Korean Law in English
Laws › Act on the Guarantee of Employees' Retirement Benefits › CHAPTER III DEFINED BENEFIT PLANS

Act on the Guarantee of Employees' Retirement Benefits — Article 14 (Contribution Period)

근로자퇴직급여 보장법 제14조

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.

(1) The period of contribution prescribed in subparagraph 3 of Article 13 shall be the period of service in the business concerned since the establishment of the retirement pension plan.

(2) The period of service before the establishment of the retirement pension plan concerned may be included in the period of contribution. In such cases, the period for which a retirement allowance is settled in advance under Article 8 (2) shall be excluded therefrom.

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