC operation method / ratio registration during an operation method / ratio registration step in asset management / operation step 6. Each subscriber registers through the web or visits the Operational Management Agency by the date of issue.

The work processing procedure for the work flow of FIG. 22 is shown in Table 22 below.

NO Task name Detailed business process One Change of contribution ratio registration (subscriber) The subscriber chooses to change the rate using the ARS website or by using the ARS. · Change the ratio of individual and corporate contributions by the date of disbursement. · Individual IRA members do not have a corporate fee, so only the personal fee should be changed. · Change registration is possible until the day of the release date. Application starts from the day after the release date. ▶ Product Name: Change of Operation Ratio 2 Registration of change of contribution ratio (operation management agency) When the subscriber fills out the application for changing the operation ratio and requests it to the management agency, the received management agency connects to the records management institution and registers the ratio of the subscriber's copayment and the user's copayment. · Individual IRA members do not have a corporate liability and can only change their personal contribution. · Change registration is possible until the day of each departure date. Application starts from the day after the departure date. ▶ Product Name: Application for Change in Operation Ratio, Application for Change in Operation Ratio 3 Charge ratio update processing The records management agency updates the registered operating ratio change information and outputs a list of update cases. ▶ Product Name: List of Renewed Rate Changes

FIG. 23A is a work flow relating to the purchase and sale of goods during the operation stage in the asset management / operation stage (6).

Purchase-Procure purchase order data for purchase transactions that occur due to levy, switching, water supply, etc., and notify the relevant authorities, receive purchase result data from the asset management agency, and confirm the transaction to manage transaction performance and update the balance. And so on.

Sell-Create and send the selling instruction data to the related authorities for selling transactions generated by switching, transfer, salary, etc., and receive the selling result data from the asset management agency and confirm the transaction and update the balance of the transaction. And so on.

Work processing procedures for the work flow of FIG. 23A are shown in Table 23A.

NO Task name Detailed business process One Operational supervision and buy / sell instructions · Operation orders will be closed once a day and the deadline will be at 0:00 on the day. (Buy / Sell) · Since the operation orders are completed after closing the operation instructions received from each business process, the operation instructions cannot be canceled in the DC service. · The purchase request entered before the closing is reflected in the closing of the day and the sale request entered after the closing is reflected in the closing of the following day. (Buy / Sell) • In case of purchase, a plurality of products must be purchased. Therefore, a product must be set in the subscriber's operation product for the singular treatment. (Buy) • In the case of sell, only one product is sold, so the singular treatment does not apply. (Sell) · Operational order data for copayments and water pipe information is created and the purchase process proceeds according to the operation order data. (Buy) · Operation order data for transfer, salary, and refund information is created, and the selling process proceeds according to the operation instruction data. (Sell)

2 Buy and Sell Instruction / Commitment The joint records management agency sends the management instructions to the asset management agency. (Buy / Sell) • The asset management agency shall confirm the operation instructions received from the joint records management institution and send the operation instructions to the autonomous product providing agency and the other product providing institution. The third-party product provider sends the full text of the operation instruction via the network of the joint records management organization. In case of self-provided goods provider, it is same as asset management agency, so it uses internal interface. (Buy / Sell) · Off-line and off-the-shelf product providers conduct contracts for goods in the full text of the management instructions received from asset management agencies. (Buy / Sell) · Off-line and other off-line commodity providers shall arrange for the commodity with the received operational instructions. (Buy / Sell) • The joint records management organization preserves the operation instruction data on a subscriber basis. (Buy / Sell) ▶ Product Name: Operating Instructions (Buy) 3 Deal Report and Result Combination Processing · The commodity provider shall send the management instruction result to the asset management agency on the r date of "operation instruction result" defined at the time of commodity property setting. (Buy / Sell) In the case of other commodity providers, the results of the operation instructions are sent to the asset management agency via the network of the joint records management agency. Therefore, internal interface is used. (Buy / Sell) The asset management institution receives the data of the management instruction and conducts a combination check of the operation instruction and the operation instruction. (Buy / Sell) • After the combination test, the asset management institution sends the operation instruction results data to the joint records management institution. (Buy / Sell) • The joint records management agency combines the data of the operation instruction and the operation instruction result and outputs the combination result list. (Buy / Sell) ・ If the joint record management institution does not receive the result of the delivery notice within a certain time due to an abnormality of the asset management institution's system, the person in charge of the joint management agency inquires the asset management agency by telephone and instructs the operation. Result Resend request. (Buy / Sell) ▶ Product Name: Operational Instructions, Transaction Status List, Operational Instructions / Operational Instructions List, Caller 4 Confirmation of subscribers' share and purchase • Use the agreement results of the plan and the subscriber's indication data to divide the transaction results into subscriber segmentation processing for each subscriber. -Basic formula of purchase portion: Purchase amount per purchase = quantity purchased by plan Ⅹ (Quantity of order when subscriber is sold / Quantity of order when plan is sold) · The purchase result is stored in subscriber ledger and plan ledger. (Buy) Transfer the data obtained during the purchase process for the levy and the crown information and the data required for each job to the corresponding work flow. (Buy) · Store the result of the sale in the subscriber ledger and the plan ledger. (Sell) · Transfer the data obtained during the selling process of transfer, refund and salary information and the data required by each job to the relevant work flow. (Sell) 5 Purchase price processing After the result of the operation instruction combination, the asset management institution sends the purchase price to the commodity air line. (buying) 6 Sellout processing · The commodity provider remits the selling price to the asset management institution after the agreement is processed. (Sell) 7 Confirmation of Selling Payment The DC uses the settlement date of the product information without receiving the deposit result separately from the asset management agency. -Settlement date of commodity information: In case of sell, date of payment for selling price In case of purchase, the date of transfer of the purchase price to the commodity provider by the asset management organization ▶ Product name: Result of operation instruction

23B and 23C show a work flow relating to switching during the operation phase in the asset management / operation phase 6.

Switching Selling (NO 1 ~ 5): This is a process of receiving the switching data of the registered management product from the subscriber and registering the selling information, providing the information to the asset management institution and the product provider, and selling according to the selling process. .

Number of switching (NO 6 ~ 9): Receives the switching data of the registered management product from the subscriber, registers the purchase information, provides the information to the asset management agency and the product provider, and buys based on the selling amount after selling It is the process of processing the purchase according to the purchase processing after extracting possible transactions.

Work processing procedures for the work flow of FIGS. 23B and 23C are shown in Table 23B.

NO Task name Detailed business process One Switching data acquisition processing The subscriber registers the switching information of the selling product and the buying product among the products he is operating through the web or the ARS. When the subscriber requests switching from the manager of the management agency, the manager of the management agency can handle the switching work on behalf of the subscriber. The Joint Records Authority will provide the Subscriber with a "Sold List of Products" and a "Sold List of Products". The “Available Items List” provides the subscriber with the interest rate by purchase date, and the subscriber can refer to this interest rate and set it as a switching target product. If you set the quantity of the selling commodity as a percentage of the balance, the system converts the quantity and rounds off if the quantity below the decimal point occurs. The “Buyable Products List” provides a list of products offered by the current plan, and the subscriber can select a purchase from this list. Upon entering the switching information, the subscriber should set one product for the singular processing at the number of switching. In the case of selling, only one commodity is sold, so the singular treatment is not applicable. In the absence of the closing process, the "switching request" can be canceled, but after the closing, the switching request cannot be cancelled. The subscriber (company manager in the case of DB) can specify the selling quantity by the original amount of the cancellation in the case of the periodic deposit and the number of accounts in the case of the product except the periodic deposit. In addition, the subscriber (in the case of a DB manager) can specify the selling quantity as a percentage of the balance, in which case the system converts the selling quantity to set the selling quantity. (If the sell quantity contains less than a decimal point, round off.) Switching can be requested at any time, regardless of the closing. The subscriber cannot make a switching request again for a product whose switching process is not completed. The switching processing method is a 1: N method.-> One selling product can be selected, and a plurality of buying products can be selected. There is no limit on the number of switching, but the joint management agency manages the switching count. Received switching requests are closed on a daily basis. Switching requests entered before closing are reflected in the closing of the day, and switching requests entered after closing are reflected in the closing of the next day. (However, switching requests that occur on public holidays shall be made on 24:00 of the first business day after the processing of the switching request.)

