It was found that nearly 500 pension savings insurance policies were canceled every day for five months this year. This is an increase of more than 1.5 times compared to the same period last year. As the KOSPI boomed, surpassing 8,000 in May, the 'money move' phenomenon, in which funds flow into the stock market, also appeared in retirement funds. According to data received by People Power Party lawmaker Song Eon-seok's office from the Financial Supervisory Service on the 14th, the number of pension savings insurance cancellations from January to May this year was 72,477, up 28,523 (64.9%) from the same period last year (43,954). increased. An average of 480 cases were canceled per day. During the same period, cancellation refunds also increased by 788.2 billion won (82.6%) to 1.7421 trillion won. The surrender charge per case is around 24 million won. There is an analysis that KOSPI, which was around 4,000 at the beginning of this year, has doubled in five months, sucking up funds for retirement. In fact, it has also been shown that the phenomenon of money movement from the banking sector to the stock market has intensified. Personal deposits and deposits of the five major banks (KB Kookmin, Shinhan, Hana, Woori, NH Nonghyup) from January to May of this year