Sahakyeongeum Launches 'You Worked Hard, Now Receive Your Retirement Benefits' Campaign

[Asia Economy Reporter Minji Lee] The Private School Teachers' Pension Service (hereinafter referred to as PSTPS) announced on the 9th that it will implement a campaign to inform teachers and staff of their rights to claim retirement benefits.

This campaign was prepared to prevent customer disadvantages caused by the expiration of the statute of limitations for claiming retirement benefits (5 years from the retirement date) and to secure opportunities for teachers and staff to exercise their rights to claim benefits. It will be conducted from the 10th to the 18th, targeting PSTPS subscribers and the general public by actively utilizing promotional media such as the PSTPS website and SNS (YouTube, Instagram, Naver Blog, etc.).

The PSTPS stated, "Among the enrolled teachers and staff, this campaign is aimed at those with relatively weak awareness of their rights, such as kindergarten teachers and university hospital staff who frequently retire and are reappointed, short-term employees with less than one year of service, and foreign teachers and staff, to ensure they are not left out of the pension system's blind spots and that their rights are protected."

According to the PSTPS Act, when a teacher or staff member retires, retirement benefits (pension or lump sum) and retirement allowances (similar to severance pay for general workers) are generated. Retirement benefits can be claimed even if the person worked for only one day before retiring, while retirement allowances can only be claimed if the person has worked for at least one year before retiring.

For teachers and staff who are not reappointed on the same day or the next day at a PSTPS legal application institution, the period of employment for retirement allowances is not connected to the reappointment institution's employment period, so it is necessary to check whether there are any unclaimed retirement allowances from previous workplaces.

Chairman Myunghyun Joo said, "Through this campaign to notify the right to claim retirement benefits, we will resolve blind spots in the right to claim benefits and do our best to protect the rights of teachers and staff so that benefits do not expire due to the statute of limitations. We will continue to strive to become a customer-oriented PSTPS through active promotion of the pension system."

Meanwhile, for those who have not claimed retirement benefits or retirement allowances three years after their retirement date, the PSTPS is implementing an expanded claim method that allows applications by fax in addition to mail and internet claims.

This content was produced with the assistance of AI translation services.