2 Closing management order and preparing for selling order The order is closed once a day and the deadline is at 0:00 on the day. On the next business day of the switching application date, the selling operation instruction is prepared using the switching registration information. 3 Sell orders and commitments Operational orders and commitments take place the next business day of the switching application. (However, applications that occur on public holidays are processed on the first "business day +1".) The joint records management agency sends the management instructions to the asset management agency. The asset management agency confirms the operation instructions received from the joint records management agency, and sends the operation instructions to the self-providing product provider and the third-party product providing agency. The entire operation instruction is sent. In the case of a self-provided product provider, it is the same institution as the asset management agency. Self-provisioned and non-provided product offering agencies shall treat the goods with specialty in the management instruction received from the asset management agency. Self-provided and other non-provided institutions provide contracts for the goods with the received operating instructions. The joint records management organization preserves the operation instruction data on a subscriber basis. ▶ Product Name: Instruction (Sell) 4 Deal Report and Result Combination Processing The commodity provider shall send the management instruction result to the asset management agency on the "operation instruction result" date defined when the product attribute is set. In the case of other commodity providers, the management instruction results are sent to the asset management agency via the network of the joint records management institution. In the case of other commodity providers, the internal interface is used because it is the same institution as the asset management agency. The asset management agency receives the management instruction result data and checks the combination of the operation instruction result and the operation instruction. The asset management agency sends the operation instruction result data to the joint records management agency after the combination test. The joint records management organization combines the data of the operation instruction and the operation instruction result and outputs the combination result list. If the joint records management institution does not receive the operation instruction result within a certain time due to the abnormality of the asset management institution's system, the person in charge of the joint management institution asks the asset management authority by telephone to request the retransmission of the operation instruction result. ▶ Product name: Check the operation instruction result, transaction status list, operation instruction result / operation instruction combination list, and the person in charge 5 Confirmation of subscribers' share and sale Using the plan's commitment results and your ordered data, we divide each transaction's transaction results into a member settlement process. Fundamental formula of the sale: Amount sold at the time of sale per subscriber = Amount sold at the time of purchase of the plan Ⅹ (orders sold at the time of purchase / ordered at the time of selling) The results of the sale are stored in the ledger and the plan ledger. 6 Closing the management order and preparing the purchase order The order is closed once a day and the deadline is at 0:00 on the day. As a result of the switching selling, the operation instruction data is created using the switching registration information on the settlement date when the payment is received. It supports the number of copies based on the number of sheets entered in the switching request. 7 Purchase Order and Contract Processing Instructions and commitments to purchases are made on the purchase orders and commitments on the settlement date when the switching sale amount is received. The joint records management body sends the management instructions to the asset management body. The asset management agency confirms the operation instructions received from the joint records management agency, and sends the operation instructions to the self-providing product provider and the third-party product providing agency. The entire operation instruction is sent. In the case of a self-provided product provider, it is the same institution as the asset management agency. Self-provisioned and non-provided product offering agencies shall treat the goods with specialty in the management instruction received from the asset management agency. Self-provided and other non-provided institutions provide contracts for the goods with the received operating instructions. The joint records management organization preserves the operation instruction data on a subscriber basis. ▶ Product Name: Instruction (Buy) 8 Operational instruction result and result combination processing The commodity provider shall send the management instruction result to the asset management agency on the "operation instruction result date" defined at the time of commodity property setting. In the case of other commodity providers, the results of the operation instructions are sent to the asset management agency via the network of the joint records management institution. In the case of other commodity providers, the internal interface is used because it is the same institution as the asset management agency. do. The asset management institution receives the operation instruction result data and checks the combination of the operation instruction result and the operation instruction. The asset management agency sends the operation instruction result data to the joint records management agency after the combination test. After sending the operation instruction, the asset management institution remits the purchase price to the product provider on the settlement date of the product. The joint records management organization combines the data of the operation instruction and the operation instruction result and outputs the combination result list. If the joint records management institution does not receive the operation instruction result within a certain time due to the abnormality of the asset management institution's system, the person in charge of the joint management institution asks the asset management authority by telephone to request the retransmission of the operation instruction result. ▶ Product name: Check the operation instruction result, transaction status list, operation instruction result / operation instruction combination list, and the person in charge 9 Confirmation of subscribers' share and purchase Using the plan's commitment results and your ordered data, we divide each transaction's transaction results into a member settlement process. Basic formula of purchase: Purchase amount per purchase = Plan purchase quantity X (Buying price when buying subscriber / Purchase price when buying plan The results are stored in the subscriber ledger and the plan ledger. 10 Confirmation of Selling Payment The payment date of the product information is used without receiving the deposit result from the asset management agency. -Settlement date of commodity information: In case of sell, date of payment for selling price In case of purchase, the date of transfer of the purchase price to the commodity provider by the asset management institution ▶ Product name: Operation instruction result

23D, 23E, and 23F are business flows related to balance management during the operation stage in the asset management / operation stage 5.

After sending the transaction report, the commodity provider contacts the records management institution on the basis of the balances managed by the system of commodity management institutions, and the balance combination processing of the execution criteria is executed as of the end of the previous month.

23D, 23E, and 23F show the processing procedures for the work flow shown in Table 23D.

NO Task name Detailed business process One Balance data extraction and transmission-Occasional The commodity provider sends the result of the operation instruction to the asset management agency and the joint records management agency, and then extracts the balance status after the transaction. The extracted balance is the balance of the tightening criteria. The extracted balance data is sent to the joint records management institution. ▶ Product Name: Contact Balance 2 Operational Balance Combination Processing-Occasionally Receive balance contact data (balance amount) sent from the commodity provider and carry out the balance management process. If the balance contact data is not received from the product provider on the reporting date of the operation instruction, the person in charge of the joint records management agency shall contact the person in charge of the product provider and request to resend the balance contact. The joint records management organization extracts the execution base balance from the ledger based on the contents of the balance contact received from the product provider and combines it with the received balance contact data. The result of the combination is output as a list of results, and in the case of inconsistencies, consultation with the person in charge of the provider of the cause is provided. The balance amount is calculated by multiplying the balance amount by the base price or interest rate. ▶ Product name: balance contact, employment status list, combination list 3 5 Extract and send balance data (concluding criteria)-Monthly On the first business day at the beginning of the month, the asset management agency extracts the balance of the closing standard as of the end of the previous month. On the third business day at the beginning of the month, the commodity provider extracts the balance of the closing criteria as of the end of the previous month. ▶ Product Name: Contact Balance

4 6 Operational balance combination treatment (consolidation basis)-Monthly The extracted balance data is sent to the joint records management institution. Receive the balance contact data sent from the product provider and perform the balance management process. If the balance contact data is not received from the product provider on the reporting date of the operation instruction, the person in charge of the joint records management agency shall contact the person in charge of the product provider and request to resend the balance contact. Based on the contents of the balance contact received from the commodity provider, the joint records management institution extracts the execution standard balance from the ledger and combines it with the received balance contact data. The result of the combination is output as a list of results. If any discrepancies are found, consult with the person in charge of the provider of the product to find out the cause. ▶ Product Name: Employment Status List, Union List 7 Balance inquiry View by plan and by member. Information at the time of the balance basis is calculated as follows. Balance Amount = Balance Quantity X Basis Price on Balance Basis Date Buy Average Basis Price = Total Amount to Buy / Total Buy Quantity Average Amount Price = (Balance Amount-Total Amount Amount) / Total Amount to Buy = = Balance Amount + Total Amount Amount / Total Purchase Amount Revenue Amount = Balance Amount-(Total Amount Amount-Total Amount Amount) ▶ Product Name: Subscriber Balance Inquiry, Plan Balance Inquiry

24 is a work flow related to the middle withdrawal application step in the beneficiary management step (7).

The subscriber applies for the withdrawal by attaching the necessary documents for the registration of the withdrawal application, and the enterprise (or the operation and management agency) checks the documents and registers them. The operation and management agency conducts the preparation for sale by examining the suitability of checking documents and requesting the withdrawal.

Work processing procedures for the work flow of FIG. 24 are shown in Table 24 below.

N0 Task name Detailed business process One Withdrawal Interim withdrawals can be applied for by members if certain requirements are met. Intermediate withdrawal processing procedure-When a company manager registers an application according to the subscriber's or agent's application, the operation management agency examines / approves it, and the joint record management system processes a series of tasks such as selling orders in a daily closing process for payment of approved intermediate withdrawals. (In the case of corporate / individual IRA, the operation management agency registers the application.)-When the selling price is deposited in the asset management institution, the joint records management system instructs the asset management agency to pay the subscriber account and receive the result. do. Citizen Withdrawal Processing Criteria-A withdrawal is applied during the period when there is no claim for benefits. -The amount of the median withdrawal can be made within the scope of asset holding at the time of application registration, and the minimum application amount for median withdrawal is not managed. -If the security is set, the withdrawal can be withdrawn within the amount of the asset, including the amount of security settled, and the subscriber can not apply for the repayment of some loans. shall. -The asset value shall be measured at the amount when the asset is sold at the base price of the previous day. -The reversal of the withdrawn amount into the retirement pension reserve is not possible. -If a withdrawal application is registered, it is impossible to set up withdrawal and loan security including additional withdrawal application, switching instruction, salary application and transfer (transfer / transfer) until payment is completed after approval / rejection. -Mid withdrawal is managed by account. In other words, if you have a DC and a separate IRA account, you must apply separately. -Pensioners can also apply for a withdrawal. After a withdrawal, pensions are paid as planned and pension payments can be completed before the planned pension payment period. The subscriber completes the withdrawal application, prepares the required documents, and submits them with the application. (In case of IRA, submit to the operation management agency.)-The subscriber shall fill out the account information to receive the withdrawal amount when applying for the withdrawal, and apply for the sale of the products to be sold, the amount of the corresponding product or the sale of the corresponding product. Set the ratio. -The subscriber applies for the selling application rate by dividing the company copayment and the subscriber copayment by each selling product. ▶ Product Name: Midterm Withdrawal Application, Midterm Withdrawal Certificate

2 Midway Debit Application Registration

▶산출물명 : 중도인출신청서, 중도인출사유증명서, 증도인출신청등록The company manager receives the withdrawal application and required documents from the subscriber, conducts the first screening of the withdrawal eligibility and documents, and informs the subscriber if there is any deficiency. -Confirmation of the reason for withdrawal (confirmation of supporting documents): Purchase of homeless homes / care for more than 6 months / Others-Confirmation of the amount of application for the withdrawal compared to the valuation balance and loan security set-up amount Contribution) Calculation of Selling Quantity The amount of selling is calculated by applying for the amount or rate of application for the purchase by the subscriber for each product. -Confirm whether or not to submit the required documents-Confirm whether the required input items are entered in the withdrawal application The IRA and individual IRA subscribers should visit the operation management agency and submit the withdrawal application and the required documents to apply for the withdrawal. -The company manager registers the subscriber's application for the withdrawal and the required documents using the web screen. (In the case of IRA, the operation management agency registers.)-The company manager registers the subscriber's information and withdrawal. Register the withdrawal application by entering the reason, the product to be sold, the selling amount or the ratio. -After registration, you can check the asset balance value and the expected withdrawal value at the fair market value. -The sale of the requested product will be processed by determining the quantity to be sold according to the amount of the sale request or the rate of the sale application, which the registered subscriber applies for by each product's levy and exit (corporate contribution, individual contribution). -Subscriber can inquire the middle withdrawal application registered by the company manager on the web screen. When the registration of the withdrawal application is completed, the enterprise makes a request for approval and sends the subscriber's withdrawal application and the required documents by mail or visit the operation management agency directly. (In case of corporate / individual IRA, the receptionist requests approval after registration and delivers the relevant documents to the reviewer.) If there is a loan mortgage setting, the subscriber withdraws more than the loan setting amount if he / she does not apply for the loan repayment application amount. You cannot apply.

