TEACHERS' PENSION

REQUIREMENT

• Livelihood Funds Loan : Over 1 yr school personnel’s working period
• Happiness Loan

  Guide for types of Happiness Loan

  Classification	Type
  Newlywed Loan	Engaged or married Teachers 6 months before and 2 years after marriage
  Clerical Personnel	Teachers within 3 years of childbirth Within 3 years of adoption for adopted children
  Childcare loan for more than 3 children	Teachers within 3 years of childbirth
  Assurance (disability) Loan	Teachers with or caring for persons with disabilities Person with disability : Self, spouse, children, direct family (self, spouse) ※ Direct family : Support for more than 6 months
  Single-Parent Family Loan	Single-mother or single-father families
  Elderly Support Loan	When the teachers themselves or their spouses support elderly direct family members for more than 6 consecutive months (Born before 1956.1.1)
  Maternal Leave Loan	Teachers taking a maternal leave due to pregnancy or childcare
  Sick Leave Loan	Teachers taking a sick leave due to disease
  Multicultural Family Loan	Teachers with multicultural family A family living in Korea consisting of Korean father/mother and a foreign mother/father
  Marriage of Offspring Loan	Teachers with marrying children 6 months before and after children’s marriage

LOAN LIMIT

• Livelihood Funds Loan : Within 1/2 of the retirement benefit (retirement allowance included) up to KRW 60 million
• Happiness Loan : Within 1/2 of the retirement benefit (retirement allowance included) up to KRW 30 million

INTEREST RATE

Flexible quarterly rate

REQUIREMENT

Self and your children enter or study at a university (except postgraduate university)

LOAN LIMIT

• Domestic Univ. Within actual tuition fee
• Overseas Univ. Within USD $10,000. Per year

INTEREST RATE

interest-free