Many professor or teacher asked us about whether or not a teacher or professor who joined the Private School Pension is eligible for retirement pay based on Article 34 of the Labor Standards Act and Article 8 of the Workers Retirement Benefit Security Act.
Please find our reply to that query as follows:
According to principle priority on special laws, when special laws specify working condtions of the worker concerned, such conditions prescribed in those laws are preferred to general labor laws.
When condsidering relationship between the labor laws and Private Teacher Pension Act, the former is the general law and the latter is the special law. Therefore, wed like to inform you that regarding retirement benefits a teacher who joined the Private Teacher Pension shall be covered by the Teacher Pension act not by those labor acts.
For more information regarding Retirement Benenfits, please contact the Private Teacher Pension at 02-759-4405/4439(English available).
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