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Pension Dictionary

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Notice of Re-appointment
It refers to the case when school staff retired and were reappointed on the retirement date or the next day without receiving retirement benefit and retirement allowance after retirement, or are appointed by a school institution with receipt of retirement allowance only after a certain period of time passed.
Notice of Appointment
It is the procedure to determine the base monthly income that is the basis of the calculation of the payment for the contribution and benefit required when applying the Pension Act. In school institutions, when appointing school staff, the school staff appointment declaration in which positions (titles), days of working, total income, etc. are specified is needed to determine the base monthly income.
National Contribution
The amount borne by the nation as the expense required for benefit
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