The amount of benefits referred to in subparagraph 4 of Article 13 shall be estimated in a way that the lump-sum benefits calculated based on the retirement date of a participant amount to the average wages earned for at least 30 days for each year of continuous service. <Amended on Apr. 13, 2021>
Laws › Act on the Guarantee of Employees' Retirement Benefits › CHAPTER III DEFINED BENEFIT PLANS
Act on the Guarantee of Employees' Retirement Benefits — Article 15 (Amount of Benefits)
근로자퇴직급여 보장법 제15조
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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