▶ Product Name: Midterm Withdrawal Application, Midterm Withdrawal Certificate, Registration of Withdrawal Request 3 Midterm Withdrawal Examination and Registration of Results The management agency shall receive the intermediate withdrawal application and the required documents sent by the corporate manager (in the case of IRA, the receptionist for the operation management agency), and confirm whether the required items for the middle withdrawal application are filled out and whether the required documents are submitted. -Required documents and items: Refer to the output -If the application for the withdrawal and documents and documents are incomplete, register the contents. The management agency shall confirm and register the requested withdrawal details and the arrival of documents, and register the review and results of the withdrawal application. -Approved: Approval of the withdrawal application-Return: Register the reason for return of the withdrawal application. The company manager and subscriber check the progress through the web with the result of the withdrawal application. If there is any deficiency and a supplement is required, such as rewriting the application or submitting additional documents, it shall be processed again according to the procedure of requesting a withdrawal. Subscribers and companies can view the audit results through the web. ▶ Product Name: Registered withdrawal application 4 Daily withdrawal ends The system will review the approved midterm withdrawal application during the day. -Check the changes in the member account after approval. -Check whether there is a withdrawal process including loan application, switching application, retirement application (transfer / transfer) and loan mortgage setting. In the case of collateral settled, the result of the review shall be returned if the amount of the withdrawal request, which is estimated by the selling quantity and the previous day's market price, exceeds the asset balance valuation amount including the collateral set amount. In addition, when applying for a withdrawal in excess of the asset balance valuation amount excluding the collateral set amount, the loan repayment amount is checked to ensure that the sum of the loan collateral set amount and the withdrawal amount does not exceed the asset balance valuation amount. The preparatory work for sale shall be carried out for each withdrawal application approved by the management agency. -Creating a withdrawal payment history: Selling instruction date, selling goods and contributions by category (corporate contribution / personal contribution) Selling quantity, estimated payment date The withdrawal amount of pensioners Pension payments can be completed before this period. -If the withdrawal amount exceeds the pension balance valuation, the result of the review is treated as a return.

FIG. 25 is a work flow relating to the middle withdrawal payment step in the beneficiary management step 7.

After the withdrawal is confirmed, the sale order, the withdrawal amount settlement process and payment instruction are processed.

Work processing procedures for the work flow of FIG. 25 are shown in Table 25 below.

N0 Task name Detailed business process One Selling The selling process is executed on the sale instruction date by the withdrawal payment details generated by the daily closing of the withdrawal after approval of the reference to 'management management'. -Sell orders by account / commodity / levy / exit (corporate contribution / individual contribution) and confirm the expected water settlement date. -The estimated water settlement date is registered and managed for each product. The selling order date shall be the day after the registration date for approval of the withdrawal application of the management authority. 2 Confirmation of the amount of the withdrawal of the withdrawal (calculation of withdrawal, the tax amount) If more than one commodity with a different water settlement date is sold for a withdrawal, the withdrawal of the withdrawal payment will be processed in a batch after all products have been sold. First, interest on the selling price of the sold product shall not occur. -The sale agreement of the product is confirmed by the product by receiving the result from the product provider, and finally confirms the selling amount and settlement date. The joint records management institution shall confirm the final selling fact on a case-by-case basis (sold application, commitment, and settlement) performed by each commodity provider and asset management institution, and process payment instructions on the final water settlement date. -If the customer selects a number of products for the withdrawal and the product's water settlement date differs, the total payment for the corresponding withdrawal shall be confirmed on the final water settlement date (cash purchase date). The joint records management system finalizes the withdrawal payments along with the calculation of taxes, etc. for each withdrawal application on the date of final capital settlement. Once it is confirmed, it is possible to re-enable loan withdrawal processing and loan collateral setting, including the application for additional withdrawal, operation instructions such as switching, application for salary and transfer (transfer / transfer). The subscriber checks the withdrawal payment details through the web. ▶ Product Name: Payment Process

3 Middle Withdrawal Payment Processing In order to pay the withdrawal payment to the subscriber's account, the withdrawal payment instructions are prepared and sent to the asset management institution. This includes payment errors that were corrected in the process of making a withdrawal order and processed for repayment. The asset management institution receives the withdrawal payment instructions from the joint records management institution, and if the payment method is via wire transfer, the withdrawal payment is processed as a wire transfer to the subscriber account. If the payment method is visit deposit, payment shall be made when the subscriber visits and requests. If there is an application for loan repayment, the payment method shall be paid as a window payment, and the asset management institution shall pay the balance to the subscriber after the payment of the loan to the lender. ▶ Product name: instruction for the withdrawal of middle payment and results of the withdrawal payment. 4 Receipt of deposit processing result The joint records management agency receives the payment processing result returned from the asset management agency after the payment processing. If the payment is not properly processed, the manager in charge of the operation checks the reason for the payment processing error received from the asset management agency, corrects the error account, etc. from the subscriber, and reinstructs the payment. The planned amount to be paid will be maintained by the asset management agency until instructed by the manager of the management agency, and no interest will be incurred. If the payment is processed normally, the actual payment date is registered to complete the process of withdrawal. ▶ Product Name: Order of withdrawal payment and processing result

26 is a work flow related to the benefit application step in the beneficiary management step (7).

Subscribers apply for benefits by attaching the required documents for registration of benefits (lump sums, pensions), and the company (operation management agency) registers after checking the documents. The operation and management agency checks the documents and checks the suitability of applying for benefits and prepares for pension payment.

Work processing procedures for the work flow of FIG. 26 are shown in Table 26 below.

NO Task name Detailed work procedure One salary Benefits are divided into lump sum payments and pension payments, and are subject to a member's application if certain requirements are met. Payroll processing procedure-When a company manager registers an application according to the subscriber's or survivor's application, the management agency inspects / approves the management system and the joint records management system processes a series of tasks such as selling orders for the payment of the approved salary at the end of the day. (In case of IRA, the application is registered by the management agency.)-A subscriber who is waiting for pension after retirement before age 55 can apply directly to the operation management institution. When the selling price is received by the asset management institution, the joint records management system instructs the asset management institution to pay the subscriber account and receives the processing result. Criteria for payroll-Even if you are eligible, you cannot apply for benefits if you are still paying the levy. -In case of subscribers who are waiting for pension benefits after retirement for more than 10 years or before 55 years of age, the company manager can register for the pension benefit plan by applying for the pension benefit plan from the subscriber. -The pension payment period should be more than 5 years. -The subscriber registers the pension plan through the company by writing down the pension products, period, and number related to the payment in the pension plan. (In case of IRA, register through the operation management agency.)-When applying for benefits, double withdrawal processing including loan withdrawal application, switching instruction, salary application and transfer (transfer / transfer) and loan security cannot be set. -You can apply for DC benefits after retirement. -If a member dies and the survivor applies for benefits, only a lump sum application is possible. -Manage by account. In other words, if you have a DC and a separate IRA account, you must apply separately.

