• No : 1508
  • Displayed Date : 2024/02/19 18:38
  • Updated DTM : 2024/02/20 12:44
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What is forfeiture of company contributions when I retire?

Answer

"Forfeiture of company contributions" refers to returning to the employer the amount equivalent to the contributions made by the employer out of the pension assets only in the case of voluntary resignation with less than three years of service.
Investment gains, participant contributions (employee matching contribution), and assets transferred from other defined contribution pension plans and existing retirement benefit plans, etc. will remain as your pension assets.