Reorganization of Private School Pension System... Establishment of Fund Management Team and Domestic Securities Team

[Asia Economy Reporter Park So-yeon] The Private School Teachers' Pension Service (hereinafter referred to as the Private School Pension) has reorganized its organizational structure by establishing a Fund Management Team and a Domestic Securities Team.

The Private School Pension announced on the 29th that starting from the 1st of next month, it will reorganize its organizational structure and reallocate personnel to adjust work functions as a public institution and to improve the efficiency of organizational and personnel operations, thereby advancing current projects.

The Private School Pension explained that it prioritized strengthening services for private school teachers and improving fund management returns by increasing personnel in core business areas such as the Pension Business Headquarters and the Fund Operation Management Division, while minimizing personnel in support departments.

For the first time, the Private School Pension granted the head of a division the authority to transfer personnel between affiliated teams, considering the workload and peak periods of departments as well as reflecting employees' preferred tasks, thereby introducing an innovative personnel management model through transfers between teams within divisions.

A Loan Business Team was newly established within the headquarters to transfer and centrally manage the loan operations that had previously been conducted at centers (Seoul, Daejeon, Busan).

In preparation for public pension reform, a Pension Planning Office was established within the Pension Business Headquarters to strengthen functions such as pension law management, system research and financial forecasting, external media response, and pension system promotion. Additionally, by integrating salary payment and recovery management functions and reallocating personnel, the number of researchers dedicated to pension system studies was increased.

Furthermore, the Pension Business Office, a core business department of the Private School Pension, was reorganized to provide pension services tailored to the customer's life cycle from appointment to retirement and pension receipt through the Employee Management Team, Retiree Management Team, and Pension Recipient Team, emphasizing customer convenience.

To build a cooperative relationship between labor and management, a Labor-Management Cooperation Team was newly established within the Talent Management Office to carry out tasks aimed at fostering harmonious labor-management relations and improving organizational culture. The Risk Management Office, directly under the chairman, was reorganized into the Risk Legal Office to establish an enterprise-wide risk management system, enhancing expertise by expanding legal support functions.

In fund management, with the increase in fund size, emphasis is placed on mid- to long-term strategic asset allocation and expanding fiduciary responsibility activities as a pension fund manager. To fulfill these roles effectively, a Fund Management Team was newly established within the Investment Strategy Office of the Fund Operation Management Division. A Domestic Securities Team was also created within the Securities Management Office to integrate the management of domestic bonds and domestic stocks.

Chairman Joo Myung-hyun stated, "To faithfully implement national tasks closely related to the Private School Pension, such as public institution efficiency policies and public pension reform, efficient organizational and personnel management must be supported. In particular, along with innovative and efficient organizational and personnel operations like the team member transfer method led by division heads, we will continue to pursue ongoing management efficiency policies and do our best to provide high-quality services to customers through the Customer Support Education Center and social participation-type support and operation for pension recipients."

This content was produced with the assistance of AI translation services.