Pension Plan-Pension plan registration includes the date of creation, the name of the subscriber, the member code, the method of payment of pension (divided, fixed, and lifetime), the period of pension benefits (5 years, 10 years, 15 years, 20 years, lifetime), and the number of annual pensions. (12 times, 6 times, 4 times, 2 times, 1 time) and pension products must be specified in case of confirmation / life. Pensions are paid in the form of split pensions and fixed / life pensions. -In the case of split pension, the pension shall be paid by equally dividing the assets at each pension during the pension period specified by the subscriber without receiving the product sales ratio from the subscriber. -In case of fixed / life pension, the subscriber shall select a pension product and apply for pension benefits. -The annual payment frequency can be selected by divided pension and fixed / life pension, but the payment period and the frequency of payment by product are not selected. -The pension plan is changed once a year. (Once every 12 months) However, lump sum application due to death of subscriber is not limited. -Changes to the pension plan are handled in the same way as the initial benefit application. -After the pension eligibility is acquired, the validity period of the event for benefit application is not considered. -When applying for pension, you can apply for lump sum, split pension, and fixed / life pension in parallel. -May be withdrawn even during pension receipt. -Once a split pension application is registered, it is impossible to set up a loan withdrawal and loan collateral, including operation instructions such as switching, application for benefits and transfer (transfer / transfer) until the approval / rejection examination is completed. -Once the pension / pension application is registered, it is impossible to set up a loan withdrawal and loan collusion, including operating instructions such as switching, salary application and transfer (transfer / transfer) until the purchase of pension products is completed. -Changes from split pensions to fixed / life pensions or from fixed / life pensions to split pensions are possible through the pension plan change procedure. -Switching of products held during the pension period is possible. However, in the case of fixed / life pension products, it may be restricted depending on the product attributes of the product provider (insurance company). Lump sum processing criteria-Lump sum payment is not processed at the same time as the processing of the crown from other accounts In other words, the crowning and lump sum application are managed separately. -Payment for the lump sum application will not be divided into two or more payments, but will be processed collectively on the settlement date of the longest number of sold products. A lump-sum application for retirement pension accounts that remain in the DC plan after the subscriber's retirement can be applied directly to the management agency without going through the company. -Information management plan after lump-sum payment When a lump-sum payment is made, the relevant retirement pension account is canceled (cancellation due to payment completion). The current management agency should be able to inquire not only the latest information but also all previous information held by the joint records management agency through the procedures. If there is a request for inquiry from the previous company, the management agency inquires and responds. A notice of eligibility will be sent to any individual IRA member who has received eligibility. -Extract the data of those who are eligible for pension benefits in the following month (more than 10 years of the 55-year subscription period). -Send pension eligibility guides to eligible beneficiaries. ▶ Name of output: Eligibility Guide 2 Application for Salary The subscriber prepares a pension plan, pay application form, prepares the required documents and submits them with the application. (In case of IRA, submit it to the operation management agency.) In the case of DC receiving waiters, apply for the salary application and the required documents to the company, and the company manager confirms and registers the salary application. Subscriber will complete deposit account information to receive benefits when applying for benefits. Subscribers may apply for a lump sum, a partial pension and a fixed / lifelong pension. -The subscriber can apply for pension payment on the remaining assets after receiving some of the assets as lump sum. When applying in parallel, apply at the application rate according to each type of benefit (lump sum, partial pension, fixed / life pension). ▶ Product Name: Pension Plan, Salary Application 3 Payroll Registration The company manager receives the salary application form and required documents from the subscriber, conducts the first screening of the salary qualifications and documents, and informs the subscriber if there is any deficiency. (In case of corporate / individual IRA, the management agency receives) Confirmation of reasons for applying for benefits-Confirmation of submission of required documents-Whether to fill in the required fields in the application for pension-Whether to fill in the required fields in the pension plan The claim for benefits due to death shall register the beneficiary information with inheritance rights. The company manager registers the member's salary application details and the required documents using the web screen (in the case of DC receiving waiters and IRAs, the management agency receives and registers documents). Register your benefit application by entering information and reasons for pay. -After registration, the asset balance and salary estimates are assessed at the base price. -The subscriber prepares the deposit account information to be received and decides the item to be sold and the amount of the application for sale of the product or the rate of application for the sale of the product by salary type. -The subscriber decides the quantity of the sold product by applying the selling application rate by dividing the company contribution and the subscriber contribution by each selling product. -The subscriber checks the registered payroll details on the web screen. After completing registration of the benefit application, the enterprise shall mail or visit the member's benefit application, pension plan and required documents directly to the management agency. If there is a loan mortgage setting, the subscriber may apply for a portion of the lump sum as the loan repayment application amount. The amount requested for a lump sum cannot exceed the loan application. ▶ Output: Pension plan, pay application, pay application registration 4 Payroll Review and Result Registration The management agency receives the salary application form, pension plan and required documents sent by the company manager (in case of corporate / individual IRA), and fills out the required items for the salary application and pension plan and submits required documents. Check it. -Documents for documents and items: Refer to the outputs.-If the application for benefits and documents and contents are incomplete, register the contents. The management agency shall register and confirm the receipt of the salary and documents received and register the examination and the results of the salary application. -Approved: Approval of the salary application-Return: Register the reason for return of the salary application. Company managers and subscribers can check the results of their application through the web. If the subscriber is incomplete and needs to be supplemented, such as rewriting the application or submitting additional documents, the subscriber will be processed again according to the procedure for applying for benefits. Subscribers and companies can view the salary application details and audit results through the web screen. ▶ Output: Registration of benefit application 5 Application deadline The system will re-evaluate the approved benefits during the course of the day. -Check the changes in the member account after approval. -Check whether there is a withdrawal process including loan ordering, other benefits, and resignation (transfer / transfer) and loan security setting. -If the re-examination of the system confirms that the disapproval condition is confirmed, the reason is registered with the rejection process. Based on the pension plan, the payroll is prepared in the form of salary (lump sum, partial pension, fixed / life pension). -Payment period, annual payments and transfer products by salary type are managed. Proceed with the preparation for sale for each salary application approved by the management agency. -Create payroll by salary type Salary form, application rate, salary application date, application approval date, payment period, number of payments Selling Quantity, Estimated Payment Date-Salary (Decision / Life Pension) Pension Product Application Definition Confirmation / Life Pension Products, Incorporation Rate, Pension Products for Sale and Quantity, Incorporated Pension Products-Switching after Daily Closing It shall be possible to set up withdrawal processing and loan security, including operation instructions, other benefit applications and transfers (transfer / transfer).

FIG. 27A is a work flow relating to lump sum payment during the salary payment step in the beneficiary management step (7).

After DC and corporate / individual IRA's lump-sum benefit payments have been confirmed, they are required to handle selling orders, lump-sum benefit settlements and payment instructions.

Work processing procedures for the work flow of FIG. 27A are shown in Table 27A.

N0 Task name Detailed business process One Carry forward and sell payment information In the case of application for lump-sum payment after pension commencement, the carry-over application process is processed after closing the carry-over process for pension benefit masters who have already worked for pension payment. After pension is initiated, the pension plan is changed to make a lump sum payment for the balance, and the pension plan is sold for the lump sum payment of the remaining balance. The sell job is executed on the date of selling according to the lump-sum salary payment history created by carrying forward the payroll. Sell by account (corporate fee / personal fee) by product and check the expected water settlement date. The selling order date shall be the day following the working day of the application for benefits. 2 Confirmation of salary payment (calculation of salary tax amount) If more than one commodity with a different water settlement date is sold for the benefit payment, the payment of the salary shall be processed collectively after the sale of all commodities is completed, i.e. on the final water settlement date (cash purchase date). -Interest on the selling price of the sold product shall not be incurred.The selling result and details of the product shall be identified by the contribution and discharge classification by each product (corporate contribution, personal contribution). The joint records management agency confirms the final selling result for the lump sum payment after the sale processing (sell request, contract, settlement) for each product executed by each product provider and asset management agency is completed. The joint record management system finalizes the lump-sum pay amount along with the calculation of the lump-sum salary payment for each lump-sum salary payment date on the settlement date of the final water supply. Calculate the withholding tax that occurs with the salary. 3 Payroll In order to pay the benefit to the subscriber's account, the payment instruction is prepared and sent to the asset management agency. Corrected payment errors are also included in the preparation of payroll instructions. The asset management agency receives the salary payment instructions from the joint records management agency, and if the payment method is bank transfer, the salary is collectively paid to the subscriber account. If the payment method is visit payment, payment shall be made when the subscriber visits and requests. If there is a loan repayment application amount, the payment method will be instructed as a window payment, and the asset management institution will ask the lender to pay the remaining balance to the subscriber. After the salary payment instruction, the operation and management agency issues a salary payment guide for each subscriber. ▶ Output Name: Instruction for lump sum payment and processing result, payroll guide 4 Receipt of deposit processing result The joint records management institution receives the payment result prepared after the payment processing from the asset management agency. If the payment could not be processed properly, the reason for the error should be registered, and the operation manager will check the reason and make corrections such as error account changes from the subscriber so that the payment instruction can be rewritten. The planned amount to be paid will be maintained by the asset management agency until instructed by the management manager, and no interest will be incurred. In the case of normal payment, the actual payment date is registered to complete the lump sum application. ▶ Output Name: Order of lump sum payment and processing result

FIG. 27B is a work flow related to pension payment during the salary payment step in the beneficiary management step (7).

After the payment of the pension (specified fixed lifetime) benefits of the DC and the corporate / individual IRAs is made, the sale orders, pension benefits, and payment instructions are processed.

Work processing procedures for the work flow of FIG. 27B are shown in Table 27B.

N0 Task name Detailed business process One Carry forward and sell payment information In the case of fixed / life pensions, pension products are purchased from the product provider selected by the subscriber and processed for payment of benefits. Sell / Buy processing refers to the “Management Management” and, if there is an application for confirmation / life pension, the requested product is sold for purchase. The selling order date shall be the day after the claim is approved. -In order to purchase pension products as much as the application rate of the fixed / life pension, the buyer shall order to sell them by the product selected by the applicant, by the contribution amount and the category (corporate contribution / personal contribution account). The purchase of the fixed / life pension will be made after the sale of the existing product and the completion of the final pension settlement date. 2 Annual pension payment processing In the case of installment pension, the pension shall be paid by selling the asset equally in the period of application for entitlement according to the subscriber's plan. On the date of the selling order, the carryover of salary payments is carried out to generate a partial pension and a fixed / long-term pension payment history and to sell the current pension. Selling for pension payments is handled by product, contribution and exit (corporate contribution / individual contribution), so that the expected water settlement date can be identified. -If pension payments are carried forward, pension payments cannot be processed until the pension payment is completed, withdrawal processing including transfer pipes (transfer / transfer), and loan security cannot be set.

