TEACHERS' PENSION

It is one of the disciplinary actions, and refers to clearing the school staff`s relationship. The retirement benefit is paid after deducting a certatin portion of the benefit.

It is the pension that allows the school staff who were employed for more than ten years and retired before the age for retirement annuity benefit to receive the pension early after reducing a certain rate of amount before the pension age.

If the approved combined total employment period is requested for exclusion in whole or in part, or the repayment is fell into arrears for more than six months, exclusion of combined calculation can be accepted for the period which the employment period corresponding to the paid repayment is deducted from the requested period for exclusion or approved combined total employment period.

It refers to the period to which the Pension Act is applied and, in principle, is consistent with the payment period of the contribution (the returned benefit). The employment period, the basis of calculating the benefit, is the criteria of such several advantages of the Pension Act that more benefits can be received with the longer employment period and the pension can be received if the employment period is longer than ten years.

Such periods of military service as the following are excluded from one`s career. (ⅰ) less than 6 months` period of military service as a reserve conscript (ⅱ) the period of military service as a military officer candidate or a noncommissioned officer (ⅲ) the period of military service reduced because of one`s prison life, desertion from barracks, or detention from disciplinary punishment (ⅳ) the period of service in the National Construction Corps (ⅴ) the period of training in RNTC(Reserved Noncommissioned - officer Training Corps) (ⅵ) the period of service as a special reserve conscript

It refers to the method of repaying the same amount each month from the month of starting repayment to the month of expiration by calculating the principal and interest in consideration of the loan amount, repayment period and interest rate. ※ If the interest rate is changed, the principal and interest is also changed.

It refers to the private schools and the school management institutions that install and manage the private schools, and the private schools and school management institutions among the special schools in the Article 2, Subparagraph 5 of the Elementary and Secondary Education Act or the private schools and the research institutes designated by the Minister of Education among other private schools. Science and technology are all under the Pension Act.

It refers to the school staff who work for schools and school management institutions, and the teachers are those who were reported the appointment to the competent authorities in accordance with the provisions of the Article 54 of the Private School Act and the clerical staff are those who were appointed within the number by position prescribed in the articles of incorporation of the school institution in accordance with the provisions of Article 70, Clause 2 of the Private School Act.