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The Pension Fund Association's predecessor was founded in 1967 as a federation of employees' pension funds, based on the Employees' Pension Insurance Act, and the Pension Fund Association in its present form was established under the revision of the Act in 2004.
The Association provides pension benefits to those who seceded from employees' pension funds after a short period (usually less than 10 years) of membership (midway seceders) in an integrated manner, and undertakes the aggregation of different corporate pension plans, including employees' pension funds, defined benefit corporate plans and defined contribution plans.
The Association is also engaged in the secure and efficient management of assets, which serve as financial resources for pension benefits.
In addition, for the purpose of the development of corporate pensions, the Association also conducts research and study on matters related to corporate pensions at home and overseas, submits proposals and requests to various quarters concerned, and undertakes a range of support activities necessary for the sound development of member companies, including the provision of various information, counseling, advice and executive and employee training.