3 Confirmation of pension benefit payment (calculation of salary tax amount) Pension payments for defined and lifetime pension products are not subject to an actual sale, but should be treated as an order to sell, sell, and commit in the same manner as the installment pension. The commodity provider shall pay the pension to the asset management agency, and the asset management agency shall pay the beneficiary according to the payment instructions of the joint records management. If there is a loan secured amount, the pension should not be paid in excess of the loan secured amount. -If the appraisal of the pension pays less than the amount of the loan security, the pension payment will be withheld and the pension will not be paid. If more than one commodity with a different water settlement date is sold for the benefit payment, the payment of the salary shall be processed collectively after the sale of all commodities is completed, i.e. on the final water settlement date (cash purchase date). -Interest on the selling price of the sold product shall not be incurred.The selling result and details of the product shall be identified by the contribution and discharge classification by each product (corporate contribution, personal contribution). The joint records management agency confirms the final selling result for pension payment after the sale of each product (sold request, contract, settlement) executed by each product provider and asset management agency is completed. The joint record management system finalizes pension payments along with calculation of taxes, etc. for each pension payment on the date of final capital settlement.-Calculates the amount of withholding tax that occurs with benefits. ▶ Output name: Pension payment processing 4 Pension Benefit Payment Processing In order to pay the benefit to the subscriber's account, the payment instruction is prepared and sent to the asset management agency. Corrected payment errors are also included in the preparation of payroll instructions. The asset management agency receives the salary payment instructions from the joint records management agency, and if the payment method is bank transfer, the salary is collectively paid to the subscriber account. If the payment method is visit payment, payment shall be made when the member visits and requests. After the salary payment instruction, the operation and management agency issues a salary payment guide for each subscriber. ▶ Output Name: Pension payment instruction and processing result, payroll payment guide 5 Receipt of deposit processing result The joint records management institution receives the payment result prepared after the payment processing from the asset management agency. If the payment could not be processed properly, the reason for the error should be registered, and the operation manager will check the reason and make corrections such as error account changes from the subscriber so that the payment instruction can be rewritten. The planned amount to be paid will be maintained by the asset management agency until instructed by the management manager, and no interest will be incurred. In the case of normal payment, the actual payment date is registered to complete the lump sum application. ▶ Output Name: Salary Instruction and Processing Result

FIG. 27C is a workflow for changing beneficiary information during the salary payment step in the beneficiary management step 7. Handle changes in the recipient's deposit account or contact information.

Work processing procedures for the work flow of FIG. 27C are shown in Table 27 below.

N0 Task name Detailed business process One Change of beneficiary information Apply for benefits and change the information or contact information for the recipient's deposit account. Pension entitlement is possible when the beneficiary is a subscriber. If the beneficiary is to be changed for reasons of the subscriber's death, the pension must be re-registered. The pension payment will be suspended if the pensioner is changed to survivor due to death. The survivor applies for a change of benefits in the same procedure as the initial benefit application to pay the existing pension as a lump sum to the beneficiary's legal heir. If the pensioner's death is confirmed by the management agency's active efforts, the manager of the management agency may withhold the pension payment, but there is no request for a lump sum due to the death of the subscriber, and the management agency dies. If it is not confirmed, the pension will continue to be paid to the member's deposit account. ▶ Product Name: Application Form for Changing Beneficiary Information

28 is a business flow related to the corporate return processing step in the beneficiary management step (7). The balance due to overpayment and the balance of corporate retirement of the retiree under one year of service shall be returned to the company.

Work processing procedures for the work flow of FIG. 28 are shown in Table 28 below.

N0 Task name Detailed business process One Retirement company return processing If retirees registered on the day (DC subscribers) have a working period of less than one year and have contracted with the company to return the assets under the company's copayment, the relevant assets are sold and paid to the company. 2 Selling For the selling process, refer to 'Management management'. The company requests to sell all the products incurred by the company's contribution among the balances held by the subscriber. -The copayment 갹 exit order to sell the product borne by the company, so that the expected water settlement date can be confirmed. -The estimated water settlement date is registered and managed for each product. The date of selling order shall be the day following the date of retirement allowance return. 3 Confirmation of company return and instructions for payment In the event that one or more products with different water settlement dates are sold for the corporate return of severance pay, the corporate refund shall be processed in a batch after all goods have been sold. First, interest on the selling price of the sold product shall not occur. -The sale agreement of the product is confirmed by the product by receiving the result from the product provider, and finally confirms the selling amount and settlement date. The joint records management institution shall confirm the final selling fact on a case-by-case basis (sold application, commitment, and settlement) performed by each commodity provider and asset management institution, and process payment instructions on the final water settlement date. The joint record management system finalizes the corporate return for each return of the severance pay on the date of final capital settlement. ▶ Output: Corporate return 4 Receipt of deposit processing result The joint records management agency receives the payment processing result returned from the asset management agency after the payment processing. If the payment is not properly processed, the management manager checks the reason for the payment processing error received from the asset management agency, corrects the error account, and changes the order from the company. The planned amount to be paid will be maintained by the asset management agency until instructed by the manager of the management agency, and no interest will be incurred. In case of normal payment, the actual payment date is registered to complete the payment of the corporate refund. ▶ Output Name: Corporate refund payment instruction and processing result

Fig. 29A is a business flow of the fee service during the fee processing step in the financial settlement step 8.

Work processing procedures for the work flow of FIG. 29A are shown in Table 29A.

N0 Task name Detailed business process One Fee calculation The joint RK center handles the commission calculation. -The method of calculating the asset management fee and the operation management fee is the same, and only the management management fee of the amount deposited by the asset management institution is remitted to the operation management institution. -The calculation of the commission is based on the same flow rate based on the subscriber's market-validated flat balance of the fixed rate (e.g., asset management fee 0.03%, management management fee 0.08%). Provisionally imposes a certain amount per case (e.g. 30,000 won per transfer) and handles it during transfer. 2 Fee check -The asset management agency checks the fee details through the full text, and the operation management agency through the screen. However, the commission detail inquiry inquired by the operation management agency is simply a screen for providing information, and the full text always has a one-time characteristic, and in principle, batch processing is required. -The fee is based on the notice through the corporate administrator's bulletin board on the corporate web screen, and the forced payment of the fee is delivered through the bulletin board on the subscriber's web. ▶ Output Name: Commission History Screen 3 Accounting The asset management agency accounts for the deposit. 4 Remittance processing The asset management institution remits the operation management fee to the operation management institution. 5 Confirmation of payment The asset management agency and the operation management agency confirm the deposit.

Fig. 29B is a business flow relating to the case of collection from the company during the fee processing step in the financial settlement step (8).

Work processing procedures for the work flow of FIG. 29B are shown in Table 29B.

N0 Task name Detailed business process One Fee calculation -The RK Center calculates the operation management fee and outputs the invoice for the operation management fee, asset management fee, and transfer fee. -Send the invoice to the company. -The types of fees are management management fee, asset management fee, and transfer fee. -In principle, the fee is paid by the subscriber, and the company pays the package according to the agreement. 2 Invoice Receipt The company receives the invoice and confirms the contents. 3 Deposit fee The company deposits a fee to the asset management agency. The fee may be paid monthly, quarterly, or annually and shall be collected separately from the levy. 4 Fee check -The asset management agency checks the fee details through the full text, and the operation management agency through the screen. However, the commission detail inquiry inquired by the operation management agency is simply a screen for providing information, and the full text always has a one-time characteristic, and in principle, batch processing is required. -The fee is based on the notice through the corporate administrator's bulletin board on the corporate web screen, and is delivered through the bulletin board on the subscriber web when the unpaid fee is forcibly sold. 5 Confirmation of payment The asset management agency and the management manager confirm the deposit.

30A and 30B show a work flow relating to the abolition phase in the cancellation phase (9).

Work processing procedures for the work flow of FIGS. 30A and 30B are shown in Table 30A.

N0 Task name Detailed business process One Application for termination of contract If the termination of the DC system or the IRA system occurs due to the insolvency of the company or other reasons, labor-management consultations shall be made and the system abolished according to the agreement. When the abolition of the DC scheme or the corporate IRA scheme is confirmed, the firm shall fill out an application for termination and send it to the management agency by post. The management agency receives the cancellation request from the company and checks the contents. The management agency checks whether the cancellation application received from the company is filled out by each item and whether the employee representative agrees. In case of error in the confirmation of the contents, the company shall re-submit the application by notifying the incomplete contents, and in the case of normal, the application for termination of the contract shall be registered and the termination application shall be kept. ▶ Product name: Application for cancellation, Contract termination application 2 Registration of Terminated Subscriber Upon completion of the company's termination application, subscribers who subscribe to the company's plan register their asset treatment according to the termination of the contract. Asset treatment is divided into a salary application and a transfer application. If you choose to apply for benefits, you will be required to follow each payment process. (Refer to Salary Service) In case of appointing a transfer application, each subscriber shall follow the transfer process. (Refer to Transfer / Customer Service.) The person in charge of the operation management agency inquires the processing status of the company that applied for contract transfer. The company inquires the processing status by subscriber following the termination of the contract. ▶ Product name: Contract termination subscriber registration, contract termination processing status inquiry, contract termination subscriber processing status inquiry 3 Termination of contract The joint records management agency checks the processing status of the beneficiaries and the newcomers to confirm the completion. When the sale and transfer of the subscriber's pension assets is completed, the joint records management agency shall settle the various fees and prepare and send payment instructions to the asset management authority. The asset management agency receives the payment instruction from the joint records management agency and sends the fee to the management authority. The joint records management agency shall prepare and send a notice of termination upon completion of the termination of the contract. ▶ Output Name: Payment Instruction, Notice of Termination Result

31A and 31B show a work flow regarding the contract transfer step in the cancellation step 9.

