Regulations for Labor Pension Act on the Labor Pension Fund Management / Utilization and Profit / Loss Allocation Article 11

Where a worker chooses to transfer in a lump sum the principal and returns accrued in his/her individual account of labor pension to the annuity insurance in accordance with Paragraph 1 of Article 14 of the Enforcement Rules of the Act, except for the return already distributed to the foresaid account, the remaining undistributed period return(s) shall be distributed according to the nearest monthly rate of return announced by the BLF to calculate the return up to the month when the application is submitted.The rate of return mentioned in the preceding Paragraph shall be calculated to the fourth decimal place.The accumulated return stated in Paragraph 1 shall not be less than the return calculated yearly on the basis of the average annual interest rate of a 2-year-term deposit at local banks; in the event of insufficiency, it shall be covered by the National Treasury.