What you need to know
The supplementary defined contribution plan is an employer-sponsored plan that supplements the National Pension Scheme. The supplementary defined contribution plan pays you a benefit when you retire.
How the plan works
When you retire, you receive a benefit equal to the amount of your accumulated contribution and the return on your investment.
Your contribution: Up to KRW 3 million per year on a voluntary basis
PayPal’s contribution, based on years of service:
- Up to 3 years of service: 8.33% of Base + Actual AIP Cash
- More than 3 & up to 5 years of service: 10% of Base + Actual AIP Cash
- More than 5 years of service: 11% of the Base + Actual AIP Cash
Provider contact information
Retirement plan
Mirae Asset Life Insurance