Work processing procedures for the work flow of FIGS. 31A and 31B are shown in Table 31A.

N0 Task name Detailed business process One Application for termination of contract In order to change to another system, the employer and the company establish new pension agreements with the agreement of the workers' representatives through labor-management consultations. After confirmation of the new pension system agreement, the enterprise manager prepares an application for cancellation and attaches the new pension agreement (see pre-registration service) to the management agency by mail. The management agency receives the cancellation request and the new pension agreement from the company and confirms whether each item is filled out and whether the worker representative agrees. In the case of a content verification error, the company shall notify the company of the incomplete contents and re-submit the application. If it is normal, it shall register the application for cancellation and keep documents such as the cancellation application and the new pension agreement. ▶ Product name: Application for cancellation, Contract termination application 2 Registration of Terminated Subscriber After registration of the termination of the enterprise, the joint records management organization shall register the termination of the contract for the subscriber of the enterprise applying for termination. Each subscriber performs the sale (see the operation) on the pension assets held by the company upon termination. The person in charge of the operation management agency inquires the processing status of the company that applied for the transfer of the contract. The company inquires the processing status by subscriber according to the termination of the contract. ▶ Product Name: Registered Contract Termination Subscriber, Contract Termination Status Inquiry, Contract Termination Subscriber Status Inquiry 3 Termination of contract The coordinator of the joint records management organization shall prepare a list of individual balances for each subscriber after the sale of all subscribers is completed. The Joint Records Management Officer shall prepare and send a payment instruction to the Asset Management Agency to transfer and cancel the account to the Customs Asset Management Agency for all assets sold by the subscriber. The person in charge of the management agency prints out the list of personal balances and the notice of cancellation result and sends it to the company by mail. ▶ Output Name: Payment Instruction, Termination Result Notice, Personal Balance List

32A is a flowchart illustrating a method of use during a subscriber work step in the front step 10.

Work processing procedures for the work flow of FIG. 32A are shown in Table 32A.

N0 Task name Detailed business process One Subscriber Management In order to use the defined-contribution retirement pension system, the basic information of each subscriber, the allocation ratio of contributions, and how to use the registration fee transfer work are explained. -Management of subscriber information-Management of subscriber's basic information (address, e-mail, phone number, etc.)-Designation of allocation rate of copayment-Registration of distribution rate of monthly levy-Designation of divorce rate registration-Transfer of money from other pension systems Register distribution of 2 Subscriber Education Explain the pension scheme so that you can understand the defined contribution pension plan. This chapter describes the characteristics of financial instruments, their profits and risks. Describe the risks of each product and how to manage risks. Show your plan and explain key terms. Describe the list of available products and products listed in the plan. 3 Asset Balance Inquiry This section explains how subscribers can check information on asset balances, asset trends, profit and loss situation, levy status, and management instruction trends. Display based on the base date, but allow the user to input the base date. Can be viewed by quarter. Can be viewed by category and month. The asset status shows the asset status by subscribers under the same conditions. -Asset balance-You can check the status of the asset-Balance trend-Use the graph to see the data more visually. -Income and loss situation-You can check the situation of profit and loss. You can see how much you are paying based on how much you pay. -Status of copayment-You can see the status of copayment by year / month. -Operation Instruction Trend-You can see the trend of past operation instruction. 4 Operation (switching) Switching is the sale of some or all of the products you already own and the purchase of another management instrument at the sale price, which changes the investment ratio of each instrument. Explain. -Sell and buy in a one-to-one relationship. -Sell date and buy date are different because sell is done after sell process. 5 Escalation / Water Pipes Explain what you must do before or after you retire. 6 salary Explain subscribers' withdrawals, pensions, lump sums, loans, etc. 7 History inquiry Subscriber's transaction history (product switching, change of contribution, change of share of contribution) can be inquired by period and date.

32B is a work flow related to subscriber education during the subscriber service stage in the front stage 10.

The work processing procedure for the work flow of FIG. 32B is shown in the following Table 32B.

NO Task name Detailed business process One Defined Contribution Retirement Pension Scheme Explain the necessity of retirement pension and explain the necessity of multiplying retirement life funds through the management of the accumulated contribution. Compare the existing retirement pension plans with the defined contribution pension plans. 2 Basic knowledge of financial products Learning about the characteristics of various financial products, including savings and insurance products and stock bonds, to help you manage your own assets and reduce risk 3 Introduction to Asset Management Understand the operational products of the system you are subscribed to and learn how to manage risks by type of asset to help you grow your operational products. 4 Utilization rate The plan to which the subscriber subscribes explains the characteristics of the management management institution, asset management institution and eligibility, and contribution-based management products. 5 Product list Check the list of products operated by the plan to which you are enrolled, and check the number of accounts and the evaluation amount of each product. 6 Knowledge acquisition completed Subscribers can issue management instructions after completing the curriculum and reporting the completion of knowledge acquisition. The training courses are divided into defined contribution retirement pension plans, asset management, general education courses based on financial products, and management product acquisition courses. 7 Knowledge acquisition completed (web channel) Subscribers can only receive operating instructions after completing all training courses and operating product acquisition. After the new product is added to the management product, the system automatically receives the product notification notification message. In addition, if the new product training is not completed when the management instruction for the new product is issued, the acquisition of the new product should be preceded. 8 Knowledge acquisition completed (window channel) If the subscriber visits the management agency and issues the management instruction, the manager of the management agency can act on the operation instruction after signing the notification notice and receiving the risk notice for the product from the manager of the management agency without completing the training course. . As a management instruction, the notification of goods is automatically processed as complete in the system, and the history is managed for each product. 9 Knowledge acquisition completed (ARS channel) The subscriber can receive the risk notice on the product from the ARS system without the completion of all the training courses, and after confirming the customer, can operate the instruction through the ARS. As a management instruction, the notification of goods is automatically processed as complete in the system, and the history is managed for each product. 10 Subscriber Education Management It shows the progress of subscriber's education by curriculum and sends a message prompting completion of education for incomplete subscribers. After registering the initial deadline of the subscriber and inquiry of the non-setter, the setting prompt message is sent.

32C is a workflow of the situation of subscriber assets during the subscriber service phase at front stage 10.

The work processing procedure for the work flow of FIG. 32C is shown in the following Table 32C.

NO Task name Detailed business process One Asset Balance Display balance checks of asset management by product in your plan in tables and graphs. -Display based on the standard date but allow the user to input the standard date. -At present, since there is no historical data, it is possible to search by quarter first.-By category and month, it can be searched.-The status of assets shows the status of assets by subscribers on the same site. 2 Zangochu (Year, Monthly) The preservation of the data is permanent, and a list, a graph, and the period setting method which display the balance inquiry of the management assets by the product in the member's plan are displayed for basic one year (monthly), five years (half year), ten years (yearly unit) do. 3 Profit and loss situation View transaction balance data in the system. According to the input contents, the quantity balance and evaluation balance by operating product are inquired. 4 Contribution Status (Year, Monthly) The preservation of data is permanent, and we display about basic one year (monthly), five years (half year), ten years (yearly unit) by show list, graph and period setting method by member . We display total of contribution We display total of contribution year and total by year. 5 Operating Instruction The preservation of data for each product in the plan by the subscriber is permanent and is represented as a graph with 100% of the total burden ratio for the basic monthly, 5-year, and 10-year periods.

32D is a business flow related to the subscriber history inquiry during the subscriber service step in the front step 10.

The work processing procedure for the work flow of FIG. 32D is shown in the following table 32D.

NO Task name Detailed business process One History inquiry Inquire transaction data of system. According to the input contents, history inquiry about the management product, quantity by trading day, and management amount is performed. The history inquiry up to one year ago is possible. Make both corporate and personal copayments available. Profit and loss are calculated and displayed by individual copayments and company copayments. Set management orders, salaries, and subscriber attributes as the scope of the transaction history.

32E is a workflow for simulation during the subscriber service phase at the front phase 10.

Work processing procedures for the work flow of FIG. 32E are shown in Table 32E below.

