WHO IS A ‘CLOSED PENSION FUND ADMINISTRATOR (CPFA)’?

Any employer managing its existing pension scheme before the enactment of the Pension Reform Act 2004 may apply to the National Pension Commission to be licenced as a Closed Pension Fund Administrator to continue to manage such pension scheme.

A closed PFA cannot open or manage RSA for employees other than its employees or employees of its parent company if it is a subsidiary.




Maybeach Technology