If an entitlement to receive a retirement allowance under this Act has not been exercised within three years, the extinctive prescription of such entitlement shall be complete.
Laws › Act on the Guarantee of Employees' Retirement Benefits › CHAPTER II ESTABLISHMENT OF RETIREMENT BENEFIT SCHEMES
Act on the Guarantee of Employees' Retirement Benefits — Article 10 (Extinctive Prescription of Retirement Allowances)
근로자퇴직급여 보장법 제10조
This English translation is based on the Korean text effective 2022-07-12. The Korean law has since been amended (current version effective 2026-09-18) — check the Korean original.
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