NO Task name Detailed business process One Retirement Design Life Plan at the Beginning Stage Simulate assets and savings at a certain age in the future. -Input 1. Basic information: (age, gender, marital status, children, national pension, personal pension, insurance information, expected retirement) 2. Financial asset information: (household income, retirement age, current assets, expected investment income , Pension / insurance reserves 3. Savings, consumption information (children's education expenses, planned consumption, current savings, family event costs, vacation costs) 4. Housing information (homeowner's classification, housing loans, annual loan repayment loans, housing purchases) Plan, estimated home purchase price, estimated loan amount, estimated loan repayment amount, estimated loan period) 5.Retirement plan (cost of living after retirement, other expenses) 6. Interest rate, inflation (home loan interest rate, other loan interest rate, tax rate, Insurance interest rate assumptions for each individual and interest rate assumptions for each asset type) -Output 1.Current table of household assets: household income, investment income, expenditure, estimated surplus funds 2. income, expenditure, average income, average expenditure comparison Release 3: Industry average by age Comparison of income and personal income comparison / Industrial Average household spending and spending, comments on free cash 4. Current asset / liability status: assets, accumulated pension capital, insurance / pension Reserves , Investments , Real Estate 5.Comparison of Current Assets and Average Assets, Current Asset Management Ratio, Current Liabilities and Average Liabilities 6.In case of Opinion: Current Asset Operations, Current Liabilities Mix, Asset / Liability Operation Status by Asset Type, Total Financials Soundness and importance 7. Retirement asset information: assets, current assets, investments, real estate, insurance / pension reserves, short and long term loans 8. Financial status at retirement: pension income, investment income, expenditure, estimated surplus funds 9. Comparison of assets and required assets at retirement, opinions about deficits before retirement, proposals for insurance options, opinions on tax options 2 Life Plan Calculator <Savings Calculator>-Purpose: Required Savings for Target Assets at Retirement-Input: Target Assets, Return on Investment, and Savings at Retirement Age-Output Information 1. Target Assets 2. Investment Ratio 3. Retirement Age 4. Required Savings (Month) Graph: Savings by Age <Investment Calculator>-Purpose: Required investment for target assets at retirement-Input: Regular investment, irregular investment (regular savings, regular-irregular savings other than savings), Return on Investment -Output Information 1. Regular Investment (Month) 2. Irregular Investment (Year) 3. Retirement Age 4. Estimation of Investment Rate Graph: Investment by Age

3 Investment Trend Analysis Purpose: To compare and evaluate the current investment mix and investment tendency through questionnaire. Input: Asset information, Attitudes towards investment risk, Attitudes towards investment products, Attitudes towards economic conditions, Attitudes towards investment types, Forecasts of profits versus risks, Retirement expectations, Life plan questionnaire Graph: Asset allocation class for risk and return 2.Type1, Type2, Type3, Type4, Type5 Current asset mix 3.Opinion on asset allocation class (1--) for risk and profit 4.Graph: Risk and profit Attitudes towards Attitude 3.Type A, Type B, Type C, Type D, Type E Attitudes Mix 4. Attitudes toward Risk and Revenues Opinions on Grades (A to B) 5. Customer Attitudes Related to Investment Risks Present opinion on balance of current investment type 6.Provide overall opinion 7.Opinion on comparison of economic indicators and investment patterns Feedback on 4 Asset Management Purpose: Enter estimates of the minimum and maximum values for final retirement with weighted risk and return weight for retirement: current assets by investment type, planned future investment by investment type, return on investment on other assets, past cumulative Return on Investment, Current Assets by Investment Type, Planned Future Investment by Investment Type, Return on Investment on Other Assets Output: 1.Retirement Pension Asset Management Simulation 2.Graph: Statistical deviations at retirement (maximum and minimum, average Reserves), risks and returns, weighted reserves for each asset 5 Pension Plan at Retirement Purpose: Analyze the required premiums compared to the desired pension and simulate a benefit plan for those who have reached the pension eligibility Input: Desired pension, Personal pension reserve, Retirement pension reserve Output: 1.Graph: Desired pension (month), National pension premium (month), personal pension premium (month), retirement pension premium (month), retirement pension premium (month), retirement age, national pension reserve at retirement, personal pension reserve at retirement, retirement pension reserve at retirement, Retirement Allowances <Retirement Cost Calculator> Purpose: Enter the salary design for the retirement reserve: Retirement pension reserve, personal pension information, national pension information, return on investment during the pension payment period, the desired year of salary and the desired amount of monthly salary Output Information 1. Payroll Planning Table 2. Graph: Payroll Planning

33A is a business flow related to the usage method of the enterprise manager work step in the front step 10.

The work processing procedure for the work flow of FIG. 33A is shown in Table 33A.

NO Task name Detailed business process One Manager Training Understand the necessity of education based on the laws of the Ministry of Labor. Explain training courses, explain how to manage education progress, and explain how to notify noncommitted students. ▶ Product Name: How to Register 2 Subscriber Education Management Learn how to create a subscriber batch registration file, upload a subscriber batch registration file, and how to manage the initial progress of subscribers and how to send progress. Register the subscriber's training progress and register the completion of management product training for each subscriber. Explain how to approve after the initial setting of subscriber. ▶ Product Name: Subscriber Information Management Document 3 Asset Management Report Explain how to view the situation of assets (assets balance, balance trends, age balances) in tables and graphs. Explain how to view the status of the management instruction (operational instruction, operation instruction by age) in tables and graphs. Explain how to view the status of contributions (history of contributions, distribution of contributions) in tables and graphs. ▶ Output Name: Document on how to identify assets 4 Escalation / Water Pipes Explain what you must do before or after you retire. This includes procedures for switching between private (IRA) and enterprise types, and between DB and DC types. ▶ Product Name: Documents for Relocation and Retirement 5 salary Explain how to apply for your benefits (middle withdrawal, lump-sum withdrawal, lump-sum withdrawal, old-age pension). ▶ Name of output: Document of salary work method 6 Refunds Explain how to reimburse a company for the deductible due to loss of eligibility due to retirement. ▶ Product Name: Refund Business Method Document 7 Levy The company manager explains how to contact you and how to confirm your payment. ▶ Output Name: Document

33B is a business flow of subscriber education management during the corporate manager work stage in the front stage 10.

The work processing procedure for the work flow of FIG. 33B is shown in the following Table 33B.

NO Task name Detailed business process One Defined Contribution Retirement Pension Scheme Explain the need for retirement pensions and explain the growth of retirement living funds through the management of contributions. Compare the existing retirement pension plans with the defined contribution pension plans. 2 Basic knowledge of financial products Learning about the characteristics of various financial products, including savings and insurance products and stock bonds, to help you manage your own assets and reduce risk 3 Introduction to Asset Management Understand the operational products of the system you are subscribed to and learn how to manage risks by type of asset to help you grow your operational products. 4 Rules of operation Understand the characteristics of management management institutions, asset management institutions and memberships, and contribution-based management products in the plan to which they are subscribed. 5 Product list Check the list of products operated by the plan to which you are enrolled, and check the number of accounts and the evaluation amount of each product. 6 Knowledge acquisition completed Subscribers can issue management instructions after completing the curriculum and reporting the completion of knowledge acquisition. (Except in case of channel for management and management agency and ARS channel) The curriculum is divided into fixed-contribution retirement pension system, asset management, and general education-based courses. 7 Knowledge Acquisition Requirements (Web Channel) The subscriber can give the operation instruction after completing the course and the acquisition of the management product. After a new product is added to a managed product, the system automatically receives a notification message. In addition, if the new product training is not completed when the management instruction for the new product is issued, the acquisition of the new product should be preceded. 8 Knowledge acquisition completion condition (window channel) The subscriber can receive the product notice from the person in charge and sign the notice without the completion of the course. As a management instruction, the notification of goods is automatically processed as complete in the system, and the history is managed for each product. 9 Knowledge acquisition completion condition (ARS channel) The subscriber can receive the product notification from the ARS system and complete the customer's confirmation without the completion of the course. As a management instruction, the notification of goods is automatically processed as complete in the system, and the history is managed for each product. 10 Subscriber Education Management It shows the progress of subscriber's education by curriculum and sends a message prompting completion of education for incomplete subscribers. After registering the initial deadline of the subscriber and the inquiry of the non-setter, the setting prompt message is sent.

33C is a business flow related to the asset management report during the enterprise manager work step in the front step 10.

The work processing procedure for the work flow of FIG. 33C is shown in the following Table 33C.

NO Task name Detailed business process One The situation of the asset Tables and graphs show asset balance by product category and product in the member's plan. 2 Balanced Rice (Year, Monthly) Inquiry balance of product category management assets in plan by company manager by year and month in graph. 3 Balance by age We display whole distribution by age group of product category management assets in plan by company manager in graph making 100%. This shows what investment patterns look like by age group. 4 Operating Instruction We display as percentage of total one-year burden ratio as 100% by product category in plan by company manager. 5 Operating Instructions by Age The total distribution by age category of the extraction rate for each product category in the plan by the company manager is displayed on a bar graph with 100%. 1. The current extraction situation in age group is displayed by category product. 6 History of levy (year, month) The total amount of charges in the plan by the company manager is displayed for each year, and if the year is selected, the monthly charge history is displayed. 7 Distribution of Contributions We display how many people, what percentage of member A-member B is by table and graph in the amount of burden of plan by company manager.

34A is a work flow related to ARS work during a call center step in the front step 10. The work processing procedure for the work flow of FIG. 34A is shown in Table 34A.

NO Task name Detailed business process One ARS initial menu The ARS system judges subscribers and non-subscribers, and the subscribers voice the customer information and proceed with the customer response. 2 Customer Guide 2nd voice prompt for a customer identified as a subscribed customer 3 Basic subscriber information Provide basic information such as subscriber's address, phone number and company information. 4 Subscription Plan, Product Information Information on the subscriber's subscription plan, product information, and product performance. 5 Asset Status Guide the status and performance of your current assets 6 Reception Request Process It informs the processing status of the work received by the subscriber through the call center or the web. 7 Operating instructions Receive and process operation instructions from subscribers. 8 Agent connection Have a registered counselor connect your telephone to a counseling service.

34B is a work flow related to an agent's work during a call center step in the front step 10.

The work processing procedure for the work flow of FIG. 34B is shown in the following Table 34B.

NO Task name Detailed business process One Basic subscriber information Basic information about customers identified as registered customers 2 Operational Instructions The counselor informs the subscriber of the status of operation instructions. Inquiry can be inquired by subscriber, transaction type (switching, cancellation), order path (Web, CC). 3 Telephone Consultation Records The counselor records the contents requested by the subscriber and confirms the contents of the consultation. 4 Notice to subscriber Counselors will register and notify you of your notices. 5 Subscriber P / W Change Processing If the subscriber loses his password, he / she checks his / her identity and changes the password.

The best embodiments have been disclosed in the drawings and specification above. The specific terms or numbers used herein are for the purpose of describing the present invention only and are not used to limit the scope of the present invention as defined in the meaning or claims. Therefore, those skilled in the art will understand that various modifications and equivalent other embodiments are possible from this. Therefore, the true technical protection scope of the present invention will be defined by the technical spirit of the appended claims.

The present invention provides an efficient and competitive web-based retirement pension system by establishing a business model that can provide services that meet the characteristics of the retirement pension market and providing an efficient configuration of a server and network system for implementing the web-based implementation. To build.

Claims (25)

A contract conclusion step of committing a contract by committing a contribution from an enterprise; Subscriber management step of processing the information when the information of the retirement pension subscriber is registered, changed; A fee management step of receiving a fee from the company and managing the fee; An escalation / conduit step of handling the transfer of the subscriber to another system and the canal from another system; An asset management / operation step of establishing an asset management method and managing and operating the asset; A beneficiary management step of paying salaries and the like to the subscriber; A financial settlement step of calculating and processing a fee; And A method of operating a defined contribution retirement pension, characterized in that it comprises a termination step of receiving a request from the company to carry out the procedure of termination or contract transfer. The method of claim 1, It further includes a pre-information management step of registering basic and attribute information, corporate information, product information, and plan information of the operation management institution, asset management institution, and product information provider that the agreement agreement with the records management organization is determined. How to operate a defined contribution retirement pension. The method of claim 2, wherein the prior information management step An institution information management step of registering attribute information of an operation management institution, an asset management institution, and a product provider in a protocol agreement with a records management organization; A product information management step of registering product information provided by the product provider; A company information management step of changing and registering information of the company; And A method of operating a defined contribution retirement pension, characterized in that it comprises a plan information management step of registering the plan information is fixed pension agreement. The method of claim 1, wherein the subscriber management step is A subscriber information registration step of receiving subscriber information from the company or the subscriber and registering it; Subscriber attribute information management step of managing the leave of absence, retirement, and other information change of the subscriber; A charge registration changing step of registering, registering, changing or stopping the personal contribution by the subscriber and registering with the records management institution after approval of the company; A subscriber change processing step of extracting a wage revision target person from the records management institution, notifying the company of wage revision and registering the revision information; A bond foreclosure management step of reflecting a foreclosure order in which the subscriber is a debtor; And The defined contribution type retirement pension operating method comprising the step of managing the loan information to manage the loan application of the subscriber. The method of claim 1, wherein the fee management step A levy contact step in which levy information is provided from the records management institution to the asset management authority; And A method of operating a defined contribution retirement pension, characterized in that it comprises a payment deposit step of managing the deposit payment from the company. The method of claim 1, wherein the escalation / canaling step A system transfer step of processing the transfer of the subscriber to another system; And A method of operating a defined contribution retirement pension, characterized in that it comprises a systemic canopy step of processing the new subscribers from another system. The method of claim 1, wherein the asset management / operation stage An operation method / ratio registration step of presenting an operation method and a ratio of the pension asset and registering / modifying it; And A method of operating a defined contribution retirement pension, characterized in that it comprises an operation step of managing and operating the pension asset. According to claim 1, Recipient management step A middle withdrawal application step in which the subscriber applies for the middle withdrawal and the management agency examines it; A withdrawal payment step of processing the selling instruction, the withdrawal amount settlement and the payment instruction when the application is confirmed; A salary application step in which the subscriber applies for salary and the management agency examines it; A salary payment step of processing a sell order, a lump sum or a pension amount, and an order for payment when the application is confirmed; And A method for operating a defined contribution retirement pension, comprising the step of processing a corporate return for returning the overpayment of the charge to the company. The method of claim 1, wherein the canceling step Abolition / cancellation application step of abolishing or canceling the pension system upon request from the company; And A method for operating a defined contribution retirement pension, characterized in that it comprises a contract transfer step of receiving a request from the company to change to another system. The method of claim 1, The subscriber or the manager of the company further comprises a front step of receiving or receiving the pension-related information, the defined contribution type retirement pension operating method. 12. The method of claim 11, wherein the front step is A subscriber service step in which the subscriber inquires or receives pension related information; A corporate manager's business step in which a manager of the corporation inquires or receives pension related information; And A method of operating a defined contribution retirement pension, comprising a call center step of performing consultation or response to pension-related information. Contracting means for contracting a contract by arranging a levy from the enterprise; Subscriber management means for processing this information when the information of the retirement pension subscriber is registered and changed; A fee management means for receiving a fee from the company and managing the fee; An escalation / conduit means for handling the transfer of the subscriber to another system and the canal from another system; Asset management / operational means for determining how assets are to be managed and for managing and operating the assets; Recipient management means for paying the salary, etc. to the subscriber; Financial settlement means for calculating and processing a fee; And Retirement-type retirement pension management system, characterized in that it comprises a cancellation means for performing the procedure of termination or contract transfer upon request from the company. The method of claim 12, It further comprises a pre-information management means for registering the basic and attribute information, corporate information, product information, and plan information of the operation management agency, asset management agency, and product information provider that the agreement agreement with the records management organization is confirmed. A defined contribution retirement pension management system. 13. The method of claim 12, wherein the preliminary information management means Agency information management means for registering the attribute information of the operation management agency, the asset management agency, and the product providing organization with the record management organization and the agreements concluded; Commodity information management means for registering commodity information provided by the commodity provider; Corporate information management means for changing and registering information of said enterprise; And Defined contribution retirement pension management system comprising a plan information management means for registering the plan information is fixed pension agreement. 13. The apparatus of claim 12, wherein the subscriber management means Subscriber information registration means for receiving subscriber information from the company or the subscriber and registering it; Subscriber attribute information management means for managing leave of absence, retirement, and other information change of the subscriber; Levy registration changing means for the subscriber to register, change, and suspend personal copayments and register with the records management institution after approval of the enterprise; Subscriber change processing means for extracting a wage revision target person from the records management institution, notifying the company of wage revision and registering the revision information; Bond foreclosure management means for reflecting a foreclosure order in which the subscriber is a debtor; And The defined contribution type retirement pension management system comprising a loan information management means for managing the loan application of the subscriber. The method of claim 12, wherein the charge management means Levy contact means for providing levy information from said recordkeeping authority to said asset management authority; And A defined contribution type retirement pension management system, comprising a payment deposit means for managing a deposit payment from the company. 13. The method of claim 12, wherein the escalation / water pipe means Institutional transfer means for handling the transfer of the subscriber to another system; And A defined contribution type retirement pension management system, comprising institutional means for processing the crowning of new subscribers from other schemes. The method of claim 12, wherein the asset management / operation means An operation method / ratio registration means for presenting the operation method and ratio of the pension asset and registering / modifying it; And a management means for managing and operating the pension asset. The method of claim 12, wherein the beneficiary management means A middle withdrawal application means for which the subscriber applies for the middle withdrawal and the operation management institution examines it; A withdrawal payment means for processing the sale instruction, the withdrawal amount settlement and the payment instruction when the application is confirmed; A salary application means for which the subscriber applies for salary and the management agency examines it; Once the application is confirmed, payment means for processing sale orders, lump sum or pension amounts, and payment instructions; and A defined contribution type retirement pension management system, comprising: a corporate return processing means for returning an overpayment of a levy to a company. The method of claim 12, wherein the termination means Means for applying for abolition / cancellation to abolish or terminate the pension system upon request from the company; and And a contract transfer means for receiving a request from the company and changing the contract to another system. The method of claim 12, The subscriber or retirement pension management system, characterized in that the subscriber further comprises a front means for receiving or receiving information related to the pension. The method of claim 12, wherein the front means Subscriber service means for which the subscriber inquires or receives pension related information; Corporate manager affairs means for which the manager of the corporation inquires or receives pension related information; A defined contribution retirement pension management system comprising a call center means for performing consultation or response to pension-related information. Subscriber station; Corporate manager terminal; An operation management agency that introduces operational products and operation methods to customers and performs operation management tasks related to the maintenance of contract results; A recordkeeping authority that records, stores, receives notices of all subscribers, and receives management instructions, and records management service for records and assets management; An asset management agency that conducts asset management on assets that the employer in charge of retirement pensions should cover their salaries; And A defined contribution retirement pension management system, characterized by comprising a product provider for presenting a product for the management of the retirement pension asset and managing the product. 24. The system of claim 23, wherein the records management institution Web server / Web Application Server (WAS) for applications; An external server in charge of an interface with the operation management institution, the asset management agency, and the product providing agency; DB server to build a database; And Defined contribution retirement pension management system comprising a communication network connecting the servers. 24. The system of claim 23, wherein the records management institution And a development server for developing a system connected to the web server / WAS by a test network.

Images